Week of June 22 - 28, 2026

🗓️ June 22, 2026

• Federal Reserve notes with deep sadness the passing of Alan Greenspan. The Federal Reserve notes with deep sadness the passing of Alan Greenspan, who served as the 13th Chairman of the Board of Governors from 1987 to 2006. During his tenure, he guided the Federal Reserve through significant economic changes, achieving a sustained era of price stability and establishing the institution’s credibility. His legacy endures through those he mentored and the frameworks he helped shape, and the Federal Reserve extends its deepest condolences to his wife, Andrea Mitchell, and to his family. 🔗 Read more
• CFTC Seeks Public Comment on the Extension of Standard Futures Contracts to 24/7 Trading and on Perpetual Contracts Referencing Physically Delivered or Storable Energy Commodities. Washington - The Commodity Futures Trading Commission has issued a request for comment on the extension of standard futures contracts to 24/7 trading and the potential listing of perpetual contracts referencing physically delivered or storable energy commodities. Chairman Michael S. Selig emphasized the need for a clear, data-driven record to understand these developments’ implications while supporting responsible innovation. Comments must be submitted in writing within 30 days of the request’s publication in the Federal Register. 🔗 Read more
• FDIC Statement on the Passing of Chairman William Isaac. Washington - The Federal Deposit Insurance Corporation (FDIC) is saddened by the passing of former Chairman William Isaac, who served from 1981 to 1985 and was the youngest Chairman in the agency’s history at that time. During his tenure, he led the federal response to the banking and savings and loan crises of the 1980s, helping to maintain stability in the financial system despite the failure of about 3,000 banks and thrifts. His contributions significantly influenced discussions on bank supervision, resolution practices, and deposit insurance policy. 🔗 Read more
• Latest EBA MREL dashboard shows that MREL requirements range from 25% to 29% of risk-weighted assets, depending on bank category, while bail-in remains the preferred resolution strategy. The European Banking Authority’s latest semi-annual dashboard on MREL provides an update on resolution planning and resource utilization by banks, highlighting that as of December 2025, bail-in is the preferred resolution strategy for risk-weighed assets. The dashboard reports that MREL requirements are 28.9% of RWAs for G-SIIs, 28.4% for top-tier and “fished” banks, and 24.6% for other banks, with rollover needs reaching EUR 231 billion for instruments set to become ineligible by December 2026. Banks primarily meet MREL requirements through own funds instruments, with G-SIIs and top-tier/fished banks relying on senior non-preferred and unsecured debt, while other banks depend more on senior unsecured debt. 🔗 Read more
• EBA updates Pillar 3 disclosure requirements on ESG risks, equity and shadow banking exposures, as part of simplification effort. The European Banking Authority (EBA) has published its final draft Implementing Technical Standards (ITS) to amend the Pillar 3 disclosure framework, introducing requirements on ESG risks and equity and shadow banking exposures. These ITS align with the European Sustainability Reporting Standards (ESRS) and aim to streamline and enhance the usability of existing requirements, with a “core plus supplement” approach that reduces datapoints for large, medium, and small institutions. The ITS will be submitted to the European Commission for adoption, with expected application dates of 31 December 2026, and 31 December 2027 for SNCIs. 🔗 Read more
• ESMA publishes the register of external reviewers under the EuGB Regulation. The European Securities and Markets Authority (ESMA) has published a register of firms authorized to act as external reviewers of European Green Bonds, ensuring compliance with EU Taxonomy requirements and boosting investor confidence. As of 22 June 2026, these reviewers must comply with the EuGB Regulation, including senior management accountability and conflict of interest management, and those from the transitional regime must cease activities. ESMA has also created a separate register for firms that provided reviews during the transitional period, detailing their active periods. 🔗 Read more‍
  

