Topic: Bank regulation

Credit Suisse fined in Swiss money laundering case

A Swiss court has fined Credit Suisse over deficiencies in its anti-money laundering controls dating back to 2007.

29 June 2022

UK industry body calls for AI fairness guidance

The UK’s largest banking association has called on regulators to issue fairness guidance for artificial intelligence.

27 June 2022

“Not enthusiastic, to put it mildly”: digital euro plans face public unease

The European Commission’s consultation on a potential digital euro has now closed, but responses show widespread opposition to the suggestion of a European CBDC.

23 June 2022

Basel focuses on pay in new climate risk standards

Internationally active banks should align their pay with climate risk, the Basel Committee on Banking Supervision has said, as it issues its final rulebook on the subject.

17 June 2022

The green bubble: why BIS thinks we can’t rely on banks to drive a transition

In a new paper, senior figures at the Bank for International Settlements say it is “unrealistic” to expect the banking industry to provide resources for a green transition in the absence of government policy.

15 June 2022

Three major UK banks falling short with resolution plans, BoE says

The Bank of England has found “shortcomings” in three major UK banks’ resolution plans, despite finding those same banks are no longer “too big to fail”.

13 June 2022

“A big first step”: Lummis-Gillibrand proposes CFTC as primary crypto regulator, seeks automatic Fed accounts for fintechs

A bipartisan crypto bill, coming to the US Senate just weeks after the Terra stablecoin crash, looks set to re-energise the conversation around crypto regulation as market participants both applaud and decry its proposals.

10 June 2022

EU pilots crypto regulatory exemption regime

After a two-year legislative process, the European Union has finally piloted an “out of character” EU-wide sandbox that will grant some crypto firms “momentous” regulatory exemptions.

08 June 2022

Less than half of Australian banks assessing emissions, APRA’s Byres says

The head of Australia’s prudential regulator has criticised banks for not keeping to climate guidance, as the country elects new leadership in what was dubbed the “climate election”.

01 June 2022

Canadian regulator “misses opportunity” with bank climate proposals

Canada’s financial regulator has released proposals to ramp up climate risk disclosures and stress testing, prompting criticism it has missed its opportunity to specify alignment with net zero targets.

30 May 2022

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