Our Take
Change remains a constant in financial services regulation . Read "our take" on the latest developments and what they mean. Current topics - September 6, 2024 1. Fed announces final large bank capital requirement with first successful appeal 2. FinCEN expands AML requirements to investment advisers 3. Updates on rulemaking legal action 4.
Scope and methodology This report synthesizes June 2024 updates published across the official channels listed in the request, emphasizing items with direct supervisory, reporting, enforcement, sanctions, cybersecurity, or market conduct impact. Key publishers covered in this June 2024 review include Federal Deposit Insurance Corporation[1], Office of the Comptroller of the Currency[2], Board ...
Our Take
Change remains a constant in financial services regulation . Read "our take" on the latest developments and what they mean. Current topics - August 9, 2024 1. Fed and FDIC finalize large bank resolution planning guidance 2. FDIC proposes ILC and brokered deposit modifications; requests information on deposits 3.
Explore the latest Accounting Standards Updates issued by FASB for 2024 , including comprehensive guidelines and updates on income statement reporting and expense disaggregation.
Regulatory Compliance Financial Crimes Update
Our market updates cover recent legislation, recent regulatory enforcement actions, and our insights into what we expect going forward.
The Consumer Financial Protection Bureau (Bureau) is issuing a final rule amending the official commentary that interprets the requirements of the Bureau's Regulation C (Home Mortgage Disclosure) to reflect the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the average ...
The Fed
Resolution Plan Guidance for Certain Large Banks In August 2024 , the Federal Reserve Board and the FDIC issued final joint guidance to help certain large banks further develop their resolution plans. These resolution plans, also known as living wills, describe a bank's strategy for orderly resolution under bankruptcy in the event of material financial distress or failure. The guidance ...
FRB Reports: Supervision and Regulation ; Financial Stability Semiannual reports highlighting supervisory and regulatory developments, supervisory priorities, and financial system risks
Spring 2024 Regulatory Agendas
July 2024Looking ahead to the end of 2024 and early 2025, federal regulatory agencies (including the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), Federal Reserve Board (FRB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the ...
In February 2024 , the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (federal bank regulatory agencies) announced the first of a series of requests for comment to reduce regulatory burden. 20 The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the ...