Topic: Banking regulators

Joe Biden’s nominee to be the Federal Reserve’s vice chair for supervision has withdrawn her name from consideration, after a key Democratic senator announced his opposition to her confirmation.

16 March 2022

The United States’ securities watchdog has released new cybersecurity rules mandating public companies to disclose all cyber-attacks within four days – posing a “significant burden” on banks, according to practitioners.

14 March 2022

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

10 March 2022

The UK Treasury has confirmed the abolition of regulations including the share trading obligation following the response to its post-Brexit Wholesale Markets Review.

07 March 2022

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

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

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

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

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’ 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