Topic: Bank regulation

Dubai establishes world’s first dedicated crypto regulator

The Emirate of Dubai has announced a legal framework for virtual assets alongside a tailor-made regulator to oversee the sector.

10 March 2022

Covington and Troutman Pepper make reinforcements

Covington & Burling has rehired a former partner from WSFS Bank, as Troutman Pepper adds a counsel to its financial services practice.

07 March 2022

Sberbank Europe “failing or likely to fail”, ECB says

The European Central Bank has warned Sberbank Europe is “failing or likely to fail”, following deposit outflows prompted by Russia’s invasion of Ukraine.

01 March 2022

Bank of Pakistan “disregarded” numerous warnings, regulators say

US regulators have fined the National Bank of Pakistan over US$55 million for apparent 8-year-long deficiencies in anti-money laundering measures at the bank’s New York operation.

25 February 2022

ESG and diversity emphasised in Dutch corporate governance update

One of the Netherlands’ regulating bodies has shoehorned climate change into an update to its guide for financial institutions’ corporate governance, saying that ESG strategy was the most important thing for companies to build into their futures.

24 February 2022

Binance operations in UK concerning, says FCA

The UK’s financial watchdog has said it has “limited powers” to object to a partnership that will see banned crypto firm Binance able to operate in the UK again.

23 February 2022

Fed tightens trading rules for Fed officials: individual stocks, bonds and crypto trading banned

The US Federal Reserve has put new rules into place for its officials’ trading activity after the resignations of three high-ranking officials following questions over their trades during the covid-19 pandemic.

21 February 2022

Crypto assets a threat to global stability, FSB says

Crypto-assets’ too-rapid evolution may threaten global financial stability, according to a new warning issued by the Financial Stability Board (FSB), the same day as 18 crypto companies join together to propose an “industry-driven solution” for crypto to comply with FATF standards.

17 February 2022

Climate risk measures are fragmenting across the globe, industry bodies warn

As climate consultations from the OCC and the BCBS drew to an end this week, industry bodies have warned their respective proposals could create a “fragmented” climate risk landscape and funnel too many regulatory resources towards uncertain and disparate climate requirements.

16 February 2022

Rabobank funnels €249m into AML controls in shadow of punitive fine

Rabobank has allocated a nine-figure sum towards its anti-money laundering processes, following warnings from Dutch regulators.

14 February 2022

Get unlimited access to all Global Banking Regulation Review content