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EBA 2026 Work Programme for a More Efficient EU Regulatory and Supervisory Framework
The European Banking Authority (EBA) has published its 2026 work programme, setting out its key priorities and planned initiatives. The programme is driven by three overarching priorities: (i) developing a rulebook to foster a resilient and efficient financial single market, with proposals to simplify rules, improve public sector coordination and assess the framework's impact....By: A&O Shearman
UK FCA Research Note on Potential Quantum Computing Applications in UK Financial Services
The UK Financial Conduct Authority (FCA) has published a research note examining the potential applications of quantum computing within UK financial services, and exploring how firms can prepare for their emergence....By: A&O Shearman
Northern District of Illinois Allows Financing Company to Pursue Federal Antitrust Claims
The Northern District of Illinois permitted a financing company to pursue federal antitrust claims after purchasing the claims out of bankruptcy in the case of Olean Wholesale Grocery Cooperative et al v. Agri Stats, Inc. In the litigation, Maines Paper & Food Services was part of a direct-purchasers class-seeking antitrust relief against the turkey processing industry. However, before Maines Paper could see litigation through, the company filed for bankruptcy, and the antitrust claims were...By: Fishman Haygood LLP
New York Amends Voidable Transactions Law for Application to Federal Home Loan Banks
On September 26, 2025, Governor Kathy Hochul of New York signed into law AB 5600 (the Bill), which amends N.Y. Ins. Law §7425 to address the treatment of voidable transfers involving Federal Home Loan Banks (FHLBs), as well as the conduct of parties to delinquency proceedings against New York domiciled insurer-members of an FHLB....By: Troutman Pepper Locke
CFPB Officially Extends Compliance Dates for Section 1071 Rule; New Rulemaking Expected Soon
On October 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published a final rule in the Federal Register, officially extending compliance dates for its 2023 small business lending data collection and reporting rule under the Equal Credit Opportunity Act (ECOA) and Regulation B, which implements Section 1071 of the Dodd-Frank Act. The final rule replaces an interim rule released in June 2025 that pushed back compliance deadlines....By: Troutman Pepper Locke
Choosing Between Financing Instruments for Your Startup
Choosing the right financing instruments early on impacts not only how your cap table evolves, but also your ability to attract subsequent investors and navigate regulatory compliance. The stage that your company is in will play a critical role in the determination of which types of fundraising instruments are most appropriate to use. This article aims to explain the distinctive features of each type of financing instrument to help you chart your course....By: Pillsbury - Propel
Stressing urgency, fired NCUA Democratic board members ask Supreme Court to consider case on expedited basis
The two Democratic NCUA board members ousted by President Trump without cause are asking the Supreme Court to consider their challenge of the firings on an expedited basis....By: Ballard Spahr LLP
Pennsylvania Perspective for Monday, October 6, 2025
PA Treasurer Expands Loan Program Amid Budget Stalemate - State Treasurer Stacy Garrity (R) widened a $500 million low-interest loan initiative to include providers of domestic violence and rape survivor services as the state budget impasse drags on. Advocates warn interest costs could strain essential programs while counties and schools await overdue funding....By: Cozen O'Connor
UK Equity Capital Markets Insights — October 2025
In this edition of UK Equity Capital Markets Insights, we cover the following developments: • FCA Publishes Market Watch 83 - • FCA Consults on Amendments to UK Listing Rule 9 - • FCA Launches Revamped Handbook Website - • FCA Grants First PISCES Approval Notice to the London Stock Exchange-...By: Paul Hastings LLP
Fraud and Scam Prevention Series: Report Identifies Broad Problems and Offers Complex Recommendations
Welcome to Wiley’s new series on fraud and scam prevention. Bad actors increasingly exploit America’s communications, banking, and digital systems to achieve astounding levels of fraud. With American households estimated to lose more than $1 billion each week to such scams, this proliferation of fraud endangers the American economy and national security....By: Wiley Rein LLP
Les répercussions de la loi Mortgage Services Act de la Colombie-Britannique sur les prêteurs demeu
