Topic: Banking regulators

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

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

The US securities regulator is set to turn its cyber unit into a newly reinforced crypto and cyber unit, as the CFTC, CFPB, OCC and FDIC all make overtures to regulating the space.

05 May 2022

The Federal Reserve’s proposal to allow fintechs access to central bank accounts has prompted six US banking bodies to express constitutionality concerns, calling on the regulator to reconsider its plans.

25 April 2022

Saying they will speed up the “pace of change”, the UK’s Financial Conduct Authority has revised its plans for firms to disclose their diversity figures, allowing firms to gather diversity data by their own chosen means.

22 April 2022

Regulators in the EU, Canada and the Financial Stability Board have all warned that Russia’s invasion of Ukraine war is exacerbating existing commodity market, environmental, and cyber security risks.

22 April 2022

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

US Treasury Secretary Janet Yellen has called for “tech-neutral” regulation in the cryptocurrency space that acknowledges the associated risks, as the Federal Deposit Insurance Corporation calls on US banks to notify it when engaging in crypto-related activities.

11 April 2022

The European Commission has become the latest body to address climate risk reporting at banks, less than a week after the ISSB issued its draft global standards for sustainability disclosures.

07 April 2022

Credit Suisse has told shareholders that some investors may not be able to recover money lost in the Greensill collapse, and that litigation to recoup funds could take “around five years”.

06 April 2022