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FCA fines Monzo £21m for opening new accounts despite ban
The FCA has said it was obvious that some customers were too “high risk” to be allowed to open an account at Monzo.
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OPINION: US bank supervisors downplay reputational risk – but it won’t go away
Maybe reputation has loomed too large in risk assessment but, says Julie DiMauro, it would be unwise to disregard it entirely.
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Switzerland toughens “too big to fail” rules in wake of Credit Suisse crisis
UBS calls measures “extreme” and says they are “neither proportional nor internationally aligned.”
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New rules to combat debanking in the UK
Key provisions of the new rules and implications for financial services institutions.
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OCC clarifies crypto custody rules and eases bank merger
In two decisive moves, the OCC reaffirms its commitment to regulatory clarity.
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BIS Report a call for action on central banking’s AI revolution
The report addresses the HR management implications of AI in central banks, looking at the potential development of AI and its use.
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Regulation in the time of volatility
Our regular columnist is sceptical about whether lessons have been learned about the trade-off between risk and regulation.
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Therese Chambers: “Enforcement needs to be loud and in your face”
Senior FCA executive delivered keynote speech at the Spring Conference of NYU’s Program on Corporate Compliance and Enforcement.