🚫Special Measures Against CIBanco, Intercam, and Vector by FinCEN
FinCEN is issuing notice of an order amending its three June 2025 orders prohibiting certain transmittals of funds involving CIBanco S.A., Institution de Banca Multiple (CIBanco), Intercam Banco S.A., Instituci[oacute]n de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), financial institutions operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking. This order extends the effective date of the three prior orders by 45 days, to September 4, 2025.
Learn More💼Proposed Modifications to Enhanced Supplementary Leverage Ratio Standards
The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) are inviting public comment on a notice of proposed rulemaking (proposal) to modify the enhanced supplementary leverage ratio standards applicable to U.S. bank holding companies identified as global systemically important bank holding companies (GSIBs) and their depository institution subsidiaries. Specifically, the proposal would modify the enhanced supplementary leverage ratio buffer standard applicable to GSIBs to equal 50 percent of the bank holding company's method 1 surcharge as determined by the Board's GSIB risk-based capital surcharge framework. The proposal would also modify the enhanced supplementary leverage ratio standard for depository institution subsidiaries of GSIBs to have the same form and calibration as the GSIB parent level standard. The proposed modifications would help ensure that the enhanced supplementary leverage ratio standards serve as a backstop to risk-based capital requirements rather than as a constraint that is frequently binding over time and through most points in the economic and credit cycle, thus reducing potential disincentives for GSIBs and their depository institution subsidiaries to participate in low-risk, low-return businesses. The Board is also proposing to amend its total loss-absorbing capacity and long-term debt requirements to maintain alignment between these requirements and the enhanced supplementary leverage ratio standards. The OCC is proposing to revise the methodology it uses to identify which national banks and Federal savings associations are subject to the enhanced supplementary leverage ratio standards to better align with the agencies' regulatory tailoring framework for large banking organizations and ensure that the standards apply only to those national banks and Federal savings associations that are subsidiaries of a GSIB. The Board is also proposing to make conforming amendments to relevant regulatory reporting forms. The Board and FDIC are also proposing to make certain technical corrections to the capital rule.
Learn More💼Proposed Changes to Call Report
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend for three years the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051), which is currently an approved collection of information. The agencies are proposing revisions to the Call Report related to proposed revisions to the enhanced supplementary leverage ratio standard applicable to depository institution subsidiaries of global systemically important bank holding companies under the agencies' regulatory capital rules.
Learn More🏦Regulatory Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System announces applications for the formation and acquisition of bank holding companies, including details for public comment. The notice outlines compliance requirements under the Bank Holding Company Act, offering transparency in the approval process and inviting stakeholder engagement on related mergers and acquisitions within the banking sector.
Learn More🏦FDIC Requests Comments on Agency Information Collection Activities
The Federal Deposit Insurance Corporation (FDIC), as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0152; -0190 and -0207). The notices of proposed renewal for these information collections were previously published in the Federal Register on April 25, 2025, allowing for a 60-day comment period.
Learn More🏦Change in Bank Control Notices
The Federal Reserve announces new applications under the Change in Bank Control Act related to acquisitions of shares in banks and bank holding companies. It outlines the public comment process, inspection of applications, and disclosure of comments, emphasizing transparency in the regulatory framework. Interested parties can submit their views and obtain application details from respective Federal Reserve Banks.
Learn More🏦Regulatory Notice on Bank Holding Company Acquisitions and Mergers
This notice from the Federal Reserve System details applications for bank holding companies to acquire other banks and assets. It invites public comments on these applications and outlines the regulatory framework governing such mergers and acquisitions under the Bank Holding Company Act. Interested parties are encouraged to review and submit their views regarding the applications presented.
Learn More🏦Change in Bank Control Notices
The Federal Reserve has issued a notice regarding applications for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. It outlines the public comment period and regulatory considerations that applicants must navigate, emphasizing transparency and compliance in financial transactions.
Learn More⚖️Overview of International Criminal Court-Related Sanctions Regulations
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adding regulations to implement a February 6, 2025 International Criminal Court-related Executive order. The rule also includes information relevant to a May 9, 2025 Executive order relating to requirements for final rules published in the Federal Register. OFAC intends to supplement these regulations with a more comprehensive set of regulations, which may include additional interpretive guidance and definitions, general licenses, and other regulatory provisions.
Learn More🚫FinCEN Prohibits Funds Transmittals Involving Intercam Banco
FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Intercam Banco S.A., Instituci[oacute]n de Banca Multiple, a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.
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