The Committee believes that the financial services regulators are not doing enough to manage the risks presented by AI. By Becky Critchley, Gary Whitehead, and Charlotte Collins On 20 January 2026, the House of Commons Treasury Select Committee published a report on AI in financial services. This follows an inquiry that was launched in February...

Failing to adequately manage Material Non-Public Information (MNPI) remains a high-risk area for compliance, as evidenced by recent actions in the United States, the United Kingdom and across the globe for issues including insufficient insider trading compliance policies, market abuse and failure to effectively manage insider information.

The Federal Court in Sydney has sentenced a former investment manager for an ASX-listed asset management firm to a total sentence of 6 years’ imprisonment for insider trading and procuring others to trade in listed securities. The sentence also took into account a further offence involving unlicensed financial services over a 9-month period.

PRESS RELEASE | JANUARY 30, 2026 First Independence Bank, Detroit, Michigan, Assumes All Deposits of Metropolitan Capital Bank & Trust, Chicago, Illinois WASHINGTON — Metropolitan Capital Bank & Trust was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with First Independence Bank to assume substantially all deposits of Metropolitan Capital Bank & Trust. Metropolitan Capital Bank & Trust’s sole office will reopen as a branch of First Independence Bank during its normal business hours on Monday, February 2, 2026. Depositors of Metropolitan Capital Bank & Trust will automatically become depositors of First Independence Bank. The deposits assumed by First Independence Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship. Customers of Metropolitan Capital Bank & Trust will have immediate access to their deposits. Over the weekend, they can access their deposits by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual. Customers with questions should contact the FDIC toll-free at 1-866-314-1744 or visit the FDIC’s website. This phone number will be operational this evening until 9:00 p.m., Central Time (CT); on Saturday from 9:00 a.m. to 6:00 p.m., CT; on Sunday from noon to 6:00 p.m., CT; Monday from 8:00 a.m. to 8:00 p.m., CT; and thereafter from 9:00 a.m. to 5:00 p.m., CT. As of September 30, 2025, Metropolitan Capital Bank & Trust reported total assets of $261.1 million and total deposits of $212.1 million. First Independence Bank agreed to assume substantially all deposits at the time of closing. It will also purchase approximately $251 million of the failed bank’s assets. The FDIC will retain the remaining assets for later disposition. The FDIC preliminarily estimates that the failure will cost its Deposit Insurance Fund (DIF) about $19.7 million. The estimate will change over time as retained assets are sold. Metropolitan Capital Bank & Trust is the first bank to fail in the nation this year. # # # MEDIA CONTACT: MediaRequests@fdic.gov     The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

Federal Reserve Board announces approval of application by Cornerstone Capital Bancorp, Inc.

The Securities and Exchange Commission today announced the appointment of Demetrios (Jim) Logothetis, as Chairman, and Mark Calabria, Kyle Hauptman, and Steven Laughton, as Board members, of the Public Company Accounting Oversight Board (PCAOB). George…

The FCA is seeking views on proposals to update its climate-related disclosure rules for listed issuers to align with the new UK SRS. By Mark Austin CBE, Michael D. Green, Nicola Higgs, Betty M. Huber, Anne Mainwaring, James Bee, Toon Dictus, and Sara Sayma Key Points: Summary of the FCA’s Proposals Under UKLR 6, UKLR...

PRESS RELEASE | JANUARY 30, 2026 FDIC Publishes Enforcement Orders for December 2025 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in December 2025. There are no administrative hearings scheduled for February 2026. Orders Terminating Consent Orders: Luana Savings Bank, Luana, Iowa Thread Bank, Rogersville, Tennessee Orders of Termination of Insurance: 1st Bank Yuma, Yuma, Arizona First Community Bank of Cullman, Cullman, Alabama Winter Park National Bank, Winter Park, Florida December 2025 Enforcement Decisions and Orders # # # MEDIA CONTACT: MediaRequests@fdic.gov     The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

Federal Reserve Board announces appointment of seven members, including four new members, to its Insurance Policy Advisory Committee (IPAC)

Investment in crypto and digital assets is mainstream. What was once considered niche and emerging is now a core component of a modern investment strategy. With regulatory approaches around the globe both evolving and fragmented, financial services firms need a framework to navigate compliance requirements and manage employee personal trading across jurisdictions as rules continue to take shape.