🗓️ June 23, 2026

• SEC Charges New Jersey Man and His Company in Connection with Alleged Insider Trading. The Securities and Exchange Commission charged Justin Jennings and Vortex Strategies LLC with insider trading, alleging that Jennings misappropriated material nonpublic information from his romantic partner to trade securities ahead of corporate announcements, resulting in illicit profits of approximately $2.7 million. The SEC’s complaint, filed in U.S. District Court for the District of New Jersey, accuses them of violating antifraud provisions and seeks permanent injunctions, disgorgement, and civil penalties. In a parallel action, the U.S. Attorney’s Office for the District of New Jersey announced criminal charges against Jennings. 🔗 Read more
• CFTC Sues Kentucky to Prevent Violation of CFTC’s Exclusive Jurisdiction. Washington - The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kentucky to prevent the state from using its laws to shut down CFTC-registered contract markets. Kentucky’s actions, including civil enforcement and a new transaction fee, aim to discourage these platforms, conflicting with federal preemption. CFTC Chairman Michael S. Selig emphasized the importance of prediction markets and the Commission’s commitment to its jurisdiction, noting similar legal actions against other states. 🔗 Read more
  

🗓️ June 24, 2026

• Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. The Federal Reserve Board’s annual bank stress test revealed that large banks are well-prepared to withstand a severe recession, maintaining their ability to lend despite absorbing over $708 billion in hypothetical loan losses. Capital declined only 1.6 percentage points, staying above minimum requirements, with all 32 banks tested remaining above their minimum common equity tier 1 capital requirements. The test included a severe global recession scenario with significant declines in real estate prices and a peak unemployment rate of 10 percent, influenced by factors such as higher loan losses, lower unrealized gains, and increased interest income. 🔗 Read more
• SEC Appoints Kathleen Hutchinson as Director of Office of International Affairs. Washington D.C. - The Securities and Exchange Commission has appointed Kathleen M. Hutchinson as Director of the Office of International Affairs (OIA), where she has served as Acting Director since January 2025. Ms. Hutchinson, who joined the SEC in 2003, has held various positions in OIA and has been recognized by SEC Chairman Paul S. Atkins for her dedication and leadership in international policy and cooperation. She expressed her commitment to advancing the SEC’s international priorities and thanked Chairman Atkins for the opportunity. 🔗 Read more
• SEC Files Settled Action as to New York-based Investment Adviser Charged with Defrauding Investors. The Securities and Exchange Commission filed settled charges against New York resident and investment adviser Giovanni Pennetta for allegedly defrauding investors of over $10.5 million through his fund NextGenTech Investments LLC. Pennetta falsely represented that he or his companies owned or had access to shares of a private company, misappropriating over $6.2 million for personal use instead of purchasing shares. He consented to a judgment enjoining him from violating federal securities laws and has pleaded guilty to wire fraud in a parallel criminal action. 🔗 Read more
• SEC Files Settled Actions Against Unregistered Sales Agents Who Helped Raise Millions in Alleged $56 Million South Florida Real Estate Ponzi Scheme. The Securities and Exchange Commission (SEC) settled actions against Sanders Family Office, LLC, Margaret Sanders, and Francisco J. Herrera for their involvement in a fraudulent securities offering by Wells Real Estate Investment, LLC, which raised at least $56 million from approximately 660 investors. Sanders Family Office and Sanders, without admitting wrongdoing, agreed to a judgment that includes disgorgement and penalties, while Herrera also consented to a judgment with potential disgorgement and penalties. The SEC previously charged Wells Real Estate, Janalie C. Bingham, and Jean Joseph with operating an unregistered Ponzi scheme, resulting in consent judgments and criminal charges, with both Joseph and Bingham pleading guilty. 🔗 Read more
• EIOPA’s Financial Stability Report shows continued resilience in insurance amid geopolitical uncertainty and evolving structural risks. The European Insurance and Occupational Pensions Authority (EIOPA) released its June 2026 Financial Stability Report, highlighting the resilience of the European insurance and occupational pensions sectors amid moderate growth, geopolitical uncertainty, and structural risks. Despite market volatility, strong capitalisation and liquidity have helped these sectors absorb challenges, though they face vulnerabilities from financial markets, operational risks, and claims inflation. The report also examines the impact of geopolitical tensions, trade fragmentation, and AI on financial stability, noting the sectors’ continued stability and the need to monitor risks related to natural catastrophes and private markets. 🔗 Read more
  

