All financial regulatory updates published in March 2025.
Press release 25/06
Why this matters
This press release from the CSSF provides an update on the global situation of undertakings for collective investment at the end of February 2025, which is relevant for investment management and wealth management firms.
The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy.
Why this matters
The document announces publication of 2024 HMDA Modified LAR data, which is a data release and therefore a report. It concerns mortgage lending and the public disclosure of loan-level data by HMDA filers, which are mainly banks and credit unions. It imposes no obligation or deadline, so urgency is null.
Press release 25/05
Why this matters
This regulatory update relates to the profit and loss account of credit institutions, which is relevant for banking, investment management, and wealth management firms. The topics covered include prudential requirements, reporting, and licensing, which are important for these sectors.
Europe & international Cooperation Financial stability, artificial intelligence, data quality and financial education at the heart of the discussions at the AMF 2025 international seminar for securities regulators
Why this matters
This regulatory update from the AMF discusses topics related to financial stability, artificial intelligence, data quality, and financial education, which are relevant for banking, investment management, and capital markets firms.
The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.
On March 28, 2025, the CFPB announced that it would not prioritize supervision or enforcement involving penalties or fines under the Payment Withdrawal and Payment Disclosure provisions of the Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation after those provisions became operative on March 30, 2025. The announcement is an enforcement-prioritization position, not a repeal, amendment, exemption, or formal delay of the rule; independent commentary emphasizes that state regulators may still enforce the requirements and that the CFPB may later propose to narrow the rule.
The CFPB stated that it would deprioritize enforcement and supervision actions concerning penalties or fines associated with the rule's Payment Withdrawal and Payment Disclosure provisions. The operative rule continues to restrict a covered lender from attempting additional payment withdrawals after two consecutive failed attempts caused by insufficient funds unless the consumer provides a new authorization, and it requires specified payment-related notices, including notices before certain withdrawals and after two consecutive failed attempts.
The practical impact is reduced near-term CFPB examination and penalty risk for covered payment and disclosure provisions, but not elimination of the underlying obligations or broader enforcement exposure. The rule remains operative, and independent commentary indicates that state regulators and state attorneys general may continue to pursue violations; a future CFPB proposal would require separate notice-and-comment rulemaking before changing the rule.
AI-generated analysis. May contain errors or omissions — verify with the original CFPB source before acting. Full disclaimer.
No description available.
On March 28, 2025, the CFPB announced that it was jointly seeking relief under Federal Rule of Civil Procedure 60(b)(6) from its November 7, 2024 stipulated judgment against Townstone Financial, including return of the $105,000 civil money penalty. The Northern District of Illinois denied the motion on June 12, 2025, holding that the parties had not demonstrated the extraordinary circumstances required to vacate the judgment; therefore, the settlement and its compliance obligations remain in force.
The CFPB publication announced a proposed litigation step, not a new regulation, supervisory requirement, or generally applicable enforcement policy. The joint motion alleged that the prior redlining investigation and settlement were materially flawed, including alleged reliance on mortgage application and origination disparities, analysis of Townstone's public statements, and infringement of First Amendment rights. The motion sought to vacate the stipulated final judgment and order, dismiss the case, and return the $105,000 penalty.
The immediate compliance impact is limited because the publication did not create a new obligation and the court denied the requested vacatur. The case remains significant as a fair-lending and enforcement-governance signal: the CFPB's prior redlining theory involved statistical disparities and alleged discouragement, while the court's ruling reinforces that an agency cannot readily undo a final consent judgment based solely on changed leadership, changed policy priorities, or alleged litigation error.
AI-generated analysis. May contain errors or omissions — verify with the original CFPB source before acting. Full disclaimer.
Basel III risk-based capital ratios increase while leverage ratio and NSFR remain stable for large internationally active banks
Why this matters
This is a Basel III monitoring report (QIS) from the BIS/BCBS dated 26 March 2025, presenting end-June 2024 data on capital ratios, leverage ratios, and NSFR for large internationally active banks.
Press release 25/04
Why this matters
This regulatory update warns about loan scams on social media, which is relevant for banking, consumer credit, and mortgage lending firms. It covers consumer protection and anti-money laundering topics, and is applicable to banks, fintechs, and all firms that engage in lending activities.
Employee savings scheme Retail investors Journalists Employee savings: employees and firms are genuinely satisfied, but there is still a great need for support and education
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization for firms offering these products.
Asset management Journalists Investment management companies The AMF introduces a fast-track approval procedure for “defence” investment funds
Why this matters
This regulatory update introduces a fast-track approval procedure for 'defence' investment funds, which is relevant for asset managers and wealth managers operating investment funds. It touches on authorization and licensing requirements as well as consumer protection considerations.
