Regulatory Updates
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
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