On 24 February 2026, the Securities and Exchange Commission (SEC) announced the first comprehensive update to the agency’s Enforcement Manual since 2017, formalizing key aspects of how the Division of Enforcement investigates, charges and resolves alleged violations of federal securities laws. Many of the policy changes were announced by SEC leadership and implemented
Recent statements and staff actions by the Securities and Exchange Commission and the Commodity Futures Trading Commission reflect a meaningful shift toward a more structured and harmonized regulatory approach to digital assets that should assist in the integration of digital assets within US financial markets.
Read our alert here.
On February 17, 2026, the CFTC filed an amicus brief in the US Court of Appeals for the Ninth Circuit case North American Derivatives Exchange, Inc. v. State of Nevada, marking the agency’s first formal judicial intervention in the rapidly expanding litigation over the legal status of event contracts and prediction markets.
See
On 24 February 2026, the US Attorney’s Office for the Southern District of New York announced a new Corporate Enforcement and Voluntary Self Disclosure Program for Financial Crimes (the Program) which offers eligible companies a clear, two step path to a declination for fraud or financial misconduct affecting market integrity.
In our latest
Introduction
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is limited uniformity in regulation as financial
In the latest edition of our podcast series, Split the Difference, Mark Highman, Hannah Meakin, Sebastian Souchet and Simon Lovegrove discuss the US and UK markets related developments that practitioners should look out for in 2026.
Listen to this episode here.
On October 8, 2025, the Financial Crimes Enforcement Network — jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Office of the Comptroller of the Currency — issued answers to frequently asked questions that clarified when and how financial institutions should
On 22 July 2025, the Wolfsberg Group issued a statement which re-establishes its commitment to the risk-based-approach (RBA). It includes a pledge to update the Wolfsberg Group’s 2006 RBA guidance, along with other documents that touch on the RBA, such as the 2015 FAQs on risk assessments.
Newly sworn-in Federal Reserve Board Vice-Chair for Supervision Michelle W. Bowman laid out her “pragmatic” agenda to improve bank supervision and regulation.
The full update can be found here on our US Regulatory Intelligence platform.
A bipartisan group of House Financial Services Committee members pressed the Federal Reserve and OCC to move forward with long-promised reforms to bank leverage ratios that are constraining liquidity in the US Treasury market.
The full update can be found here on our US Regulatory Intelligence platform.