Regulatory Updates
US Reg Round Up: 24/04/2024
Office of the comptroller of the Currency (OCC) OCC to extend comment period for proposed rulemaking and policy statements on banking mergers - 10 April 2024 Following the policy statement by the OCC’s review of applications under the Bank Merger Act, the announced that they will extend the comment
EU & UK Reg Round Up: 24/04/2024
European Banking Authority DPM 2.0 standard in the works - 16 April 2024 The EBA, EIOPA, and ECB are all collaborating to create a data point model (DPM) alliance between the three regulatory bodies, and release DPM Standard 2.0. This is following last week’s update on how
US Reg Round Up: 04/04/2024
Federal Reserve The Federal Reserve release their annual financial statements - 26 March 2024 The board released all the individual and combined statements for the board, the 12 Federal Reserve Banks, and 3 LLCs related to lending facilities created by the Fed to support the pandemic response. The total assets
EU & UK Reg Round Up: 04/04/2024
European Banking Authority EBA have released a revised list of ITS validation rules - 22 March 2024 The EBA have published a revised list of ITS validations on supervisory reporting, within the list of revised validations the EBA have deactivated some of them either because of incorrectness or for triggering
EU & UK Reg Round Up: 14/03/2024
European Banking Authority EBA have published a final draft technical standards on complaints handling - 13 March 2024 The draft RTS sets out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). This fulfils the mandate set by the EBA on regulating the
US Reg Round Up: 14/03/2024
Federal Reserve FED release final rule that updating risk management requirements for FMUs - 08 March 2024 The Federal Reserve Board has issued a final rule updating risk management requirements for certain systemically important financial market utilities (FMUs). These updates offer guidance on risk management practices that FMUs must adhere
US Reg Round Up: 06/03/2024
Federal Reserve FED’s minutes of the meeting for determining the discount rate has been released - 27 February 2024 In a joint meeting with the FOMC and the Board they decided to maintain the federal funds rate at 5.25 - 5.5 percent. The board also approved maintaining
EU & UK Reg Round Up: 06/03/2024
European Banking Authority EBA are consulting on amendments to implement the Basel III reforms - 20 February 2024 The EBA have launched two public consultations on two draft ITS, one for amending Pillar 3 disclosures and supervisory reporting requirements for operational risk. The proposed amendments align with the new CRR3
US Reg Round Up: 17/02/2024
Federal Reserve The FED release hypothetical scenarios for its annual stress test - 15 February 2024 For the first time, the board released four hypothetical elements which are designed to test the different risks the banking system may experience. The hypothetical recession scenarios the FED have proposed extend to two
EU & UK Reg Round Up: 17/02/2024
European Banking Authority The EBA have released taxonomy 3.4 to its reporting framework -06 February 2024 This package includes the validation rules, the Data Point Model (DPM), and the XBRL taxonomies to now support the amendments to the reporting requirements. This new reporting framework will be expected to apply