In 2020, several federal regulatory changes affected banking organizations, such as the finalization of the long-awaited Federal Reserve Board “control” regulations and the revision of the “covered funds” prong of the Volcker Rule. But, what is ahead for 2021 in the regulatory sphere for banking organizations?

In her latest New York Law Journal column, “International banking: a look back at 2020 and a preview of 2021,” Kathleen Scott, Senior Counsel in the New York Office of Norton Rose Fulbright, looks back at some regulatory changes in 2020 focusing on internationally active banking organizations, and a look ahead for the regulatory landscape for 2021. Nevertheless, the items discussed are applicable to all banking organizations generally.