ESMA Consultation on EMIR 3 Draft RTS on Participation Requirements

The European Securities and Markets Authority (ESMA) has opened a consultation on draft Regulatory Technical Standards (RTS) for participation requirements under EMIR 3. The consultation seeks feedback from interested stakeholders, including central counterparties (CCPs) and their participants, on the proposed rules.

ESMA Consultation on MAR Guidelines for Delaying Inside Information Disclosure

The European Securities and Markets Authority (ESMA) has launched a consultation on new Market Abuse Regulation (MAR) guidelines concerning the delay in disclosing inside information. The consultation period runs until April 29, 2026, and is open to all interested stakeholders.

ESMA Consultation on CCP Collateral and Investment Policy

The European Securities and Markets Authority (ESMA) has launched a consultation on proposed changes to rules regarding guarantees as CCP collateral and certain aspects of CCP investment policy. The consultation period is open until April 30, 2026, and seeks input from all interested stakeholders, particularly central counterparties (CCPs), clearing members, and their clients.

ESMA/EBA Consultation on Suitability Guidelines for Management Body Members

ESMA and EBA have launched a consultation on new draft guidelines for assessing the suitability of management body members and key function holders. The consultation period is open until May 25, 2026, and seeks feedback on proposed changes to investor protection standards.

ESMA Consultation on EMIR 3 Post-Trade Risk Reduction Standards

The European Securities and Markets Authority (ESMA) has launched a consultation on proposed regulatory standards for post-trade risk reduction services under EMIR 3. The consultation seeks feedback from financial and non-financial counterparties, service providers, and central counterparties.

Federal Reserve Change in Bank Control Notice

The Federal Reserve System has posted a notice regarding applications received under the Change in Bank Control Act. These applications seek approval to acquire shares of a bank or bank holding company. Interested parties can submit comments by March 30, 2026.

Steel Concrete Reinforcing Bar from Bulgaria: Preliminary Affirmative Determination

The U.S. Department of Commerce has preliminarily determined that steel concrete reinforcing bar (rebar) from Bulgaria is being sold in the U.S. at less than fair value. This preliminary affirmative determination initiates further investigation and potential imposition of duties.

SEC Seeks OMB Extension for Rule 19b-4 Information Collection

The Securities and Exchange Commission (SEC) is requesting an extension from the Office of Management and Budget (OMB) for the information collection requirements under Rule 19b-4. This rule mandates Self-Regulatory Organizations (SROs) to file proposed rule changes with the SEC.

Commerce Department Publishes Trade Scope Rulings and Invites Comments

The U.S. Department of Commerce published a list of scope rulings made between October 1, 2025, and December 31, 2025, for various trade items including aluminum lithographic printing plates, steel wheels, and wood mouldings. The department is inviting comments on the completeness of this list.

Proposed Rule: FERC-2026-1392-0001

The Federal Energy Regulatory Commission (FERC) has issued a proposed rule concerning transmission planning and cost allocation. This proposal aims to enhance the reliability and affordability of the electric grid by updating existing regulations.

FDA Approves Tec-Dara for Relapsed Multiple Myeloma

The FDA has approved Tec-Dara (teclistamab and daratumumab hyaluronidase-fihj) for relapsed or refractory multiple myeloma. This approval was granted under the Commissioner's National Priority Voucher (CNPV) pilot program, marking a significant acceleration in the review process.

FDA Meeting on State Drug Importation Program

The FDA held a meeting with several states to discuss the Section 804 Importation Program (SIP), which allows states to import certain prescription drugs from Canada. This meeting is part of the FDA's implementation of an executive order aimed at lowering drug prices for American consumers.

FDA Streamlines Biosimilar Development Guidance

The FDA issued draft guidance to streamline biosimilar development by recommending the reduction of unnecessary clinical pharmacokinetic testing when scientifically justified. This initiative aims to save developers up to 50% in PK study costs, potentially lowering drug prices and increasing patient access to affordable biologic treatments.

