Regulatory Updates
US Reg Round Up: 28/01/2025
Federal Reserve Federal Reserve terminates enforcement action with Marblehead Bancorp and Marblehead Bank - 23 January 2025 The Federal Reserve Board has announced the termination of the enforcement action against Marblehead Bancorp and Marblehead Bank, based in Marblehead, Ohio. The written agreement, initially dated December 14, 2023, was terminated on
EU & UK Reg Round Up: 28/01/2025
European Banking Authority EBA publishes an Opinion on the interaction between the output floor and Pillar 2 requirements - 21 January 2025 The European Banking Authority (EBA) has issued an Opinion addressing the interaction between the output floor and Pillar 2 Requirements (P2R) under the Capital Requirements Directive (CRD). The
US Reg Round Up: 16/01/2025
Federal Reserve Federal Reserve issue interagency statement on supervisory practices - 14 January 2025 The California financial regulators (DFPI, FDIC, Federal Reserve, NCUA, OCC) are offering support to financial institutions affected by the wildfires and winds. They encourage institutions to work with borrowers and adjust loan terms, provide temporary facilities,
EU & UK Reg Round Up: 16/01/2025
European Banking Authority The EBA publishes final guidelines on the management of ESG risks - 09 January 2025 The European Banking Authority (EBA) has released its final Guidelines on the management of Environmental, Social, and Governance (ESG) risks. These Guidelines outline requirements for institutions to identify, measure, manage, and monitor
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