Regulatory Updates
US Reg Round Up: 24/04/2025
Federal Reserve Minutes of the Board's discount rate meetings on February 18, March 10, and March 19, 2025 - 15 April 2025 The Federal Reserve decided to keep the primary credit rate at 4.5% as of March 2025. This decision followed a review by the directors of
EU & UK Reg Round Up: 24/04/2025
European Banking Authority A material gender pay gap persists across EU banks and investment firms, the EBA observes in its Benchmarking Report - 15 April 2025 The EBA’s 2025 Remuneration and Gender Pay Gap Benchmarking Report highlights a persistent and material gender pay gap across EU banks and investment
US Reg Round Up: 12/04/2025
Federal Reserve Federal Reserve Board releases annual audited financial statements - 21 March 2025 The Federal Reserve Board has released the annual audited financial statements for the Federal Reserve System for 2024. The audit, conducted by KPMG LLP, resulted in an unqualified opinion, confirming that there were no material misstatements
EU & UK Reg Round Up: 12/04/2025
European Banking Authority The ESAs call for vigilance amid rising geopolitical and cyber risks - 31 March 2025 The European Supervisory Authorities (EBA, EIOPA, and ESMA) have released their Spring 2025 Joint Committee update, highlighting risks and vulnerabilities in the EU financial system, particularly those arising from geopolitical tensions and
US Reg Round Up: 12/03/2025
Federal Reserve Agencies Issue 2024 Shared National Credit Program Report - 10 March 2025 Federal banking regulators—the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency—released the 2024 Shared National Credit (SNC) report, highlighting that while credit risk in large,
EU & UK Reg Round Up: 12/03/2025
European Banking Authority EBA Updates ITS Validation Rules - 11 March 2025 The European Banking Authority (EBA) has issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting. The update includes deactivated rules due to inaccuracies or IT issues, and competent authorities are advised
US Reg Round Up: 11/02/2025
Federal Reserve Federal reserve board releases hypothetical scenarios for 2025 annual stress test - 5 February 2025 The Federal Reserve Board has announced the release of hypothetical scenarios for its 2025 annual stress test, aimed at ensuring large banks can continue to lend to households and businesses during a severe
EU & UK Reg Round Up: 11/02/2025
European Banking Authority EBA amends guidelines on ICT and security risk management under DORA - 11 February 2025 The European Banking Authority (EBA) has updated its Guidelines on ICT and security risk management to align with the Digital Operational Resilience Act (DORA), which took effect on 17 January 2025. These
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