Regulatory Alerts2026-04-09
Federal Reserve Board Announces Termination of Enforcement Actions with Crédit Agricole, Mega International Commercial Bank, and Goldman Sachs
The Federal Reserve Board terminated the Cease and Desist Orders against Crédit Agricole S.A., Mega International Commercial Bank Co., Ltd., and The Goldman Sachs Group, Inc. All three institutions completed their compliance obligations by March 25, 2026, effectively ending regulatory oversight stemming from orders issued between 2015 and 2018. This action resolves prior enforcement findings regarding risk management, governance, and operational controls without requiring further corrective measures or additional penalties.
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