The financial services industry continues to face growing cyber risks in 2025. Read our newest article, Safeguarding the Financial Services Industry Against Top Cybersecurity Threats in 2025, co-written with Summit Financial Group to stay on top of these threats.

Read our article Bank Mergers and Acquisitions Outlook for 2025 by Stephen K. Curry and Steven Patrick for insights into the current Bank Mergers and Acquisitions environment.

Read Scott Bessent's remarks to the Federal Reserve Capital Conference.

The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference...At the conference in Washington, regulatory officials, bankers, industry lawyers and other experts discussed a range of tougher bank rules put in place after the 2008 financial crisis, and ways to refine them.

The prospect of a more favorable regulatory environment for digital assets has large lenders exploring or plotting stablecoin plans, JPMorgan, BofA, Citi and U.S. Bank executives indicated this week.

The House passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with strong bipartisan support.

This update describes the key components of the anti-money laundering and countering the financing of terrorism (AML/CFT) and sanctions compliance requirements under the GENIUS Act.