Topic: Bank regulation

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

“We are at a crossroads”: what’s next for regulation in the UK?

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

France to host Binance Europe

Binance, labelled by the UK’s Financial Conduct Authority as “not capable” of being effectively supervised, will settle its European operations in Paris after securing approval from France’s Financial Markets Authority.

05 May 2022

Fed master account proposals draw industry backlash

The Federal Reserve’s proposal to allow fintechs access to central bank accounts has prompted six US banking bodies to express constitutionality concerns, calling on the regulator to reconsider its plans.

25 April 2022

FCA raises alarm over challenger banks’ customer onboarding

The UK’s Financial Conduct Authority has raised concerns over weaknesses in challenger banks’ check-ups when they are onboarding new customers.

25 April 2022

FCA delivers revised diversity proposals

Saying they will speed up the “pace of change”, the UK’s Financial Conduct Authority has revised its plans for firms to disclose their diversity figures, allowing firms to gather diversity data by their own chosen means.

22 April 2022

Biden’s pick for Fed supervisor: how will industry react?

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

“Slow the pace of growth”: IMF calls for regulatory parity for neobanks and decentralised finance to combat liquidity risks

The International Monetary Fund has warned about emerging risks and urged regulators to reinforce the rules regarding fintech development.

14 April 2022

SocGen sells Russian arm to oligarch-owned Interros

French bank Société Générale will sell its banking activities in Russia back to Interros, a holding company controlled by Russian billionaire Vladimir Potanin, the latest in a stream of international banks to exit the country.

14 April 2022

Get unlimited access to all Global Banking Regulation Review content