Topic: Bank regulation

The CEOs of the seven biggest US retail banks have faced questions over their ESG-focused initiatives and a spate of user account frauds at P2P network Zelle, in their annual grilling before the US Senate’s banking committee.

26 September 2022

The White House has released what it calls the “first-ever comprehensive framework” for digital assets in the United States, but practitioners speaking to GBRR question its claim to that title, calling it late, frustrating, and a patchwork of already-existing practices.

22 September 2022

The British government is reportedly looking to abolish limits on bankers’ bonuses, in what practitioners tell GBRR would be a “high-profile” departure from EU regulatory standards.

21 September 2022

Panellists from two of the US’ largest regulators discussed the challenges of a US$150 trillion climate transition with representatives of the US Treasury and Goldman Sachs at the Bank Policy Institute-The Clearing House’s annual conference in New York.

15 September 2022

The Abu Dhabi Global Market, Abu Dhabi's financial centre, has announced new principles guiding its approach to virtual asset supervision as it vies with Dubai for the role of the region’s crypto hub.

15 September 2022

The UK’s Prudential Regulation Authority has said it will take on “wider rulemaking responsibilities” and take advantage of post-Brexit freedoms, amid political shifts over the proper mandate for regulators in the UK.

08 September 2022

The US Federal Reserve has ended a 10-year-long enforcement action against HSBC for failures in its anti-money laundering procedures.

07 September 2022

Crypto exchanges in the UK must now comply with the same strict Russian sanctions requirements as their counterparts in banks, according to updated guidance issued by the UK government.

07 September 2022

The financial regulator of Abu Dhabi’s free zone has fined fintech Wise for a series of poor money laundering controls, months after the FATF cited the UAE’s lax enforcement against money laundering in its decision to greylist the country.

01 September 2022

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022