🗓️ June 25, 2026

• Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc. The Federal Reserve Board announced a consent cease-and-desist order against Jason Burns, President and director of Bank of Eufaula and director of S N B Bancshares, Inc., in Eufaula, Oklahoma, due to unsafe lending practices. 🔗 Read more
• Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc. The Federal Reserve Board announced the termination of the enforcement action against Jiko Group, Inc., located in San Francisco, California. The Cease and Desist Order, dated July 16, 2024, will be terminated on June 23, 2026. 🔗 Read more
• SEC Obtains Final Consent Judgment as to Sales Manager Charged in Alleged Fraudulent Oil and Gas Offering. The United States District Court for the Northern District of Texas entered a final judgment by consent against Michael Bowen, whom the SEC charged with making false and misleading statements related to the offer and sale of Cannon Operating Company LLC’s securities. Bowen, who served as Cannon’s chief operating officer and sales manager, was involved in fraudulently raising approximately $2,182,687 from at least 140 investors by misrepresenting well performance and failing to disclose sales commissions. Without admitting the allegations, Bowen consented to a judgment that enjoins him from certain securities activities and orders him to pay $106,000 in disgorgement, $48,827.18 in prejudgment interest, and a $150,000 civil penalty. 🔗 Read more
• SEC Files Settled Action as to California Day Trader in Alleged Manipulative Spoofing Scheme. The Securities and Exchange Commission filed settled charges against Mingran Wang for allegedly orchestrating a market manipulation scheme from October 2021 to at least November 2024, through which he obtained over $1.3 million in ill-gotten gains by spoofing the prices of over 150 thinly traded American Depositary Receipts (ADRs). Wang’s scheme involved placing non-executable buy and sell orders to manipulate prices, executing trades to profit from these manipulations, and then canceling the initial orders. He consented to a judgment that permanently enjoins him from violating federal securities laws and restricts his brokerage account activities for five years, while the U.S. Department of Justice filed parallel criminal charges. 🔗 Read more
• CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Data Reporting Requirements for Certain Event Contracts. Washington - The Commodity Futures Trading Commission has published a Notice of Proposed Rulemaking seeking public comment on amendments to Parts 15, 16, and 17 of its regulations. The proposal introduces an alternate framework for reporting data on certain fully collateralized event contracts, requiring reporting markets, futures commission merchants, clearing members, and foreign brokers to follow regulations in Parts 15 through 18 instead of Parts 38, 39, 43, and 45. Chairman Michael S. Selig emphasized the importance of moving away from no-action letters to provide clear and workable regulations for event contracts. 🔗 Read more
• FDIC Board Approves Proposal to Amend Resolution Submissions by Covered Insured Depository Institutions. Washington - The FDIC Board of Directors approved a notice of proposed rulemaking to revise resolution submission requirements for insured depository institutions (IDIs) with $50 billion or more in total assets, aiming to streamline filing requirements and focus on cost-effective resolution. The proposal suggests raising the asset threshold to $100 billion, implementing automatic future adjustments, and moving to a three-year filing cycle, with comments open for 60 days after Federal Register publication. Additionally, the Board granted an exemption from filing requirements in October 2026 and 2027 for all IDIs currently subject to the rule. 🔗 Read more
• FDIC Board Approves Proposal to Revise Deposit Insurance Assessment Thresholds, Rate Schedules, and Adjustments. Washington - The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking to revise assessment regulations for FDIC-insured institutions, increasing the threshold for small and large institutions from $10 billion to $30 billion in assets. The proposal also includes decreasing initial base assessment rate schedules by two basis points for small institutions and one basis point for large or highly complex institutions, along with a potential one basis point adjustment for successful completion of a virtual data room testing exercise. FDIC staff have provided assessment rate calculators on their website for institutions to estimate their rates under these proposed changes. 🔗 Read more
• FDIC Board Approves Proposal to Amend Regulations Regarding the Disclosure of Information. Washington - The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking to amend Part 309 of its regulations, allowing insured depository institutions (IDIs) more flexibility to share confidential information without prior FDIC approval, provided it is for a business purpose and a confidentiality agreement is in place. The proposal also aims to simplify the FDIC’s discretionary disclosure process and update rules related to the Freedom of Information Act, legal proceedings, and service of process. 🔗 Read more
• Stakelogic BV to pay £122,835 for running slots too fast. Stakelogic BV, a gambling software business, will pay £122,835 for breaching responsible product design standards by running slot games faster than the minimum 2.5 seconds between spins. An investigation revealed that 16 games, including Tiger Temple 88, were non-compliant, with time gaps as low as 0.001 seconds, due to inaccurate manual stopwatch measurements. Stakelogic has since self-suspended the affected games, implemented robust policies, and assured the Commission of measures to prevent future breaches. 🔗 Read more
  
