Regulatory Updates
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
US Reg Round Up: 27/05/2024
Federal Reserve Agencies announce inflation-adjusted dollar thresholds for Regulation CC - 13 May 2024 The Fed and the Consumer Financial Protection Bureau have both updated the inflation dollar amounts relating to the availability of customer funds. These changes affect Regulation CC, including minimum amounts of deposited funds that banks must
EU & UK Reg Round Up: 27/05/2024
European Banking Authority EBA launch a consultation on its draft RTS regarding the equivalent mechanism for unfinished property - 13 May 2024 The consultation is regarding the draft RTS under the CRR3 regulation where they specify new conditions that a legal mechanism should meet to recognise a property under construction
US Reg Round Up: 09/05/2024
Federal Reserve The FED to extend the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services - 24 April 2024 The FED announce extension to the public comment period until May 31, 2024, for Capital One Financial Corporation’s application to acquire Discover
EU & UK Reg Round Up: 09/05/2024
European Banking Authority EBA launch a public consultation on the specification of long and short positions - 24 April 2024 This public consultation will focus on identifying the main risk driver and determining whether a transaction represents a long or short position. This comes under the derogations for market and
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