Topic: Bank regulation

ASIC cracks whip on SocGen securities unit after client money failures

Australia’s financial regulator has imposed new conditions on the licence of Société Générale’s local securities unit to ensure the it complies with client money regulations, a year after restarting its operations in the country.

15 June 2020

EU defends decision to grant BlackRock banking reg advisory role

The European Commission has told lawmakers it found no conflicts of interest in selecting asset manager BlackRock to advise on incorporating environmental and social factors into European banking regulations.

12 June 2020

EBA urges two-year amortisation period for software assets

The European Banking Authority has proposed a prudential amortisation period of two years for financial institutions’ software assets.

10 June 2020

Swedish regulator tells banks to step up disaster planning

Sweden’s regulator FI has told banks to improve their continuity management strategy, suggesting they include it as an integral part of their risk strategy.

09 June 2020

No dividend payments until next year, ESRB says

The European Systemic Risk Board is advising regulators to hold off until 2021 before allowing dividend payments, share buy-backs or bonuses.

09 June 2020

Chinese regulator overhauls financial crime rules

China’s banking regulator has announced new guidelines for financial institutions to deal with financial crime, in a move that could see banks held accountable for lax reporting and employee misconduct.

05 June 2020

Hinduja loses Cayman banking licence

The Cayman Islands’ financial regulator has revoked Geneva-based Hinduja Bank’s banking licence for a string of anti-money laundering and governance lapses.

03 June 2020

New EBA loan origination rules tighten lending procedures

The European Banking Authority has announced more intensive creditworthiness tests in new loan origination guidelines set to take effect next year, in a bid to reduce banks’ non-performing exposures.

01 June 2020

NatWest dodges Libor fixing suit after claim misses six-year deadline

NatWest has avoided an £8 million Libor-related consequential loss claim after an English judge ruled it had overshot its limitation period by a fortnight.

29 May 2020

EBA warns over NPL exposures in first covid-19 stocktake

Europe’s banking regulator has warned that there may be a greater need for mergers and consolidation to address overcapacity, in its first stock-take on the impact of covid-19 on the banking sector.

27 May 2020

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