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Swiss finance shrinks as regulators tighten grip on prized sector
Stricter post-Credit Suisse oversight sets nation on different path to US in particular.
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JPMorgan Chase fined record €45m by German regulator for AML failures
Wall Street’s largest bank has been accused of delays in SAR submissions in relation to anti-money-laundering and terrorist financing obligations.
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Switzerland seeks to balance stablecoin regulation with growth
The country has a strong history of stable and secure traditional banking; now, it wants to take that reputation into new tech and decentralized finance.
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Fed Board finalizes LFI framework revision, broadens “well managed” status
Final notice aligns with proposed revisions aiming to better represent a bank’s strength and resilience.
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Fed OIG downgrades CFPB cybersecurity assessment to second-lowest level
Failure to maintain ATOs and lack of documentation key factors in decision.
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Relaxing bank leverage rules carries real risk, BoE warns
Banking lobby groups in the US and the UK have been calling for relaxation of rules around bank leverage. But the UK’s top banking regulator says current circumstances are too volatile for any risky change.
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Banks must do more to prevent romance fraud, says FCA
The FCA’s review of romance fraud cases in the UK suggests measures for detection, prevention and supporting victims. We summarise the key findings.
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FCA cuts legal text on capital rules by 70% to reduce regulatory burden
Announcement the latest in a series of measures by the FCA aimed at aligningment with the government’s pro-growth agenda.