Topic: Bank regulation

FDIC launches new appeals office

The United States’ federal deposit insurer has replaced its appeals committee with a new Office of Supervisory Appeals despite concerns that its new setup could undermine its independence from the banking sector.

08 December 2021

FCA proposes banning Greensill-style “regulatory hosting”

The UK’s Financial Conduct Authority has proposed banning regulatory hosting regimes, used by the now-collapsed supply chain finance group Greensill to operate in the UK without a banking licence, saying the scheme is causing a “wide range of harm”.

06 December 2021

ASIC fines Westpac A$113 million in “unprecedented” multiple proceedings

A “disappointed” Australian Securities and Investments Commission has launched six civil penalty proceedings against Westpac – the first time the regulator has ever brought multiple proceedings against a single respondent – just months after the securities regulator brought in its “game changer” post-Royal Commission misconduct reforms.

02 December 2021

APRA changes capital requirements, favours small banks

Australia’s new bank capital framework has introduced a two-tier system with simplified requirements for small banks – but while the regulator says it won’t be asking big banks to raise more capital, Macquarie says it nevertheless anticipates a A$2.2 billion hit to its capital surplus.

01 December 2021

Australia’s rule-free climate risk guidelines fall short, critics say

Australia’s newly-released guidance on managing climate change risks doesn’t go far enough, environmental groups have said, criticising the lack of prescribed rules.

29 November 2021

EU regulators step up SREP for investment firms

Two EU regulators have outlined their plans for investment firms’ supervisory review and evaluation process, including a new scoring system for EU banks and additional own funds requirements.

22 November 2021

Fed governor casts doubt on plans for stablecoin regulation

Federal Reserve governor Christopher Waller has claimed that stablecoins should be left unfettered of traditional regulation, despite growing industry calls for treating stablecoin issuers like banks.

18 November 2021

EBA targets bank licensing in latest harmonisation move

The European Banking Authority has released new banking licence guidelines in a bid to standardise the authorisation procedure across the bloc’s member states.

15 November 2021

Ex-JPMorgan VP says she was fired for raising compliance concerns

An ex-JPMorgan compliance executive has complained of “material misconduct” in a lawsuit directed at her former employer which alleges gaps in the bank’s compliance controls.

15 November 2021

US Treasury hints at SLR loosening

The US Treasury has indicated that a review of the supplementary leverage ratio is nearing, as industry voices call for a reversal to last year’s SLR relief measures.

11 November 2021

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