Topic: Data collection

Sanction banks standing in the way of PSD2 success, EBA says

The European Banking Authority has told national regulators to take supervisory measures against banks that fail to remove obstacles to open banking under the second Payments Services Directive.

24 February 2021

Deutsche brokerage faces penalty for 19-year recordkeeping breach

Ropes & Gray is advising Deutsche Bank’s US brokerage, which has agreed a US$2.5 million settlement for failing to maintain an adequate electronic recordkeeping system for almost two decades.

08 January 2021

Hong Kong proposes client ID requirements

Hong Kong banks should submit names of their clients dealing in securities to a central repository, under proposals unveiled by the city’s securities regulator.

11 December 2020

DFS first US regulator to explicitly call for climate risk integration

New York’s financial regulator has become the first US-based agency to explicitly tell banks to incorporate climate risks into their models, as the Financial Stability Board’s climate task force says banking ranks lowest of all industries in disclosing climate-related targets.

04 November 2020

FSB finalises “more proportionate” cyber response toolkit

The Financial Stability Board has published a finalised cyber response toolkit, after critics said its earlier draft guide could prove to be a financial burden for smaller banks.

26 October 2020

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