Artificial intelligence Markets Innovation The International Organization of Securities Commissions (IOSCO) publishes a report on artificial intelligence in financial markets
Why this matters
This report from IOSCO covers the use of artificial intelligence in financial markets, which is relevant for firms across the capital markets sector. The key topics include technology and cyber risks, market abuse and surveillance, and reporting and disclosure requirements around AI systems.
Employee savings scheme Employee savings: a high level of satisfaction but a persistent need for support
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization.
Sanctions & settlements Journalists Listed companies and issuers The AMF Enforcement Committee clears three individuals and one legal entity for insider dealing breaches
The AMF Enforcement Committee dismissed insider dealing charges against three individuals and one legal entity, determining insufficient evidence of inside information use or disclosure. This decision underscores the Committee's rigorous evidentiary standards in market abuse cases, offering reassurance to compliance teams that weak indicia alone do not trigger sanctions, while reinforcing the need for robust defenses in investigations. It matters because it provides interpretive guidance on proving insider dealing, potentially reducing overreach in enforcement but heightening focus on documentation and transaction rationales.
No new regulatory changes or requirements are introduced; this is an enforcement decision, not a rulemaking. It clarifies application of existing Market Abuse Regulation (MAR) rules under AMF jurisdiction, emphasizing that sanctions require concrete proof beyond timing, atypical trades, or plausible disclosure channels—such as unconvincing explanations alone are insufficient for liability. The ruling aligns with prior cases where the Committee has cleared parties when evidence falls short, as seen in decisions fining some but exonerating others based on similar factors.
Urgency: Medium—not critical as no new rules or fines imposed, but matters for firms under AMF scrutiny or with high insider dealing risk, as it illustrates acquittal thresholds (e.g., insufficient indicators like timing alone). Heightened relevance amid ongoing AMF enforcement wave on market abuse, where fines reached €1M+ in similar cases; strengthens case for investing in surveillance tech and training now to mitigate investigation risks.
AI-generated analysis. May contain errors or omissions — verify with the original AMF source before acting. Full disclaimer.
Anti-money Laundering Asset management AMF invites financial market participants to take part in the EBA consultation on draft AML/CFT implementing standards
The AMF is urging French financial market participants to engage in the EBA's consultation launched on March 6, 2025, on draft Regulatory Technical Standards (RTS) for AML/CFT implementing standards under AMLD6 and AMLR, focusing on harmonized risk assessment methodologies for supervisors and obliged entities. This matters because it signals a shift to uniform EU-wide AML/CFT supervision via AMLA (post-EBA handover on January 1, 2026), requiring firms to adapt to standardized risk indicators, data reporting, and enforcement, with new CDD rules applying from July 2027. Participation ensures firms influence final standards amid the transition to a single EU AML rulebook.
Urgency: High – While not yet final, the consultation shapes binding RTS under the new AMLA-led regime post-January 2026 handover, with direct rules from July 2027 requiring system upgrades and data readiness; delays risk non-compliance with harmonized supervision, higher sanctions, and AMLA scrutiny for large firms. Matters due to shift to uniform EU standards, ending national discretion and increasing reporting burdens—firms acting now can influence outcomes and future-proof via tech/governance investments.
AI-generated analysis. May contain errors or omissions — verify with the original AMF source before acting. Full disclaimer.
Markets Europe & international Other professionals Journalists Investment services providers The AMF calls on the European Commission for an ambitious strategy on the Savings and Investments Union project
Why this matters
This regulatory update from the AMF calls on the European Commission to develop an ambitious strategy for the Savings and Investments Union project, which is relevant for investment management firms, wealth managers, and banks that offer investment and savings products.
No description available.
Why this matters
This appears to be a general news update from CBI covering regulatory developments across multiple financial sectors and topics. The lack of a detailed description suggests this is informational content rather than a critical regulatory change.
Artificial intelligence Innovation Market infrastructures Post-trading infrastructures Markets The AMF shares the lessons learned from its latest experiments with automated processing of regulatory data
Why this matters
This regulatory update from the AMF discusses their experiments with automated processing of regulatory data, which is relevant for capital markets firms and their use of technology and data reporting.
Asset management Publication of the 2023 asset management key figures report
Why this matters
This regulatory update relates to the publication of the 2023 asset management key figures report, which is relevant for investment management and wealth management firms. The key topics covered are reporting and disclosure requirements, as well as authorization and licensing for these types of firms.