News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.
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CTA Update: A Review of the Status of Beneficial Ownership Reporting Requirements under the Corporate Transparency Act and Related Federal and State Initiatives as of January 5, 2026
The Interim Final Rule, issued March 26, 2025, by the Financial Crimes Enforcement Network (FinCEN), stated that FinCEN was reexamining the Regulations implementing the Corporate Transparency Act (CTA). FinCEN materially reduced the scope of reporting required under the CTA until further notice, noting that FinCEN would use the remainder of 2025 to craft a modified set of Regulations on beneficial ownership disclosure....By: Pillsbury Winthrop Shaw Pittman LLP
FinCEN Announces Data-Driven Operation Targeting Southwest Border MSBs
On December 22, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a multifaceted data-driven operation to address potential money laundering, focused on more than 100 U.S. money services businesses (MSBs) operating along the southwest border....By: McGuireWoods LLP
HM Treasury Consults On New Regime For UK Benchmarks
HM Treasury (HMT) has launched its consultation on the repeal and replacement of the UK Benchmarks Regulation (UK BMR), which would replace the UK BMR regime with a new Specified Authorised Benchmark Regime. The new regime would focus regulatory oversight on benchmarks and administrators that may pose systemic risks to UK markets, removing the current obligation for authorised firms to use benchmarks on the FCA register....By: A&O Shearman
ESMA and FMA sign MoU on benchmarks
The European Securities Markets Authority and the New Zealand Financial Markets Authority (FMA) have published a Memorandum of Understanding (MoU) establishing cooperation arrangements under the Benchmarks Regulation (BMR). This follows Implementing Decision (EU) 2025/2197, published in the Official Journal of the European Union in October, which grants equivalence to New Zealand's legal and supervisory framework for benchmarks....By: A&O Shearman
[Video] Great Women in Compliance: Both Sides of the Desk: Managing Layoffs & Thriving Through Them
Layoffs, no matter which side of the desk you are on, are one of the most difficult realities of the workplace. For leaders, they demand empathy, clarity, and responsibility. For employees, they can bring shock, uncertainty, and the need to rebuild. In this episode, Lisa Fina and Ellen Hunt invited Gina Lakatos and Gwen Hassan to explore what it means to manage layoffs with integrity and how individuals can survive and even thrive in the aftermath. Our conversation focused on the human...By: Thomas Fox - Compliance Evangelist
Regulatory Alert: New York Enacts FAIR Business Practices Act, Broadening Unfair and Abusive Conduct Enforcement
On December 19, 2025, New York enacted the Fostering Affordability and Integrity through Reasonable Business Practices Act (the “FAIR Business Practices Act” or the “Act”), representing the most significant overhaul of the state’s consumer protection statute in decades. Effective February 17, 2026, the Act fundamentally expands General Business Law Section 349 by prohibiting not only deceptive acts and practices, but also unfair and abusive conduct in the conduct of business, trade, or commerce...By: Shipkevich PLLC
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – January 2026
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On December 30, the court issued another significant decision in the ongoing battle over the fate of the Consumer Financial Protection Bureau (CFPB). In National Treasury Employees Union (NTEU) v. Vought, the U.S. District Court for the District of Columbia granted the plaintiffs’...By: Troutman Pepper Locke
EC Proposes MAR Amendments On Market Manipulation Indicators And Defines Scope Of New Order Data Exchange Mechanism
The European Commission (EC) has launched a consultation on a draft act amending the Delegated Regulation (EU) 2016/522 under the Market Abuse Regulation (MAR). The amendment delivers on two separate actions. The first is the EC mandate to adopt a delegated act establishing a list of designated trading venues that have a significant cross-border dimension for the purposes of exchanging order data in relation to certain financial instruments. This derives from changes to MAR made by the EU...By: A&O Shearman
[Video] AI Today in 5: January 7, 2026, The AI Prescribing Meds in Utah Edition
Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI. Top AI stories include: • AI prescribing medicines in Utah (ABC4 Utah):...By: Thomas Fox - Compliance Evangelist
UK FSMA 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 published
The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 have been published, accompanied by an explanatory memorandum. This follows the draft version of the Regulations which were laid before the UK Parliament in October....By: A&O Shearman
