bank regulation

UK’s FCA: Financial Firms Must Improve Treatment of Politicians

UK’s FCA: Financial Firms Must Improve Treatment of Politicians
UK’s FCA: Financial Firms Must Improve Treatment of Politicians
July 18, 2024  |  Legal & Regulation

The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants...

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Will Supreme Court Rulings Keep Federal Regulators in Court?
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024  |  Legal & Regulation

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come...

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ECB Official Says Unregulated Banking Could Threaten Financial Stability
ECB Official Says Unregulated Banking Could Threaten Financial Stability
July 10, 2024  |  Banking

A European Central Bank board member is warning of threats tied to shadow banking. Get the Full Story Complete the form to unlock this article and enjoy...

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Regulators Wary of Banks Outsourcing to Tech Firms
Regulators Wary of Banks Outsourcing to Tech Firms
July 09, 2024  |  Bank Regulation

A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. Get the Full Story Complete the form to unlock this...

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DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
July 01, 2024  |  AML

Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. Get the Full Story Complete the form to unlock this...

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FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
June 21, 2024  |  Bank Regulation

Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...

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Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
June 20, 2024  |  Authentication

For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. Get the Full Story...

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Swiss Regulator Says HSBC Violated Money Laundering Regulations
Swiss Regulator Says HSBC Violated Money Laundering Regulations
June 18, 2024  |  AML

Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. Get the Full Story Complete the form...

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