Banking and Finance Law Daily Wrap Up, REGULATION TRACKER—Upcoming comment deadlines and effective dates, (Mar 23, 2026)

By WK Editorial Staff

Comment deadlines and effective dates for regulatory activity issued by the federal financial institution agencies.

The Banking and Finance Law Daily Regulation Tracker includes a Proposed Rules Comment Calendar and a table of Final Rule Effective Dates. Recent activity includes the following:

The Federal Housing Finance Agency has made a technical amendment to its Private Transfer Fee Covenants (PTFC) Regulation. The PTFC Regulation restricts FHFA’s regulated entities—the Fannie Mae, Freddie Mac, and the Federal Home Loan Banks—from purchasing, investing in, accepting as collateral, or otherwise dealing in mortgages on properties encumbered by certain types of PTFCs, or related securities, subject to certain exceptions. The technical amendment reinstates timing and transitional applicability (‘‘grandfather’’) exceptions that were removed by FHFA’s 2024 amendments to the PTFC Regulation. The reinstated ‘‘grandfather’’ exceptions are applicable nunc pro tunc beginning July 16, 2012.

The Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation have proposed to modernize the capital requirements applicable to Category I and II depository institution holding companies and depository institutions, as well as revise the market risk capital framework for banking organizations with significant trading activity. The proposal would improve the regulatory capital framework for covered banking organizations by enhancing the framework’s risk sensitivity and consistency and by simplifying core components of its design. The agencies expect the proposal would support the safety and soundness of covered banking organizations and U.S. financial stability while promoting lending and other financial intermediation activities in the banking system over a range of economic conditions.

The OCC, Fed, and FDIC also issued a second proposed rulemaking affecting their regulatory capital requirements. This proposed rulemaking would revise the risk-based capital treatment of certain exposure categories under the standardized approach, focusing on improving the calibration and risk sensitivity of risk weights that are particularly material to covered banking organizations’ lending activities. The proposal would also modify the definition of regulatory capital by removing the threshold-based deduction for mortgage servicing assets for all banking organizations subject to the regulatory capital rule, including banking organizations subject to the community bank leverage ratio framework. Finally, the proposed rulemaking would require Category III and IV banking organizations to recognize most elements of accumulated other comprehensive income in their regulatory capital.

The Fed has issued a proposed rulemaking that would amend the Fed’s rule that identifies and establishes risk-based capital surcharges for U.S. global systemically important bank holding companies (GSIBs). The proposal would also amend the Systemic Risk Report (FR Y-15), which is the source of inputs to the implementation of the GSIB framework under the capital rule. The proposal would also remove the risk-weighted assets denominator from the short-term wholesale funding indicator; reduce incentives for the GSIBs to make temporary adjustments to reported indicators of systemic risk at year-end; and reduce cliff effects by assigning surcharges in increments of 10 basis points rather than 50 basis points.

Finally, the FDIC has adopted a final rule to provide that the FDIC will insure deposits of all branches of U.S.-insured depository institutions in the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau, whether operating presently or in the future. This final rule follows an interim final rule with request for comment issued by the FDIC in August 2024.

See the Regulation Tracker for details.

RegulatoryActivity: BankHolding BankingOperations CapitalBaselAccords DepositInsurance FinancialStability PrudentialRegulation Receiverships