Tariffs Gradually Raised Retail Prices in 2025

The Federal Reserve's FEDS Notes published an analysis finding that tariffs gradually increased retail prices in 2025, with the greatest impact on goods imported from China. The analysis indicates that tariff pass-through to consumers for Chinese goods was at least 30% by December 2025.

Banks' Lending Standards Expectations Measured via Loan Officer Survey

The Federal Reserve published a FEDS Notes article analyzing how banks form expectations about future credit supply using data from the Senior Loan Officer Opinion Survey. The analysis explores factors influencing these expectations, including macroeconomic forecasts and bank characteristics, and identifies expectation shocks.

Assessing Bank Resilience to a Funding Shock

The Federal Reserve published a FEDS Notes analysis assessing bank resilience to a hypothetical funding shock. The analysis uses the FLARE stress testing model, incorporating a shock to uninsured deposits, to project impacts on bank profitability and capital ratios under various scenarios.

OCC Announces Enforcement Actions for March 2026

The OCC has announced its enforcement actions for March 2026, including an Order of Prohibition against a former bank employee for unauthorized withdrawals totaling over $19,000. The OCC also terminated four prior enforcement actions against financial institutions.

OCC Announces Enforcement Actions Terminations for February 2026

The Office of the Comptroller of the Currency (OCC) announced the termination of five formal agreements with banks in February 2026. These terminations indicate that the banks have demonstrated compliance with their respective enforcement actions or that the terms have become outdated.

OCC Announces January 2026 Enforcement Actions

The OCC announced its January 2026 enforcement actions, including an Order of Prohibition against a Wells Fargo employee for embezzling over $800,000. The OCC also terminated several enforcement actions against Clear Fork Bank, Dearborn FSB, The Fairfield National Bank, Mission National Bank, and The Upstate National Bank.

PCAOB 2025 Inspection Report: Deloitte Netherlands

The PCAOB has issued its 2025 inspection report for Deloitte Accountants B.V. in the Netherlands, detailing observations on audits of issuers and the firm's system of quality control. The report identifies instances of non-compliance with PCAOB standards and rules, including unsupported audit opinions and issues related to independence.

PCAOB 2025 Inspection Report of KPMG Ireland

The PCAOB has released its 2025 inspection report for KPMG Ireland, detailing observations from audits of issuers and elements of the firm's quality control system. The report, issued on February 9, 2026, follows an inspection conducted in cooperation with the Irish Auditing and Accounting Supervisory Authority.

PCAOB 2025 Inspection Report for Mauldin & Jenkins, LLC

The PCAOB has released its 2025 inspection report for Mauldin & Jenkins, LLC, detailing observations from the audit of an issuer and elements of the firm's quality control system. The report, issued on February 9, 2026, follows a risk-based approach and notes that portions of the full report are omitted to comply with the Sarbanes-Oxley Act.

PCAOB 2025 Inspection Report for KPMG Hong Kong

The PCAOB has released its 2025 inspection report for KPMG Hong Kong, assessing the firm's compliance with auditing standards for issuer audits. The report, issued on January 29, 2026, details observations related to unsupported opinions, non-compliance with PCAOB standards, and quality control elements.