FDA Approves Wellcovorin for Cerebral Folate Deficiency

The FDA has approved Wellcovorin (leucovorin calcium) tablets for the treatment of cerebral folate deficiency in adult and pediatric patients with a confirmed FOLR1 gene variant. This marks the first FDA-approved treatment for this rare genetic condition.

FDA Launches Unified Adverse Event Analysis Platform AEMS

The FDA has launched a new unified platform, the Adverse Event Monitoring System (AEMS), to analyze adverse event reports for all regulated products. This modernization aims to improve data accessibility, transparency, and surveillance capabilities, replacing fragmented legacy systems and is expected to save $120 million over five years.

ERISA, HIPAA, COBRA Technical Releases

The Department of Labor's Employee Benefits Security Administration (EBSA) has compiled a list of technical releases related to ERISA, HIPAA, and COBRA. These releases provide guidance on various aspects of employee benefit plans, including health insurance, claims, and disclosures.

CFPB Final Rule: 2026 Maximum Charge for FCRA Disclosures

The Consumer Financial Protection Bureau (CFPB) issued a final rule establishing the maximum allowable charge for Fair Credit Reporting Act (FCRA) disclosures for the 2026 calendar year. This annual adjustment is required by the FCRA.

Consumer Leasing Regulation M Final Rule - Threshold Update

The Consumer Financial Protection Bureau (CFPB) has finalized amendments to Regulation M, increasing the dollar threshold for exempt consumer leases from $71,900 to $73,400, effective January 1, 2026. This adjustment is mandated annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Truth in Lending Regulation Z Threshold Increase

The Consumer Financial Protection Bureau (CFPB) has finalized an amendment to Regulation Z, increasing the dollar threshold for exempt consumer credit transactions. Effective January 1, 2026, the threshold will rise from $71,900 to $73,400, adjusted annually based on the Consumer Price Index.

HPML Appraisal Exemption Threshold Increased to $34,200

The CFPB, OCC, and Federal Reserve have finalized amendments to the Truth in Lending Act (TILA) regulations, increasing the exemption threshold for higher-priced mortgage loan (HPML) appraisals. Effective January 1, 2026, the threshold will rise from $33,500 to $34,200, adjusted annually based on the CPI-W.

CFPB Rescinds Adjudication Rule Amendments

The Consumer Financial Protection Bureau (CFPB) has rescinded amendments made in 2022 and 2023 to its Rules of Practice for Adjudication Proceedings. This action reverses changes related to depositions, timing, bifurcation, dispositive motions, and issue exhaustion, with some narrow exceptions for clarificatory changes.

CFPB Guidance on Commenting on Bureau Notices and Regulations

The Consumer Financial Protection Bureau (CFPB) has updated its guidance on how the public can submit comments on Bureau notices and regulations. The document clarifies procedures for submitting comments, what types of comments are generally posted publicly, and what information should be excluded.

CFPB Archive of Closed Notices

The Consumer Financial Protection Bureau (CFPB) has archived a list of past notices that are no longer open for public comment. This archive includes various types of rulemaking notices, such as advance notices of proposed rulemaking, and provides links to the full text of these documents.

CFPB Draft Strategic Plan FY 2026-2030 Public Comment

The Consumer Financial Protection Bureau (CFPB) is seeking public feedback on its draft Strategic Plan for Fiscal Years 2026-2030. This notice invites comments on the Bureau's mission, strategic goals, and objectives for the upcoming four-year period.

CFTC Staff Letters and Guidance

The Commodity Futures Trading Commission (CFTC) provides access to its staff letters and guidance documents issued from 2008 onwards. This resource is intended to offer clarity and interpretation on various regulations under the CFTC's purview.

CFTC Staff Letters Offer Guidance on Regulatory Matters

The Commodity Futures Trading Commission (CFTC) provides access to staff letters offering guidance on various regulatory matters. These letters, available from 2008 onwards, cover a wide range of topics and regulations relevant to market participants.

