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ESG 30029_2

The draft guidelines outline expectations for institutions to adopt forward-looking strategies and incorporate scenario analysis into their management framework to assess resilience against the negative impacts of ESG factors.

By Axel Schiemann, Paul A. Davies, and Nicola Higgs

On 16 January 2025, the European Banking Authority (EBA) launched a public consultation on its draft guidelines on ESG scenario analysis. The draft guidelines have been developed in line with the EBA’s roadmap on sustainable finance as part of the…

South Portico

“Fair access” banking laws, at the epicenter of the debates between ESG and “anti-woke” regulation and federal/state preemption, may see a resurgence under the incoming administration.

By Betty M. Huber, Arthur S. Long, Pia Naib, Austin J. Pierce, and Deric Behar

In recent years, the landscape of “fair access” banking laws, now also known as “anti-debanking” laws, has changed as quickly as the shifting political climate.

Federal and state fair access laws and regulations are legislative…

banking

By Arthur Long and Pia Naib

In 2024, the US federal bank regulators were extremely active, with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation. Climate issues and resolution planning were also areas of focus.

With the election of Donald J. Trump to a second term as president of the US, however, the next four years will be a time of deregulation.

Read this article that discusses the regulators’ initiatives and their likely future…

Big Ben London England by Night

When the Edinburgh Reforms were announced on 9 December 2022, they were billed as an ambitious set of reforms. Two years on, we assess which of the measures have been completed, which remain outstanding, and whether they have delivered on the agenda set out.

We also reflect on the recent Mansion House announcements, which have reset the future of regulatory reform.

Read the full report.

banking

Proposals reflect drive to enhance the competitiveness of the UK regulatory landscape.

By Rob Moulton, Kendall Burnett, Sarah Gadd, Charlie Bowden, and Charlotte Collins

On 26 November 2024, the PRA and the FCA published a joint Consultation Paper on changes to the remuneration rules (PRA CP16/24, FCA CP24/24). The changes are relevant to banks, building societies, and PRA-designated investment firms.

While the amendments to the rules on deferrals and retention had been previewed by both the…

Global inflation rate 2022 problem stockmarket and risk asset stockmarket crash

Significant concerns of many groups remain.

By Arthur S. Long, Roman Martinez, Pia Naib, and Jordan R. Goldberg

On September 10, 2024, Federal Reserve Vice Chair for Supervision Michael Barr gave a speech (the Barr Speech) in which he outlined the principal changes that he would recommend to the full Board of Governors in a re-proposed rule to implement the Basel Endgame (the Re-Proposal).

The Basel Endgame would overhaul the methods by which large banking organizations…

banking

Regulators seek to provide clarity and transparency on the bank merger review process, but changes may increase application complexity and unpredictability.

By Arthur S. Long, Pia Naib, and Deric Behar

Consistent with ongoing initiatives to strengthen US antitrust regulation,1 the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice (DOJ) recently announced changes that may reshape the landscape of bank mergers. These updated rules, policies, and guidelines…

Abstract Glass Architecture

The proposal would establish stricter oversight of certain transactions and responds to concerns that large asset managers may be exerting influence on FDIC-supervised institutions.

By Arthur S. Long, Pia Naib, and Deric Behar

On July 30, 2024, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a Notice of Proposed Rulemaking to amend the agency’s regulations under the Change in Bank Control Act1 (the Proposal)2. The Proposal would require advance notice to…

Abstract Glass Architecture

The proposal seeks to enhance Bank Secrecy Act compliance by aligning the agencies’ AML/CFT program requirements for banks with FinCEN’s requirements.

By Arthur S. Long, Pia Naib, and Deric Behar

On July 19, 2024, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) (collectively, the Agencies) issued a joint Notice of Proposed Rulemaking (the Proposed…

Modern building facade

OCC-supervised institutions with $100 billion or more in average total consolidated assets must be adequately prepared to mitigate severe financial and non-financial risks.

By Arthur S. Long, Pia Naib, and Deric Behar

On July 3, 2024, the Office of the Comptroller of the Currency (OCC) issued a proposal (the Proposal) to revise its enforceable recovery planning guidelines1 (the Guidelines) for certain large insured national banks, insured federal savings associations, and insured federal branches of non-US banks (together…