Topic: Bank regulation

FinCEN’s AML priorities list over-broad, critics say

Critics have called FinCEN’s first set of national anti-money laundering priorities too broad for banks to find useful, with tighter regulations not expected for months.

01 July 2021

EBA to remedy “divergent” treatment of third country branches

The European Banking Authority has proposed centralising equivalence assessments for new third country bank branches, to remedy what it sees as “considerable” divergence in the bloc.

30 June 2021

“Baffled” AMF rejects ESMA disapproval of liquidity contracts practice

France’s financial regulator has said it will plough ahead with proposals to revise its accepted market practice for liquidity contracts, despite last month’s negative review from the EU’s securities and markets regulator.

30 June 2021

True lender rule killed in Congress

The US Congress has voted to rescind a controversial “true lender” rule regulating bank-tech partnerships, a leftover of the Office of the Comptroller of the Currency’s Trump-era policies, with votes falling along party lines.

28 June 2021

FCA pushes to net zero in climate disclosure plans

Issuers of listed securities and asset managers will need to make climate disclosures under new FCA proposals, seeking to bring financial regulation in line with the UK’s 2050 net-zero goal.

24 June 2021

CCPs’ own stress tests insufficient, BoE says in supervisory proposals

The Bank of England will begin stress-testing central counterparties this year, in what it calls a bid to increase transparency and public confidence.

23 June 2021

TIGRR report targets EU-legacy regulation

A government taskforce formed to revamp UK regulation post-Brexit has recommended dumping EU rules for a less prescriptive common law approach – including a more aggressive transition to open banking, a hybrid CBDC and a “graduated” capital requirements regime for challenger banks.

21 June 2021

­Disclosure requirements around NPLs should increase, EC says

The European Commission has called for greater transparency around non-performing loan exposures in order to foster investor buy-up.

17 June 2021

Industry bodies push back against SEC climate disclosure goals

Industry figures have begun the push to influence the SEC’s plans for climate-related disclosures, which the regulator’s newly-released work agenda has slated for publication this autumn.

16 June 2021

Basel urges strict “cliff edge” two-tier cryptoasset regulation

Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.

14 June 2021

Get unlimited access to all Global Banking Regulation Review content