On 19 June 2026, the Prudential Regulation Authority (PRA) published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK.
Background
The PRA published the final rules and policy for the IMA in policy statement (PS) 1/26 – Implementation of Basel 3.1: Final…
On 19 June 2026, the Bank of England (BoE) published a report setting out its findings and observations from the 2025 central counterparties (CCP) Global Default Simulation (CIDS) exercise and identified areas for consideration in the development of CCPs’ default management processes and future exercises.
Background
In November 2025, 38 CCPs around the globe, together…
On 19 June 2026, the Bank of England (BoE) announced the launch of the scenario phase of the private markets system-wide exploratory scenario. The BoE has also sent participants a hypothetical stress scenario that details a severe, but plausible, global macro-economic recession over a five-year period.
Background
In December 2025, the BoE launched its second…
The SpaceX IPO is now history, but Senator Elizabeth Warren may not be happy about it. A few days before the IPO was completed, Senator Warren sent a letter to SEC Chair Paul Atkins about the IPO. The letter is full of impassioned (some might say melodramatic) prose about the horrors that await those who…
On 17 June 2026, the Financial Conduct Authority (FCA) published a speech delivered by Therese Chambers, joint executive director of enforcement and market oversight, regarding financial crime supervision and enforcement, which had been delivered at the International Bar Association Anti-Corruption Conference.
Key points of note from the speech include:
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On May 12, 2026, we produced a 90-minute webinar in which we explored one of the most important and rapidly developing issues in consumer financial services law: coerced debt and the emerging legislative efforts designed to address it. The webinar has been re-purposed into a two-part podcast series, the first of which was released this…
In Zeller v. Allen, William and Elizabeth Moncrief created a trust in 1966 that would distribute to Tex’s children and lineal descendants upon his death. No. 13-24-00200-CV, 2025 Tex. App. LEXIS 8941 (Tex. App.—Corpus Christi November 20, 2025, pet. filed). Charles Moncrief (Tex’s son) died in January 2021, and Tex died in December 2021. DNA…
In In re Est. of Terrell, the decedent Sue died on May 15, 2010. No. 12-25-00177-CV, 2025 Tex. App. LEXIS 8901 (Tex. App.—Tyler November 19, 2025, pet. denied). In August 2022, Sue’s son Donald Ray Terrell filed an application for independent administration of Sue’s estate. After learning that Sue had a will, Donald filed an…
Banking trade groups uniformly support the nomination of former CFPB executive Brian Johnson to head the bureau.
“Brian has a distinguished track record in bank regulatory policy both at the Bureau and on Capitol Hill, and he will bring a thoughtful approach to setting the Bureau’s priorities in the years ahead if confirmed,” said Rob…
For many asset-based lenders (“ABLs”) that do not take deposits, CRD VI’s branch requirements will not apply directly — but reliance on the non-bank carve-out requires careful, structure-specific analysis, and does not eliminate all regulatory risk.
General
CRD VI (Directive 2024/1619) introduces an EU-wide framework governing how non-EU undertakings may provide core banking services to…
