Worldwide: Finance and Banking

Private credit valuation practices have evolved from informal processes into structured programs shaped by accounting standards and regulatory oversight. This article examines how U.S. and European approaches are increasingly aligned around governance and transparency, and why valuation readiness has become a core integration priority for firms acquiring UK/EU private credit platforms.

The Office of the Comptroller of the Currency has issued a landmark interpretive letter clarifying that national banks, including uninsured national trust banks, are exempt from state money transmitter licensing requirements when conducting federally authorized activities. This determination carries significant implications for digital asset firms operating under federal banking charters, potentially reshaping the regulatory landscape for cryptocurrency custody, stablecoin operations, and blockchain-based p

Texas and Colorado banking regulators entered into a joint consent order with a money transmitter over alleged deficiencies in its anti-money laundering compliance program, including late federal reporting, inadequate agent monitoring, and customer information safeguard failures. The company agreed to pay $200,000 in penalties and retain an independent compliance consultant without admitting the allegations.