It has been almost two years since the banking failures in 2023 and recovery and resolution continue to be a topic that dominates both the political and regulatory agenda. When the new Labour Government issued its legislative agenda in the King's speech in mid-July one of the more notable Bills was the Bank Resolution (Recapitalisation) Bill.

Federal Reserve Governor Michelle W. Bowman urged banking regulators to consider a more flexible regulatory framework that better supports the unique characteristics of community banks.

In the first article of resolution week, we focus on the United States where practitioners might be excused for getting lost in all of the papers that the regulators have recently published. Here is our summary.

In separate cases, two swap execution facilities and a bank settled CFTC charges for failing to properly report data related to swap transactions.

A broker-dealer settled FINRA charges for violating Regulation Best Interest and for failing to supervise outside business activity of its registered representatives.