2026-04-09

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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Press Release

April 09, 2026

Federal Reserve Board announces termination of enforcement actions with Crédit Agricole S.A. and Crédit Agricole Corporate and Investment Bank, Mega International Commercial Bank Co., Ltd, and the Goldman Sachs Group, Inc.

For release at 11:00 a.m. EDT

The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below:

Crédit Agricole S.A., Paris, France, and Crédit Agricole Corporate and Investment Bank, Paris, France

Cease and Desist Order dated October 19, 2015 Terminated March 25, 2026

Mega International Commercial Bank Co., Ltd, Taipei, Taiwan, Mega International Commercial Bank Co., Ltd. New York Branch, New York, New York, Mega International Commercial Bank Co., Ltd. Chicago Branch, Chicago, Illinois, and Mega International Commercial Bank Co., Ltd. Silicon Vally Branch, San Jose, California

Cease and Desist Order dated January 17, 2018 Terminated March 25, 2026

The Goldman Sachs Group, Inc., New York, New York

Cease and Desist Order dated May 1, 2018 Terminated March 25, 2026

Additional enforcement actions can be searched for here .

For media inquiries, please email media@frb.gov or call 202-452-2955.

Last Update: April 09, 2026