In this issue:

- US Federal Banking Agencies Issue Guidance on Regulation Z and Regulation X

- European Banking Authority Consults on Identification Methodology for Global Systemically Important Institutions

- UK Regulator Publishes Final Rule on Biannual Branch Return Form for Third Country Bank Branches

- US Securities and Exchange Commission Proposes Executive Compensation Disclosure Rules

- US Securities and Exchange Commission Proposes Rule Regarding Cross-Border Application of Certain Security-Based Swaps Reporting Requirements

- US Commodity Futures Trading Commission Staff Issues Interpretive Letter to Ford Motor Credit Company

- European Securities and Markets Authority Recognizes Ten Third Country CCPs

- Federal Agencies Issue Final Rule on Minimum Requirements for Appraisal Management Companies

- UK Regulator Published Consultation on New PRA Rulebook

- Sarah Dahlgren to Resign from the New York Federal Reserve Bank

- Michael Brickman Named Deputy Comptroller for Thrift Supervision

- Upcoming Events

- Excerpt from US Federal Banking Agencies Issue Guidance on Regulation Z and Regulation X:

On April 30, 2015, the US Federal Financial Institutions Examination Council’s Task Force on Consumer Compliance issued interagency examination procedures for Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures Act). The procedures reflect recent amendments by the CFPB to Regulation Z and Regulation X that, among other things, revised and integrated the disclosures received in connection with certain closed-end mortgage loans. The guidance will become effective on August 1, 2015.