A G20 report says the benefits to cross-border payments from technological advances will be limited if states don’t coordinate their regulatory frameworks as well.
14 July 2020
Malta is considering giving its prudential and conduct regulator new supervisory and investigative anti-money laundering powers, as the ECB terminates a local bank’s licence over AML failings.
10 July 2020
The Cypriot securities regulator has fined Germany’s Commerzbank €650,000 after finding it helped inflate the share price of a defunct local bank, in what is thought to be the largest case of market manipulation ever investigated on the island.
08 July 2020
Clifford Chance’s local partner is advising Saudi Arabia’s biggest bank in a merger predicted to spur others in the region – as the European Central Bank announces plans to lower the bar for EU bank mergers.
03 July 2020
The European Banking Authority has put forward proposals to clarify when regulators should use early intervention measures, after finding that half of all competent authorities surveyed have not applied them when required.
29 June 2020
Hong Kong’s Securities and Futures Commission has fined the local branch of Chinese investment bank Guotai Junan Securities for its handling of third party fund transfers, anti-money laundering breaches and wash trades.
26 June 2020
German regulator BaFin is facing questions over its supervision of fintech company Wirecard, which announced on Monday that €1.9 billion had vanished from its balance sheet.
24 June 2020
Hong Kong’s securities watchdog has criticised Chinese investment bank CICC for failing to disclose information related to two transactions, with the bank introducing new compliance and reporting measures in response.
19 June 2020
The Australian Securities and Investments Commission will be able to penalise financial products “likely to result in significant consumer detriment” with outright bans, promotional restrictions, and with restrictions to certain classes of consumer, under newly-released guidelines.
17 June 2020
Sweden’s banking regulator is proposing a new method for assessing capital contributions within Pillar 2 for interest rate risks outside the trading book.
17 June 2020
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