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May 18, 2026 Resource

Lexology Panoramic: Financial Services Compliance 2026

The guide enables side-by-side comparison of local and global insights into regulatory frameworks, enforcement, and compliance programs, among other trends. First published in Lexology Panoramic: Financial Services Compliance 2026. Reproduced with permission from Law Business Research Ltd.
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The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Good Faith

acting honestly and fairly towards one’s counterparties. Similar to acting reasonably. Good Faith is also a critical component of a Director’s Duty of Loyalty.

Word of the Day®

Hydropower

power derived from the energy of falling or fast-flowing water.

Word of the Day®

Earn Out

a provision in a Mortgage ensuring that the Borrower will be able to obtain additional funds if certain conditions of the business are met. This allows for the Borrower to reap the benefits of projected earnings, since the lender is not willing to loan additional funds for those future earnings.

Word of the Day®

Non-Custodial

the Decentralized storage of Private Keys by a user (rather than by an Intermediary Custodian) in relation to Wallets or Exchanges.
See also Self-Custody.

Word of the Day®

Parent

the main document in a Family (typically a cover email). Children are attached to Parents to comprise a single Document Family.

Word of the Day®

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From Our Blogs

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May 14, 2026

OCC Preempts Illinois Interchange Fee Law

The OCC issued two interim final actions preempting the Illinois Interchange Fee Prohibition Act, causing the Seventh Circuit to vacate and remand related proceedings to the district court.