bank regulations

U.K. Regs To Conclude RBS Probe Next Month As Criticism Mounts

U.K. