In this issue:

- European Banking Authority’s Second Report on Impact of Liquidity Coverage Ratio

- Delegated Regulations under CRD IV Published in Official Journal of the European Union

- Prudential Regulation Authority Consultation on Capital Adequacy under CRD IV

- Capital Buffers and Macro-prudential Measures Amendment Regulations Published

- US Securities and Exchange Commission Adopts Final Rules Concerning Security-Based Swap Data Repositories

- Memorandum of Understanding between European Securities and Markets Authority and Hong Kong Securities and Futures Commission

- US-EU Financial Market Regulatory Dialogue Meeting

- The US Office of the Comptroller of the Currency Issues Revised Comptroller’s Handbook Booklets

- US Securities and Exchange Commission Fee Rate Advisory #3 for Fiscal Year 2015

- US Agencies Release Public Sections of Resolution Plans

- European Banking Authority Consults on Procedures, Forms and Templates under the Bank Recovery and Resolution Directive

- Delegated Regulation under the Bank Recovery and Resolution Directive Published in Official Journal of the European Union

- UK Regulators Publish Final Rules Implementing the Bank Recovery and Resolution Directive

- New US Federal Deposit Insurance Corporation General Counsel

- New CEO for UK Banking Standards Review Council

- Three New Heads of Department Appointed by UK Payment Systems Regulator

- Excerpt from European Banking Authority’s Second Report on Impact of Liquidity Coverage Ratio:

On January 15, 2015, the European Banking Authority (“EBA”) published its second impact assessment report for the liquidity coverage ratio (“LCR”) requirements under the Capital Requirements Directive IV (“CRD IV”) package. The report is based on data provided by 322 European banks and concludes that the LCR is not expected to have a material detrimental impact on the business and risk profile of EU-established institutions. This is mainly because EU institutions have significantly improved their compliance with LCR requirements and the potential for making adjustments to balance sheets to meet LCR requirements.