Regulatory Updates
US Reg Round Up: 13/12/2024
Federal Reserve Federal Reserve Board provides technical clarification that its account access guidelines apply to excess balance accounts - 09 December 2024 The Federal Reserve Board has clarified that its account access guidelines also apply to excess balance accounts (EBAs). EBAs are limited-purpose accounts at Federal Reserve Banks used to
EU & UK Reg Round Up: 13/12/2024
European Banking Authority ESAs publish guidelines on crypto-asset classification - 10 December 2024 The European Supervisory Authorities (EBA, EIOPA, and ESMA) have issued joint Guidelines to standardize the regulatory classification of crypto-assets under MiCAR. The Guidelines include a standardized test and templates for legal opinions and white paper explanations, ensuring
EU & UK Reg Round Up: 27/11/2024
European Banking Authority EBA updates list of CET1 instruments - 27 November 2024 The EBA has released an updated list of capital instruments classified as Common Equity Tier 1 (CET1). This update incorporates several significant changes since the last publication in December 2022. Notably, references to grandfathered instruments have been
US Reg Round Up: 27/11/2024
Federal Reserve Federal Reserve announces details of periodic review of monetary policy strategy - 22 November 2024 The Federal Reserve has announced additional details regarding its periodic review of monetary policy strategy, tools, and communications. This review will focus on the Federal Open Market Committee's (FOMC) Statement on
US Reg Round Up: 13/11/2024
Federal Reserve Brief updates on information collections on the Data collections currently under review by the board of Governors November 4, 2024: * FR Z: The final OMB supporting statement was posted. October 29, 2024: * FR 4027: The draft OMB supporting statement and link to the initial Federal Register notice were
EU & UK Reg Round Up: 13/11/2024
European Banking Authority EBA publishes follow-up report on supervision of non-performing exposures management - 07 November 2024 The European Banking Authority (EBA) has released a follow-up to its 2022 Peer Review report, assessing how competent authorities supervise credit institutions' management of non-performing exposures (NPEs). The report highlights notable improvements
US Reg Round Up: 30/10/2024
Federal Reserve Minutes of the Board’s discount rate meetings on September 9 and 18, 2024 - 15 October 2024 In a recent meeting, the Federal Reserve Board reviewed economic conditions and decided to maintain the primary credit rate at 5.5%. Directors noted improvements in labor availability and moderate
EU & UK Reg Round Up: 30/10/2024
European Banking Authority EBA publishes draft technical package for reporting framework 4.0 - 23 October 2024 The EBA published a draft technical package for version 4.0 of its reporting framework, marking an early step towards the final release in December 2024. This draft, which applies to reporting obligations
US Reg Round Up: 10/10/2024
Federal Reserve Agencies announce increase in 2025 threshold for higher-priced mortgage loans - 4 October 2024 The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency have jointly announced that the threshold for higher-priced mortgage loans, which are subject to special
EU & UK Reg Round Up: 10/10/2024
European Banking Authority EBA published its final guidelines on how token holders should be redeemed in the event of an issuer related crisis - 9 October 2024 These Guidelines, part of the Markets in Crypto-Assets Regulation (MiCAR), are directed towards competent authorities and apply to issuers of asset-referenced tokens (ARTs)