Regulatory Updates
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)
US Reg Round Up: 19/09/2024
Federal Reserve The FED issues FOMC statement - 18 September 2024 The Federal Reserve's Federal Open Market Committee (FOMC) recently announced that economic activity continues to expand at a solid pace, although job gains have slowed and the unemployment rate, while low, has increased slightly. Inflation is making
EU & UK Reg Round Up: 19/09/2024
European Banking Authority EBA issues revised list of validation rules - 12 September 2024 The European Banking Authority (EBA) has released a revised list of validation rules under its Implementing Technical Standards (ITS) on supervisory reporting. The update highlights rules that have been deactivated due to either incorrectness or IT
US Reg Round Up: 29/07/2024
Federal Reserve 2024 CRA list released for distressed and underserved nonmetropolitan areas - 12 July 2024 Federal bank regulatory agencies have published the 2024 list identifying distressed or underserved nonmetropolitan middle-income areas where certain bank activities can earn Community Reinvestment Act (CRA) credit. This list helps assess a bank'
EU & UK Reg Round Up: 29/07/2024
European Banking Authority EBA updates list of systematically important institutions - 11 July 2024 The EBA has updated the list of other systemically important institutions (O-SIIs) in the EU, based on data from year-end 2023. This list, along with the list of global systemically important institutions (G-SIIs), is created using
US Reg Round Up: 18/06/2024
Securities and Exchange Commission SEC invites regulated entities to submit self-assessment of diversity- 5 June 2024 The Securities and Exchange Commission (SEC) has initiated its biennial collection of Diversity Self-Assessment Submissions from regulated entities. This process allows organizations to evaluate their diversity and inclusion policies, identifying strengths, opportunities, risks, and
EU & UK Reg Round Up: 18/06/2024
European Banking Authority EBA issues Opinion on adjusting the risk weight for commercial immovable properties - 7 June 2024 The Norwegian Ministry of Finance notified the EBA about their intention to amend the risk weights for exposures secured by mortgages on commercial immovable property. The EBA acknowledges the concerns raised