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GRIP Extra: Fed to publish stress-test models, EDPB backs extending UK GDPR adequacy to Dec 2031
Our in-brief roundup of notable stories from the last week.
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Regional bank loan oversight lapses and borrower fraud disclosures jolt market
Markets take a hit amid broader fears about credit quality and questions over risk assessment.
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US regulators nix agency principles for managing climate-related financial risk
Current staff believe that the climate principles established just two years ago may distract large financial institutions from managing material risks.
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ABA President Rob Nichols outlines upcoming change for compliance regulation
Significant actions to rein in US banking regulation are underway, driven by the Trump administration with aims to spur lending and economic growth.
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Bowman, Bessent emphasize tailored approaches to regulation
Board of Governors’ Vice Chair and Treasury Secretary addressed Community Bank Conference.
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FDIC, OCC seek formal elimination of reputational risk assessments
The notice of proposed rulemaking that would formally end reputational risk assessments comes months after the agencies removed the practice from guidance manuals and internal checklists.
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Synapse Brokerage CEO and CCO charged with misconduct by FINRA
Key alleged shortcomings include unreasonable supervision as well as failing to maintain books and records.
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FDIC issues proposed rulemaking on official sign and advertising rule
The proposal trys to focus the requirements for digital signs on the screens and pages where it would be most relevant for consumers.