In this issue:

- US Federal Deposit Insurance Corporation Issues Proposal Revising Provisions of Securitization Safe Harbor Rule

- US Federal Deposit Insurance Corporation Issues Proposal Amending Regulations Related to “Fair Credit Reporting”

- US Federal Reserve Board Issues Interim Final Rule Raising Threshold for Regulatory Capital Requirements for Qualifying Small Bank Holding Companies

- European Central Bank Addresses Significant Banks on Practices under New Supervisory Framework

- UK HM Treasury Publishes Outcome of its Consultation on Leverage Ratio Framework

- Basel Committee on Banking Supervision Final Standard for Revised Pillar 3 Disclosure Requirements

- US Consumer Financial Protection Bureau Releases Bulletin on Treatment of Confidential Supervisory Information

- US Federal Deposit Insurance Corporation Releases Second Video on CFPB Mortgage Rules

- US Consumer Financial Protection Bureau Issues Proposed Amendments to Mortgage Rules

- Opinion on Draft RTS on Clearing Obligation for Interest Rate Swaps under EMIR

- International Organization of Securities Commissions’ Final Report on Risk Mitigation Standards for Non-Centrally Cleared OTC

- Derivatives

- Enforcement Powers over Auditors and Actuaries Granted to UK Regulators

- Launch of Global Legal Entity Identifier Foundation Website

- European Commission Launches Plans to Establish Capital Markets Union

- UK Regulator Consults on New Rules for Depositor, Dormant Account and Policyholder Protection

- US Office of the Comptroller of the Currency Announces New Deputy Comptroller for Special Supervision

- US Security and Exchange Commission Chair’s Chief Counsel to Leave

- Securities and Exchange Commission Announces New Regional Director

- Bank of England Announces New Appointments to Executive Team

- Excerpt from US Federal Deposit Insurance Corporation Issues Proposal Revising Provisions of Securitization Safe Harbor Rule:

On January 21, 2015, the US Federal Deposit Insurance Corporation (“FDIC”) issued a proposed rule revising certain provisions of the Securitization Safe Harbor rule regarding the treatment of financial assets transferred in the process of a securitization or participation in a FDIC receivership. The rule, if finalized as proposed, would clarify the retention of economic interest in the credit risk of securitized financial assets. The amendment would be effective on the same timeline as the credit risk retention rule adopted under Section 15G of the Securities Exchange Act.