REGULATORY UPDATES
What changed. What needs review.
Selected developments for banking and fintech teams. Save a record, assess its effect and assign follow-up work.
Selected US source snapshots checked 4 October 2026. This is not a comprehensive or real-time feed. A scope match is a review lead, not a legal applicability decision.
A second account does not always need a new beneficial-owner check
Covered institutions may adopt account-opening relief. First-account checks, unreliable information and risk-based ongoing CDD remain relevant.
Decide whether to adopt the relief and record the approved CDD procedure. An existing stricter policy does not change automatically.
Source and review date
Source text checked 2026-10-04; applicability is assessed by you.
SR 26-2 replaces the earlier model-risk guidance
The covering letter replaces SR 11-7 and SR 21-8. It expects greatest relevance for Federal Reserve-regulated banks above $30 billion in assets.
Check supervisor and model use, review outdated policy references, and read the full attachment before assessing controls.
Source and review date
Source text checked 2026-10-04; applicability is assessed by you.
Third-party risk guidance is proposed, not final
The OCC bulletin proposes a risk-based revision to third-party guidance. It is not a new effective obligation.
Track the proposal and assess its possible effect on partner-bank and vendor oversight. Distinguish proposed changes from current approved controls.
Source and review date
Source text checked 2026-10-04; applicability is assessed by you.