Topic: Compliance

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

29 June 2022

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 UK government has proposed expanding its financial regulators’ powers over third party providers including cloud-based data centres.

15 June 2022

The US Treasury’s financial crime enforcer is considering expanding its discretionary repertoire to include no-action letters in cases of compliance failure.

13 June 2022

China’s principal banking regulator has issued a “very specific” rulebook for banks’ green finance activities.

08 June 2022

Foreign investors in Shanghai and Shenzhen will be able to directly trade Chinese bonds from July under new reforms, as China completes the opening up of its onshore bond market.

01 June 2022

The second largest bank in Southeast Asia has been ordered to raise its regulatory capital over following criticism from Singapore’s regulator of its scam response.

01 June 2022

An Australian court has ruled for the first time that cybersecurity risks should be included in financial service licensees’ risk management obligations.

16 May 2022

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

Binance, labelled by the UK’s Financial Conduct Authority as “not capable” of being effectively supervised, will settle its European operations in Paris after securing approval from France’s Financial Markets Authority.

05 May 2022