Daily · US Bank Reporting and UK Administration · October 27, 2026

Key points

US Call Report Revisions for Housing Act Compliance

The OCC, the Board, and the FDIC have requested public comment on proposed revisions to the Consolidated Reports of Condition and Income (Call Report), specifically forms FFIEC 031, FFIEC 041, and FFIEC 051. The Federal Financial Institutions Examination Council (FFIEC) approved the agencies' publication of this proposal for public comment.

The revisions are designed to align reporting requirements with an interim final rule issued by the FDIC that implements section 902 of the 21st Century ROAD to Housing Act. The proposal includes an extension of the Call Report for three years. The agencies received emergency approval from the Office of Management and Budget (OMB) for these specific revisions.

This development affects the compliance reporting scope and data collection processes for regulated banks in the United States, as they will need to adjust their reporting frameworks to accommodate the new requirements related to the Housing Act.

Bullseye Financial Enters Administration

Bullseye Financial Ltd, an investment firm authorised by the Financial Conduct Authority (FCA), entered administration on 23 October 2026. Robert Young of Azets Holdings Limited and Matthew Haw of RSM UK Restructuring Advisory LLP were appointed as joint administrators to manage the firm's affairs.

Bullseye Financial served exclusively professional investors, managing investment portfolios within agreed limits or executing buy and sell instructions without providing investment advice. Prior to entering administration, the firm agreed on 11 March 2026 to a voluntary requirement to cease carrying out any regulated activity.

Clients and counterparties of Bullseye Financial must now direct all portfolio and instruction matters to the appointed administrators. This event represents a significant operational change for those holding positions or having contractual obligations with the firm.

Cboe Clear U.S. Granted Temporary Registration

The SEC issued an order granting Cboe Clear U.S., LLC temporary registration as a clearing agency under Section 17A of the Securities Exchange Act of 1934. The order was based on an application, as amended, submitted by the company.

This temporary registration affects US market infrastructure by adding a new entity to the list of authorised clearing agencies. Participants in the US markets may now consider Cboe Clear U.S., LLC as an option for clearing services during the temporary period.

ECB Publishes October Bank Lending Survey

The European Central Bank (ECB) published its October 2026 euro area bank lending survey. This periodic report provides current indicators of credit conditions in the euro area, which are relevant for financing and risk assessment decisions.

Our read

The proposed revisions to the US Call Report signal a tightening of data collection requirements linked to housing policy, requiring banks to update their reporting systems within the three-year extension window. The administration of Bullseye Financial highlights the fragility of niche investment firms serving professional clients, where a voluntary cessation of activity can quickly escalate into insolvency. Meanwhile, the temporary registration of Cboe Clear U.S. introduces a new player into the US clearing infrastructure, potentially increasing competition among clearing agencies.

This digest was produced automatically by a large-language-model system from the regulator publications and official sources listed below; it is AI-generated content and may contain inaccuracies. It is not legal advice — verify wording and deadlines against the original documents.

Sources