  

🗓️ June 26, 2026

• SEC, CFTC Seek Public Comment on the Harmonization of Portfolio Margining Frameworks. Washington D.C. - The Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a joint request for public comment on harmonizing regulatory frameworks for portfolio margining across various financial instruments. The aim is to improve risk management efficiency, reduce market fragmentation, and enhance customer protections. The agencies seek input on issues such as existing models, customer protection, cross-margining, capital treatment, risk management methodologies, and potential impacts on market liquidity and competition. 🔗 Read more
• FDIC Publishes May Enforcement Actions. Washington - The Federal Deposit Insurance Corporation (FDIC) published a list of administrative enforcement actions taken against banks and individuals in May 2026, including 22 orders and one adjudicated decision and order. These actions comprised various orders such as civil money penalties, consent orders, prohibitions, and terminations of waivers, with no administrative hearings scheduled for July 2026. 🔗 Read more
• The European Banking Authority consults on a draft methodology for setting fines under the Markets in Crypto-Assets Regulation (MiCA). The European Banking Authority (EBA) has published a Consultation Paper with a draft methodology for setting fines under MiCA, aiming to ensure consistency, proportionality, and transparency in fines for significant crypto-asset issuers. The methodology outlines the EBA’s approach to calculating fines for negligent or intentional infringements by issuers or their management, enhancing transparency and accountability in supervisory decisions. This initiative seeks to help stakeholders understand how fines are determined in individual cases. 🔗 Read more
• The EBA updates validation rules for supervisory reporting. The European Banking Authority (EBA) has published an updated list of validation rules as part of its quarterly review, identifying rules that have been deactivated, reactivated, or changed in severity. Competent Authorities are reminded not to validate data against deactivated rules, and a small validation rules package, including a micro taxonomy package and Data Point Model (DPM) validation rules update scripts, has been released. From release 4.0 onwards, DPM 2.0 integrates validation rules directly into the taxonomy and DPM, enhancing consistency, traceability, and efficiency in the supervisory reporting process. 🔗 Read more
• The EBA reaches another important milestone in enhancing supervisory efficiency with its revised SREP Guidelines. The European Banking Authority (EBA) has published its final revised Guidelines on the supervisory review and evaluation process (SREP) and supervisory stress testing, aiming to enhance the efficiency, coherence, and effectiveness of EU banking supervision. These guidelines introduce targeted rationalization measures, such as a 30% reduction in page count, and focus on a more risk-focused, efficient, and forward-looking framework by integrating ICT, ESG, and operational resilience factors, while maintaining alignment with regulatory developments like CRRIII/CRDVI. The revised guidelines also simplify the regulatory framework, enhance risk coverage, and improve supervisory effectiveness through a flexible escalation framework and clearer communication of outcomes. 🔗 Read more
• EIOPA publishes report on oversight activities in 2025. The European Insurance and Occupational Pensions Authority (EIOPA) published a report detailing its oversight activities throughout 2025, highlighting enhanced coordination among national supervisors and strengthened supervisory capacity across the European Economic Area. EIOPA’s engagements included prudential and conduct-of-business matters, supervision of internal models, oversight of cross-border groups, and digital operational resilience issues following the implementation of DORA. The report also notes EIOPA’s participation in 10 country visits, 33 colleges of supervisors, nine collaboration platforms, and various other activities to promote high-quality supervision and convergence in supervisory practices. 🔗 Read more