bank regulation

UK Regulators to Banks: Don’t Sow Confusion Over Stablecoins
UK Regulators to Banks: Don’t Sow Confusion Over Stablecoins
November 06, 2023  |  Bank Regulation

Regulators in the U.K. have unveiled their proposals for governing the use of stablecoins. The Bank of England (BOE) and the country’s Financial Conduct Authority (FCA) on Monday (Nov....

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Treasury OKs New Rules for Monitoring Non-Bank Financial Risk
Treasury OKs New Rules for Monitoring Non-Bank Financial Risk
November 05, 2023  |  Regulation

American regulators approved new guidelines for monitoring financial risk following this year’s banking crisis. The U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) on Friday (Nov. 3) announced it...

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Fed Expected to Propose Review of Debit Card Fee Cap
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023  |  Bank Regulation

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose...

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Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
October 24, 2023  |  Bank Regulation

The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority...

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Revolut’s Size Draws Regulatory Attention in UK Banking License Process
Revolut’s Size Draws Regulatory Attention in UK Banking License Process
October 22, 2023  |  Bank Regulation

Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays...

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Banking Industry Pushes Back Against Proposed Capital Rules
Banking Industry Pushes Back Against Proposed Capital Rules
October 13, 2023  |  Bank Regulation

Two of the largest U.S. banks said capital rules proposed by U.S. regulators could have significant impacts on credit availability and pricing for businesses and...

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Citi Chair: New Capital Requirements Will Hurt Lending
Citi Chair: New Capital Requirements Will Hurt Lending
October 11, 2023  |  Bank Regulation

Citigroup’s chairman is the latest banking executive to warn against the U.S. plan for new capital requirements. In an interview with Bloomberg published Wednesday (Oct. 11), John C. Dugan said...

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Fed Bank Watchdog Defends New Capital Requirements
Fed Bank Watchdog Defends New Capital Requirements
October 09, 2023  |  Bank Regulation

Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. The Federal Reserve’s vice chair for supervision said at an American Bankers Association (ABA)...

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Enigma Debuts KYB Platform as Banks Face More Scrutiny
Enigma Debuts KYB Platform as Banks Face More Scrutiny
October 03, 2023  |  Authentication

Data science company Enigma has debuted its know your business (KYB) platform. The new product, announced Tuesday (Oct. 3), is designed to allow users to conduct KYB...

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