On July 1, 2015, the Basel Committee announced a review of the Credit Valuation Adjustment Risk Framework.

On November 9, 2015, the Basel Committee published a consultation paper on TLAC holdings, setting out the proposed prudential treatment of investments in TLAC-qualifying instruments by both G-SIBs and non-G-SIBs that are subject to the Basel Committee's standards.

On July 8, 2015, the Basel Committee on Banking Supervision published final updated Guidelines on Corporate Governance Principles for Banks.

On December 17, 2015, the Committee on Payments and Market Infrastructures and the Board of IOSCO published proposed guidance on the Unique Product Identifier...

On September 2, 2015, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions published a consultative report...

On January 26, 2016, ESMA published the Memoranda of Understanding it entered into with the Financial Services Board of South Africa and the Comisión Nacional Bancaria y de Valores of Mexico.

In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers...

On September 25, 2015, the FSB convened to discuss its ongoing workplan.

On October 1, 2015, the Financial Stability Board published a report detailing its progress in implementing its September 2014 recommendations for reforms to Foreign Exchange benchmarks.

On July 24, 2015, the Financial Stability Board published its ninth report on the implementation of OTC derivatives reforms.

Numerous countries have implemented legislative and regulatory requirements for the reporting of OTC derivatives aimed at improving transparency, mitigating systemic risk and preventing market abuse.

The report highlights the importance of asset managers having the appropriate expertise and processes in place to evaluate and manage the credit risk associated with their investments.

On October 19, 2015, the Regulatory Oversight Committee launched a consultation on its proposed approach to incorporating data on branches into the Global Legal Entity Identifier System, known as GLEIS.

The report is the culmination of a year-long study, including nearly 80 interviews in 16 countries with central bankers, boards of directors and senior management.

Pursuant to the MOU, derivatives clearing organizations established in the United States may apply to ESMA for recognition as central counterparties, known as "Recognized CCPs."

On November 16, 2016, the CFTC released the results of supervisory stress tests of five major clearinghouses in the US and UK.

Headlines from the final months of 2017 included the signing of a new executive order with global anti-corruption implications;

Finally, OFAC rounded out the year with a notable increase in enforcement resolutions.

This quarter, companies around the globe prepared to exit Iran-related business in the wake of U.S. sanctions snap-back.