- Leverage in NBFI: Final report. This final report addresses financial stability risks created by NBFI leverage, focusing on risks that may arise: (i) in
FSB publishes reports on its work on NBFI
Regulation Around the World: Issue 15 – Open Finance
In this latest issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance, asking six key questions in the following jurisdictions: United Kingdom, United States, Canada, EU, Luxembourg, France, Italy, Poland, Hong Kong, China, UAE, Australia and South Africa.
Read the issue here.
Fed Vice-Chair Bowman aims to improve bank supervision
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.
Members of Congress urge Fed, OCC to rethink leverage rules
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.
SEC Commissioner Pierce makes the case against ESG mandates
SEC Commissioner Hester M. Peirce criticized ESG mandates for distorting capital flows, obscuring material information and rewarding “lobbying prowess.”
The full update can be found here on our US Regulatory Intelligence platform.
New DOJ FCPA guidance focused on vindicating US interests abroad
In February, President Trump signed Executive Order 14209, which paused enforcement of the Foreign Corrupt Practices Act (FCPA) pending new guidance to prosecutors on how the principal US foreign corruption statute would be enforced going forward. On June 9, 2025, Deputy Attorney General Todd Blanche issued the new DOJ guidelines for FCPA investigations
Basel Committee proposes various technical amendments and FAQs
On 10 June 2025, the Basel Committee on Banking Supervision issued proposals for a technical amendment to the Basel Framework concerning the standardised approach for operational risk.
The Basel Committee has also finalised a set of frequently asked questions regarding the standardised approach for credit risk. The deadline for comments on the proposed amendments is
The Basel Framework and regulatory status of gold: clarifying the status-quo
Gold is a commodity like no other. With its monetary function, gold is commonly used as an alternative to foreign exchange (FX) and performs the role of a “safe harbour” asset for professional and retail investors to hedge against uncertainty and volatility in the markets. Gold’s role in the heavily regulated financial markets
Treasury Secretary hints at easing bank capital rules for US Treasuries
MFA requests further extension on Form PF compliance deadline
The Managed Funds Association urged the SEC and the CFTC to further delay the compliance date on new requirements to private fund reporting, citing operational burdens and ongoing regulatory changes.
The full update can be found here on our US Regulatory Intelligence platform.