CFTC Exempts Senior Employees from QEP Requirements

The CFTC has issued guidance exempting certain senior employees from the definition of 'Qualified Eligible Person' (QEP) under CFTC regulations. This exemption applies to individuals who meet specific compensation and experience criteria, aiming to reduce regulatory burdens for market participants.

CFTC Staff Letters on Digital Assets

The CFTC has published staff letters providing regulatory guidance on digital assets. These letters offer interpretations and no-action relief related to various regulations under the Commodity Exchange Act. They are intended to assist market participants in navigating compliance requirements.

CFTC Staff Letters on No-Action Positions

The CFTC has published staff letters providing no-action positions on various regulations. These letters offer guidance and relief to market participants regarding specific regulatory requirements. The CFTC staff letters are available on their website for review.

SEC Order Directs Disgorgement of Fair Fund for Boeing and Muilenburg

The SEC has ordered the disbursement of a $218,239,227.18 Fair Fund to harmed investors in the Boeing and Muilenburg case. This follows the approval of a distribution plan and the processing of investor claims.

SEC Order Directs Fair Fund Disbursement for Valeant

The SEC has issued an order directing the disbursement of $43,333,356.49 from a Fair Fund to harmed investors in the matter of Valeant Pharmaceuticals International, Inc. (n/k/a Bausch Health Companies, Inc.). The order follows the approval of a distribution plan after no comments were received during the public comment period.

Governor Waller Discusses Operationalizing AI at the Federal Reserve

Federal Reserve Governor Christopher J. Waller delivered a speech on February 24, 2026, discussing the Federal Reserve System's efforts to operationalize artificial intelligence (AI) within its internal systems and applications. The speech highlighted the potential of AI to drive operational efficiencies across various functions.

Governor Cook Discusses AI and Productivity at NABE Conference

Federal Reserve Governor Lisa D. Cook delivered remarks on artificial intelligence and its potential impact on productivity at the NABE Economic Policy Conference. She expressed optimism about AI's long-term contributions to innovation and economic growth, while acknowledging the Federal Reserve's cautious approach to its adoption.

Federal Reserve Supervision and Regulation Testimony

Vice Chair for Supervision Michelle W. Bowman testified before the Senate Committee on Banking, Housing, and Urban Affairs regarding the Federal Reserve's supervisory and regulatory activities. The testimony covered the current state of the banking sector, highlighting its soundness and resilience, and outlined priorities for enhancing supervision and regulation.

Bowman Speech on Liquidity, Financial Stability, and Fed Role

Federal Reserve Vice Chair for Supervision Michelle W. Bowman delivered a speech on March 3, 2026, discussing the effectiveness of the current bank liquidity framework, including the LCR and NSFR. The speech calls for a critical review of whether existing regulations translate into actual resilience during times of stress.

Federal Reserve Speech on Basel III and Bank Capital Rules

Federal Reserve Vice Chair Bowman discussed upcoming proposed rules to implement the final phase of Basel III in the United States. The speech outlined the rationale for modernizing capital requirements, aiming for more efficient regulation and better support for economic growth while preserving safety and soundness.

SEC Commissioner Atkins on SEC-CFTC Regulatory Harmony

SEC Commissioner Paul S. Atkins delivered a speech on March 10, 2026, discussing the importance of regulatory harmony between the SEC and CFTC. The speech highlighted how regulatory friction increases costs and reduces liquidity, advocating for a more coherent approach to benefit American investors and businesses.

SEC Commissioner Uyeda Remarks on Treasury Clearing Rule

SEC Commissioner Mark T. Uyeda discussed the Treasury Clearing Rule and its implementation timeline. The rule, originally mandated in December 2023, has compliance deadlines of December 2025 for cash transactions and June 2026 for repo transactions, with ongoing efforts to provide clarity and guidance to market participants.

