BANKING REGULATIONS

China Likely To See More P2P Shutdowns This Year

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut...

Bitcoin Daily: Ant Financial Starts Pilot For SMB Blockchain Network; Wyoming Announces Regulations For Crypto Custodians

Alipay’s Ant Financial announced that it is moving into the pilot stage for its blockchain network — Ant Blockchain Open Alliance, which was...

Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls...

EU Report Calls For Finance Authorities, AML Oversight

European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation...

China Gives Nod To Wholly Owned Foreign Banks

Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules...

Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data...

Investors Warned To Heed Big Bank Regulator Fines

Investors shouldn’t shrug off fines against big banks that run afoul of banking regulations because they impact returns over the longer term....

Ten Years On, Banking’s Post-Crisis Evolution

A decade is a favorite demarcation point in taking stock and looking forward, in looking at where something has been, where it...

A decade is a favorite demarcation point in taking stock and looking forward, in looking at where something has been, where it...

RBI Questions Bank Chiefs On SWIFT ‘Gaps’

The Reserve Bank of India (RBI) has reportedly sent letters to several heads of top banks in the country questioning why they...

Open Banking Gains More Investment And Government Attention

The open banking wave is starting to spread. One of the latest signs of that comes this month from Germany, where Hamburg-based...

FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses...

Small US Bank Shares Increase Post-Dodd-Frank

Small banks are benefiting from the rollback of Dodd-Frank, with the Russell 2000 bank index outperforming the S&P 500 banks by about...

Bank-Friendly OCC Head To Testify Before Congress

The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the...

Citi’s Treasury Unit Embraces UK Open Banking

Citi is the first corporate bank to enroll in the U.K.’s Open Banking Directory in an effort to enhance payment and collection...

FIs Want A Vote On Bill That Would Change Dodd-Frank

Credit unions and banks joined forces to call on lawmakers Monday (Jan. 29) to bring a bill to the floor for a...

China Is Picking Up Oversight Of Banking

The China Banking Regulatory Commission (CBRC) announced this past weekend that it is focusing on boosting oversight of banking and interbank activities....

Cordray Tells Bank CEOs To Give More Control To Consumers

Although he is due to resign next week, Richard Cordray, the director of the Consumer Financial Protection Bureau, still wants his opinion...

Wells Fargo CEO Says Cost Controls Are Improving At The Bank

Tim Sloan, CEO of Wells Fargo & Company, said Tuesday (Sept. 12) that the company is improving its cost controls in relation...