In this issue:

- US Federal Banking Agencies Post Public Sections of Resolution Plans

- US Office of the Comptroller of the Currency Report Discusses Risks Facing National Banks and Federal Savings Associations

- European Banking Authority Publishes Semi-Annual Report on Risks in the European Banking Sector

- European Banking Authority Opinion and Amended Draft Regulatory Technical Standards on Derogations for Currencies with Constraints on Availability of Liquid Assets

- European Supervisory Authorities Consult on Draft Guidelines for the Prudential Assessment of Acquisitions and Qualifying Holdings

- European Banking Authority Consults on Draft Regulatory Technical Standards for Capital Requirements for Mortgage Exposures

- Bank of England Publishes Financial Stability Report Identifying Main Current Risks in UK Financial System

- UK Financial Policy Committee Publishes Policy Statement on New UK Leverage Ratio Framework

- Basel Committee on Banking Supervision Report on Impact and Accountability of Banking Supervision

- Basel Committee on Banking Supervision Consults on Review of the Credit Valuation Adjustment Risk Framework

- UK Regulator Announces New Depositor Protection Limit and Other Changes to the Depositor Protection Regime

- Board of International Organization of Securities Commissions Seeks Better Understanding of Credit Rating Agency Industry

- European Securities and Markets Authority Final Report on Extension of Scope of Interoperability Arrangements

- European Securities and Markets Authority Consults on Implementing the Buy-in Process under the Central Securities Depositories Regulation

- UK Payment Systems Regulator Publishes Final Terms of Reference for Market Review on Payments System Infrastructure

- Final Draft Technical Standards under Markets in Financial Instruments Regulation and Markets in Financial Instruments Directive II

- European Securities and Markets Authority Q&As on Anti-Money Laundering and Terrorist Financing in Investment-Based Crowdfunding Platforms

- Final Draft Technical Standards under Bank Recovery and Resolution Directive

- Financial Stability Board Launches Peer Review on Implementation of Shadow Banking Framework

- UK Competition and Markets Authority Appoints New Executive Director for Enforcement

- US Securities and Exchange Commission Reappoints Public Company Accounting Oversight Board Member

- Upcoming Events

- Contacts

- Excerpt from US Office of the Comptroller of the Currency Report Discusses Risks Facing National Banks and Federal Savings Associations:

On June 30, 2015, the US Office of the Comptroller of the Currency issued its report discussing the various risks and supervisory concerns facing national banks and federal savings associations. The report, titled Semiannual Risk Perspective for spring 2015, is based on data collected through to the end of 2014. Topics discussed as top areas of concern, amongst others, include evolving cyber threats and information technology vulnerabilities, compliance with new mortgage lending requirements and Bank Secrecy Act/Anti-Money Laundering risks. In addition, declining revenues and profitability, competition for limited lending opportunities resulting in loosening underwriting standards and layering of risk as well as a prolonged low interest rate environment were also discussed in the report as areas of risk for OCC-supervised institutions.

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