SEC Commissioner Uyeda Remarks on Disclosure, Proxy Voting, and Tokenization

SEC Commissioner Mark T. Uyeda delivered remarks on March 12, 2026, discussing ongoing reviews of Regulation S-K disclosure requirements and challenges in fund proxy voting. The speech also touched upon the potential impact of tokenization on equity securities and the need for regulatory evolution.

SEC Commissioner Peirce Discusses Disclosure, Proxy Voting, and Tokenization

SEC Commissioner Hester M. Peirce delivered remarks at the Investor Advisory Committee meeting on March 12, 2026. She discussed public company disclosure reform, the challenges funds face in obtaining quorum for proxy votes, and the implications of tokenization.

SEC Chairman Remarks on Disclosure, Tokenization, and Innovation

SEC Chairman Paul Atkins discussed potential regulatory approaches to disclosure burdens, corporate governance, and the tokenization of securities. He indicated the Commission may consider an innovation exemption for trading certain tokenized securities.

FDIC Proposed Rule for Payment Stablecoin Issuance by Subsidiaries

The FDIC has proposed a rule to establish procedures for FDIC-supervised insured depository institutions (IDIs) seeking to issue payment stablecoins through subsidiaries, as mandated by the GENIUS Act. This proposed rule outlines a tailored application process to evaluate safety and soundness while minimizing regulatory burden.

FDIC Statement on Establishing Office of Supervisory Appeals

FDIC Chairman Travis Hill announced final guidelines for the new Office of Supervisory Appeals. The office will provide an independent review of supervisory determinations, with modifications to panel composition and expanded appellate rights for institutions facing proposed enforcement actions.

FDIC Reports Strong Earnings for Insured Institutions

The FDIC released its Quarterly Banking Profile for Q4 2025, reporting strong full-year earnings for FDIC-insured institutions. The industry finished 2025 with a return on assets of 1.20 percent, driven by increased net interest income and loan growth.

FDIC Chairman Testimony on Rightsizing Regulation

FDIC Chairman Travis Hill testified before the Senate Banking Committee on the agency's efforts to reform its regulatory and supervisory approach. Key initiatives include defining "unsafe or unsound practices" through a proposed interagency rule and establishing an Office of Supervisory Appeals.

FDIC Chairman Discusses Reforms to Regulatory Toolkit

FDIC Chairman Travis Hill announced updates on reforms to the agency's regulatory and supervisory toolkit. Key initiatives include proposals on defining "unsafe or unsound practices," refocusing examinations on material risks, and overhauling the CAMELS rating system. Changes to consumer compliance supervision aim to focus on actual harm and violations rather than process.

Energy Department Announces $1.5B Loan for Indiana Fertilizer Facility

The Department of Energy's Loan Programs Office has closed a $1.5 billion loan to Wabash Valley Resources, LLC, for a coal and ammonia fertilizer facility in Indiana. This initiative aims to boost domestic fertilizer production and strengthen national food security.

Energy Department Closes $1 Billion Loan for Nuclear Plant Restart

The Department of Energy has closed a $1 billion loan to Constellation Energy Generation, LLC, to finance the restart of the Crane Clean Energy Center nuclear power plant in Pennsylvania. This initiative supports the administration's goals of lowering energy costs and strengthening the domestic nuclear industrial base.

Energy Department Restructures $83 Billion in Loans and Commitments

The U.S. Department of Energy announced the restructuring, revision, or elimination of over $83 billion in loans and conditional commitments from the Biden-era portfolio. This action involves reallocating funds from wind and solar projects to natural gas and nuclear initiatives.

Energy Department Announces $26.5B Loan for Electricity Cost Savings

The Department of Energy announced a $26.5 billion loan package, the largest in its history, to Southern Company subsidiaries. This initiative is projected to save customers in Georgia and Alabama over $7 billion in electricity costs and enhance grid reliability.