Topic: Bank regulation

EBA calls for greater detail in “non-logical” investment policy disclosures

The EU’s banking watchdog has announced broader disclosure requirements for large investment banks.

08 April 2021

Dutch central bank recruits ESMA chair

The Dutch government has hired the head of the European Union’s securities regulator to lead its banking supervision department.

25 March 2021

Australian regulator tightens bank licence requirements as neobanks exit

Australia’s prudential regulator has proposed tightening its banking licence regime to ensure “long term sustainability” from new entrants, as two challenger banks announce their exit from the country’s banking sector less than two years after gaining their permits.

23 March 2021

EBA proposes revamped stress tests for deposit guarantee schemes

Europe’s top banking regulator has announced changes its deposit guarantee scheme stress testing regime, after the first round of testing showed a lack of robustness.

15 March 2021

Treasury fintech review urges unified UK regulatory strategy

UK practitioners have welcomed proposals recommending a new regulatory framework for the fintech sector.

02 March 2021

FCA to reach beyond remit in “holistic” authorisation process for non-UK firms

The UK’s Financial Conduct Authority has told foreign financial institutions it will monitor all their activities, including those that fall outside its remit and non-UK-based business, before granting them a licence to operate in the country.

04 February 2021

Singapore regulator gets new powers over crypto payments

Singapore has granted its banking regulator increased powers to monitor a wider range of companies offering cryptocurrency services, in a bid to counter money laundering and terrorist financing through digital service providers.

11 January 2021

“This is a bad idea”: RBI faces pushback from ex-governor over bank ownership overhaul

The Reserve Bank of India has proposed allowing large conglomerates to obtain banking licences, a move its former governor has said would allow for self-lending and conflicted ownership structures.

25 November 2020

US regulators approve new-look liquidity rule despite opposition

US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.

22 October 2020

FATF and Hong Kong regulators target crypto and anonymity “red flags”

Reports released from the Financial Action Task Force and Hong Kong’s securities regulator have pointed to money laundering and terrorism financing “red flags” arising from the use of crypto asset exchanges.

28 September 2020

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