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BIS General Manager Statement on Villeroy de Galhau Departure

The Bank for International Settlements (BIS) issued a statement from General Manager Pablo Hernández de Cos acknowledging the departure of François Villeroy de Galhau, Governor of the Bank of France, from his role as Chair of the BIS Board of Directors. The BIS will begin the process of appointing a new Chair.

Basel Committee Consults on Consolidated Banking Guidelines

The Basel Committee on Banking Supervision has published a consultation on a consolidated version of its banking guidelines and sound practices. The aim is to improve accessibility and streamline guidance materials, reducing their volume by approximately 75%. Comments are requested by June 26, 2026.

Basel Committee: Governors welcome Basel III progress, discuss cryptoassets and G-SIBs

The Group of Central Bank Governors and Heads of Supervision (GHOS) met on March 9, 2026, to review progress on Basel III implementation, with approximately 75% of member jurisdictions having implemented or planning to implement the standards. The GHOS also endorsed targeted reviews of prudential standards for cryptoasset exposures and the assessment methodology for global systemically important banks (G-SIBs).

Basel Committee Publishes Synthetic Risk Transfer Analysis Report

The Basel Committee on Banking Supervision has published a report analyzing synthetic risk transfer (SRT) transactions. The report notes that while SRTs appear more prudently structured than pre-GFC transactions, risks associated with their growing use merit continued supervisory monitoring.

Federal Reserve Issues Consent Order Against Former Regions Bank Employee

The Federal Reserve Board has issued a consent prohibition order against Nicole M. Ramsey, a former employee of Regions Bank. The action stems from the misappropriation of customer funds. This enforcement action signifies the Federal Reserve's commitment to upholding standards of conduct within the banking sector.

Federal Reserve Enforcement Actions for Embezzlement

The Federal Reserve Board announced enforcement actions against two former bank employees for embezzlement and misappropriation of funds. Jacob Hilton, formerly of United Bank, and Klaus Koberstein, formerly of East Cambridge Savings Bank, have each received consent prohibition orders.

Federal Reserve Consent Order with Jamal Hillman

The Federal Reserve Board has issued a consent prohibition order against Jamal Hillman, a former employee of First Financial Bank, for misappropriation of customer funds. This enforcement action prohibits Mr. Hillman from participating in the banking industry.

Federal Reserve Board Enforcement Action Against Former PrimeLending Employee

The Federal Reserve Board has issued a consent prohibition order against Aquana Raffington, a former employee of PrimeLending. The action addresses conflicts of interest and fraud, with no monetary penalty imposed.

Jericho Share Ceases NY Operations for Selling Unlicensed Health Insurance

The New York State Department of Financial Services announced that Jericho Share has agreed to cease all operations in New York for selling unlicensed health insurance plans. This action follows an investigation into the company's activities.

New York Behavioral Health Treatment Access Campaign Launched

Governor Hochul has launched a public awareness campaign to educate New Yorkers on accessing behavioral health treatment. The campaign aims to inform individuals about their rights and available resources for mental health and substance use disorder services.