Financial Compliance

High Court Upholds PSR Powers to Cap Card Fees

The UK High Court has upheld the Payment Systems Regulator's (PSR) powers to cap cross-border interchange fees, following a legal challenge. This decision allows the PSR to proceed with its analysis and potential implementation of fee caps, aiming to reduce costs for UK businesses.

Ashley Alder Appointed New PSR Board Chair

Ashley Alder has been appointed as the new Chair of the Payment Systems Regulator (PSR) Board, effective January 26, 2026. This appointment coincides with the planned consolidation of the PSR into the Financial Conduct Authority (FCA), where Alder also serves as Chair.

FSB Report on Repo Market Vulnerabilities

The Financial Stability Board (FSB) has released a report warning of vulnerabilities in government bond-backed repo markets. The report highlights potential contagion channels and emphasizes the need to preserve market functionality during stress periods, offering policy implications for regulators.

FSB Peer Review: Public Sector Backstop Funding Mechanisms

The Financial Stability Board (FSB) is conducting a thematic peer review on public sector backstop funding mechanisms and has issued a summary of terms of reference. The FSB is seeking feedback from financial institutions and other stakeholders by March 31, 2026, to inform its review of implementation progress.

FSB 2026 Work Programme: Financial Stability and Systemic Risks

The Financial Stability Board (FSB) has published its work programme for 2026, outlining key priorities to promote global financial stability. The programme focuses on addressing systemic risks through vulnerability assessments, nonbank financial intermediation, cross-border payments, digital innovation, and operational resilience.

Public Responses to Insurer Recovery and Resolution Planning Consultation

The Financial Stability Board (FSB) has published public responses to its consultation on the scope of insurers subject to recovery and resolution planning requirements. The consultation period closed on February 6, 2026, and the FSB expects to publish final guidance in Q2-Q3 of 2026.

FSB Report on Strengthening Global Bank Resolution Frameworks

The Financial Stability Board (FSB) released its 2025 Resolution Report, detailing progress in strengthening global resolution frameworks for banks, insurers, and financial market infrastructures. The report highlights achievements in 2025 and outlines future work to enhance crisis preparedness and operationalize resolution tools.

SEC Risk Alert on Advisers Act Marketing Rule Compliance

The SEC's Division of Examinations issued a Risk Alert highlighting observations regarding investment advisers' compliance with the Marketing Rule. The alert focuses on disclosure requirements, oversight practices for testimonials and endorsements, and due diligence for third-party ratings.

SEC Division of Examinations Announces 2026 Priorities

The SEC's Division of Examinations has announced its 2026 examination priorities, focusing on areas of heightened risk to investors and compliance with new rules like amendments to Regulation S-P. The priorities aim to provide transparency and encourage firms to strengthen their compliance programs.

SEC Municipal Advisors Risk Alert and Examination Guidance

The SEC's Division of Examinations has published a Risk Alert to assist municipal advisors in understanding the examination process. The alert details potential areas of focus, selection criteria for examinations, and initial document requests.