The Financial Stability Oversight Council finalized interpretive guidance and an analytical framework for designating nonbank financial companies for regulation.
News & Insights
A Denmark-based bank settled DOJ and SEC charges for fraud and failure to disclose deficiencies in its AML compliance program related to its Estonian branch.
A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.
Multiple regulatory agencies published semiannual agendas that include rules the agencies are currently considering to propose or promulgate.
Participants in the EU-U.S. Joint Financial Regulatory Forum highlighted cross-border interagency coordination on (i) financial stability, (ii) climate-related financial risks, (iii) banking and insurance regulation and supervision, (iv) capital markets, (v) operational resilience, (vi) digital finance and (vii) AML/CFT compliance.