The European Banking Authority’s ability to react to new challenges and risks in the sector could be compromised, after an EU advocate-general said its guidelines on retail banking should be declared “invalid”.
21 April 2021
The EU’s banking watchdog has announced broader disclosure requirements for large investment banks.
08 April 2021
The Dutch government has hired the head of the European Union’s securities regulator to lead its banking supervision department.
25 March 2021
Australia’s prudential regulator has proposed tightening its banking licence regime to ensure “long term sustainability” from new entrants, as two challenger banks announce their exit from the country’s banking sector less than two years after gaining their permits.
23 March 2021
Europe’s top banking regulator has announced changes its deposit guarantee scheme stress testing regime, after the first round of testing showed a lack of robustness.
15 March 2021
UK practitioners have welcomed proposals recommending a new regulatory framework for the fintech sector.
02 March 2021
The UK’s Financial Conduct Authority has told foreign financial institutions it will monitor all their activities, including those that fall outside its remit and non-UK-based business, before granting them a licence to operate in the country.
04 February 2021
Singapore has granted its banking regulator increased powers to monitor a wider range of companies offering cryptocurrency services, in a bid to counter money laundering and terrorist financing through digital service providers.
11 January 2021
The Reserve Bank of India has proposed allowing large conglomerates to obtain banking licences, a move its former governor has said would allow for self-lending and conflicted ownership structures.
25 November 2020
US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.
22 October 2020
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