HVCRE: The Continuing Saga of Lenders
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) have published a joint report on the usability of capital buffers. The report analyses how prudential and resolution frameworks interact, and how...more
Welcome to the inaugural issue of Monthly Deposits: MoFo’s Bank Regulatory Newsletter, which provides an overview of recent developments in U.S. bank regulation, including proposed rules, reforms, and other significant...more
On April 2, the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) filed lawsuits against Arizona, Connecticut, and Illinois, challenging each state’s enforcement actions against CFTC-registered...more
The European Banking Authority (EBA) has published a final report with final draft regulatory technical standards (RTS) amending the framework for assessing the materiality of changes to internal ratings based models under...more
On March 19, 2026, the Federal Reserve Board ("FRB"), Office of the Comptroller of the Currency (“OCC”) and Federal Deposit Insurance Corporation (“FDIC”, collectively, the “Agencies”) released (i) a revised proposal for...more
Many subscription facility lenders will offer management company facilities as a means to further develop their existing relationship with a fund sponsor. A management company facility is typically a revolving facility in...more
On March 19, 2026, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly published two notices of proposed rulemaking, and the Federal Reserve on its own...more
The Basel Committee on Banking Supervision (BCBS) has published a document containing a finalised technical amendment (TA) and a response to a frequently asked question (FAQ) to help promote the consistent global...more
The federal banking agencies have jointly issued proposed rules intended to modernize the regulatory capital framework for banks of all sizes that mark a substantial departure from their approach in 2023 to implement the...more
On March 19, 2026, the Federal Reserve Board (”FRB”), Office of the Comptroller of the Currency (“OCC”) and Federal Deposit Insurance Corporation (“FDIC”, collectively, the “Agencies”) released (i) a revised proposal for...more
On March 19, the Fed, the OCC, and the FDIC issued and requested comment on three proposals to modernize the U.S. regulatory capital framework for banking organizations. Fed Vice Chair for Supervision Michelle Bowman, in a...more
On March 19, 2026, US federal banking regulators issued proposals to: (i) significantly revise the risk-based regulatory capital requirements for Category I and II banking organizations1 (the “Basel III Proposal”); (ii)...more
In a March 12 speech, Fed Vice Chair for Supervision Michelle Bowman announced that the Fed will propose rules in the coming weeks to implement the final phase of Basel III in the U.S. in coordination with the OCC and the...more
The path forward for bank risk-based capital and the GSIB surcharge has been clarified with the release of three rule drafts yesterday: The Basel III proposal (covering large banks), the Standardized approach proposal (all...more
A Complete Reset- Federal banking regulators this week unveiled a comprehensive package of proposals that will reshape how America's banks manage capital for years to come. If you've been following the saga of "Basel...more
On March 13, President Trump issued two executive orders (EOs) aimed at increasing housing affordability: “Promoting Access to Mortgage Credit” and “Removing Regulatory Barriers to Affordable Home Construction.” The EOs...more
The draft Capital Requirements Regulation (Market Risk Transitional Provision) Regulations 2026 have been published, together with a draft explanatory memorandum. The draft Regulations relate to changes to the UK...more
On February 16, the Fed’s Vice Chair for Supervision Michelle Bowman discussed proposed changes to the Basel capital framework aimed at encouraging banks to re-engage in mortgage origination and servicing. She noted that...more
On February 26, Fed Vice Chair for Supervision Michelle Bowman, FDIC Chair Travis Hill, Comptroller of the Currency Jonathan Gould, and NCUA Chair Kyle Hauptman testified before the Senate Committee on Banking, Housing, and...more
In opening remarks at the Federal Reserve Bank of Atlanta’s 2026 Banking Outlook Conference, Federal Reserve Vice Chair for Supervision Michelle Bowman outlined what she described as “the next horizon in banking” — a...more
HM Treasury (HMT) has published a policy update response on applying the Financial Services and Markets Act 2000 model of regulation to the UK Capital Requirements Regulation (UK CRR), following its July 2025 consultation on...more
The European Banking Authority (EBA) published final guidelines on proportionate retail diversification methods under Article 123(1) of the Capital Requirements Regulation (CRR). The guidelines seek to establish a harmonised...more
On February 10, the Fed, OCC and FDIC rescinded public FAQs from October 2017 related to the 2014 Liquidity Coverage Ratio (LCR) rule (covered by InfoBytes here), leaving the FAQs online while signaling plans to seek public...more
In this article we explore the latest developments in prudential regulation across the UK and EU, including the ongoing developments with respect to Basel implementation, the emerging prudential regimes for cryptoassets and...more
The UK Prudential Regulation Authority (PRA) has published final policy statement PS1/26 on the implementation of the Basel 3.1 standards in the UK, together with associated supervisory statements, statements of policy and...more