Dawning of a New Era in Securities Trading: SEC Greenlights DTC’s Securities Tokenization Pilot Program
On December 11, 2025, the U.S. Securities and Exchange Commission (the “SEC”) issued no-action relief(the “DTC Letter”) to The Depository Trust Company (“DTC”) permitting for three years the operation of a pilot version (the “Pilot Program”) of DTC’s securities tokenization program (the “DTCC Tokenization Services”). This development marks an early step toward fulfilling SEC Chair Paul Atkins’s vision of a new era in which tokenization becomes the foundation of financial infrastructure whereby...By: Seward & Kissel LLP
[Video] Compliance into the Weeds: Matt’s Key Compliance Issues and Trends to Watch in 2026
The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss key issues Matt is following in 2026. They look into anticipated FCPA enforcement actions against Chinese telecom giant ZTE and the...By: Thomas Fox - Compliance Evangelist
Federal Reserve Proposes Skinny Master Accounts
The Federal Reserve Board has requested public input on establishing a prototype "Payment Account." The account would be an alternative, special-purpose Master Account designed solely to clear and settle an institution's own payments. The proposal aims to support payments innovators while mitigating risk to the Reserve Banks and the broader U.S. payments system. Unlike a full-service Master Account, the Payment Account would not pay interest or provide access to the discount window or intraday...By: Davis Wright Tremaine LLP
Shifting Enforcement Priorities at the CFTC and the SEC
It should come as no surprise that priorities have shifted at the Commodity Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC”), particularly with the enforcement divisions at both agencies — which had faced widespread internal and external criticism for jurisdiction overreach and massive fines. What may be a little surprising to some, however, is the extent and speed of the shift in priorities and the resulting impact on the number of investigations,...By: Foley & Lardner LLP
ESAs Advise Against Extending DORA To Statutory Auditors And Audit Firms
The European Supervisory Authorities (comprising the European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority) have published a joint report, dated 4 December, responding to the European Commission's request under Article 58(3) of the EU Digital Operational Resilience Act (DORA)....By: A&O Shearman
On the 2026 Audit Committee Agenda
In its annual message for audit committee members, the KPMG Board Leadership Center shares insights on eight key issues shaping audit committee agendas in 2026. Download PDF Share As the pace of change and complexity in the business environment continues to pressure management and put companies on less-solid footing, the focus and effectiveness of the audit committee will be paramount to investor confidence....By: KPMG Board Leadership Center (BLC)
[Video] Daily Compliance News: January 7, 2026, The 6 Years in Singapore Edition
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional. Top stories include: • Energy companies are cautious about Venezuela....By: Thomas Fox - Compliance Evangelist
SECTION 16(a): New Disclosure Requirements for Foreign Private Issuers and Their Implications for Brazilian Public Companies Listed in the United States
In the National Defense Authorization Act for Fiscal Year 2026, the US Congress included an amendment extending the disclosure requirements set forth in Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) to foreign private issuers (“FPIs”), which had previously been exempt from such obligations. The bill was signed into law on December 22 and will become effective on March 18, 2026....By: Mayer Brown
British Columbia Implements Restricted Insurance Agent Licensing Regime for Incidental Sellers
On December 18, 2025, the Government of British Columbia announced the long-awaited Restricted Insurance Agent Licence Regulation (“Regulation”), which will come into force on January 1, 2027, alongside certain provisions of the Financial Institutions Amendment Act, 2019. The Regulation will require certain non-insurance businesses that sell insurance products incidental to consumer goods and services to obtain a Restricted Insurance Agency (“RIA”) licence from the Insurance Council of British...By: Stikeman Elliott LLP
EU Court of Justice to Examine GDPR Compliance of FATCA-Related Bank Data Transfers
The EU Court of Justice (“CJEU”) has been asked by a Belgian court about the legality of transferring EU residents’ banking data to the United States under the Foreign Account Tax Compliance Act 2010 (“FATCA”)....By: Mayer Brown
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