Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market. This edition covers: US FDIC Chair focuses on risk based mitigation to climate risks UK financial services regulator updates its rulebook Will UK mandate reimbursements for APP scams? Amended guidance to reflect UK’s 2022 Money Laundering Regulations UK’s Economic Crime Bill 2.0 enters legislative process The EU releases its eighth package of sanctions against Russia UK plans further response to Russian activities Bank of England to change stress testing to the UK banking system FCA outlines observations regarding transaction reporting and instrument reference data regimes New York Supreme Court issues decision that newly enacted provision of CPLR 5004 does not apply to foreclosure judgments