Topic: Banking regulators

The US Federal Reserve’s watchdog has said that chair Jerome Powell and former vice-chair Richard Clarida did not violate any laws during a 2020 trading scandal.

18 July 2022

At a Bank of England event, the US Federal Reserve’s vice-chair Lael Brainard has outlined a case for crypto-asset and stablecoin regulation and called for banks to second-guess their crypto involvement.

11 July 2022

The US Federal Deposit Insurance Corporation does have the power to block improper “golden parachutes” even where the payment amount is unknown, a US appeals court has ruled, overturning a lower court ruling.

07 July 2022

Australian firms will need to consider their chiefs’ non-financial performance in remuneration decisions, according to a new proposal from the country’s prudential regulator.

07 July 2022

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

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

29 June 2022

The UK’s largest banking association has called on regulators to issue fairness guidance for artificial intelligence.

27 June 2022

The European Commission’s consultation on a potential digital euro has now closed, but responses show widespread opposition to the suggestion of a European CBDC.

23 June 2022

The long-serving director-general of Sweden’s financial regulator has been appointed as the next governor of its central bank.

20 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