La nouvelle loi de la Colombie-Britannique intitulée Mortgage Services Act (la « MSA ») remplacera la loi Mortgage Brokers Act (la « MBA ») le 13 octobre 2026. Les règles Mortgage Services Rules (les « Règles ») et le règlement Mortgage Services Regulation (le « Règlement ») qui accompagnent cette nouvelle loi ont été finalisés le 14 juillet 2025, mais il reste à voir quelles seront les répercussions de ce cadre de réglementation sur les prêteurs hypothécaires, particulièrement les prêteurs...By: Blake, Cassels & Graydon LLP
Trade Associations Urge Congress to Address Penny Shortage
Last week, a coalition of retail and restaurant trade associations sent a letter to leaders of congressional banking committees urging them to enact national legislation to allow them to round cash transactions to the nearest nickel. The US Mint produced its last pennies in June and the Federal Reserve recently reported that dozens of coin distribution locations have already run out of pennies to distribute to facilitate commerce....By: Kelley Drye & Warren LLP
[Podcast] Private Market Talks: Scaling and Innovating in Secondaries with Dawson Partners’ Yann Robard
What’s next for secondary markets? In this episode of Private Market Talks, Dawson Partners’ Yann Robard joins us to unpack the evolving secondary market and untapped potential for increased capitalization. From structured solutions to the rise of NAV lending, Yann explains Dawson’s innovative approach to secondaries transactions. He also shares his outlook on private equity performance, lessons learned from building Dawson, and advice for the next generation of investors....By: Proskauer - Private Market Talks Podcast
Preferential Treatment of Private Fund Investors: Common SEC Enforcement Patterns
Following the Fifth Circuit's 2024 vacatur of the SEC’s Private Fund Rules, registered investment advisers must again rely on enforcement precedent to understand prohibited preferential treatment practices....By: BCLP
FCA Publishes Updates on Clarifying and Streamlining the UK Consumer Duty
On 30 September 2025, the Financial Conduct Authority (FCA) published three updates in connection with the Consumer Duty (the Duty): (i) a letter to HM Treasury (HMT) setting out the application of the Duty for wholesale firms (the Letter); (ii) a webpage on the FCA’s ongoing work to streamline rules and reduce complexity for businesses following the Duty’s introduction (the Webpage); and (iii) a webpage outlining the FCA’s priority areas in relation to the Duty for 2025/2026 (the Priority...By: Katten Muchin Rosenman LLP
[Video] Compliance Tip of the Day - Compliance Lessons from Shell
Welcome to “Compliance Tip of the Day,” the podcast that brings you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance professional or just starting your journey, our goal is to provide you with bite-sized, actionable tips to help you stay ahead in your compliance efforts. Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep...By: Thomas Fox - Compliance Evangelist
[Video] Upping Your Game: Leveraging Chatbots for Enhanced Compliance Efficiency
In February, the Trump Administration suspended investigations under and enforcement of the FCPA. Many compliance professionals have since wondered what this will mean for corporate compliance programs going forward. Hui Chen challenged compliance professionals with the statement, “It’s time to up your game.” This podcast series, sponsored by Ethico and co-hosted with Ethico co-CEO Nick Gallo, hopes to meet Hui Chen’s challenge. We will discuss how compliance professionals can ‘Up Their Game’...By: Thomas Fox - Compliance Evangelist
Sustainable Finance Disclosure Regulation: CSSF Turns the ESMA SFDR “Reality Check” into Concrete Expectations with Illustrative Good‑Practice Samples
On 30 September 2025, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the “CSSF”), published its feedback report (the “Report”) on the European Supervisory and Markets Authority’s (“ESMA”) 2023–2024 Common Supervisory Action (“CSA”) on sustainability risks and disclosures....By: Proskauer - Regulatory & Compliance
Illinois Regulation of Digital Asset Kiosks
In addition to the recent Illinois Digital Assets and Consumer Protection Act, covered in a previous article, Illinois recently passed digital asset legislation aimed at protecting consumers against scams and fraud when utilizing digital asset kiosks. Specifically, the Illinois Digital Asset Kiosks Act was signed into law by Illinois Governor JB Pritzker on August 18, 2025....By: Foley & Lardner LLP
Court Awards Zero Damages for Breach of Fiduciary Duty Stemming from Pension Plan's ESG-Focused Investing
Following a bench trial, Judge O'Connor (N.D. Tex.) held that there had been a breach of the fiduciary duty of loyalty based upon a 401(k) retirement plan's investments, which reflected ESG interests rather than strictly financial ones. However, nearly ten months later, the court nonetheless “denie[d] Plaintiff's request for monetary damages,” although the judgment did award certain equitable relief (e.g., injunctions related to future investing practices and governance)......By: Mintz
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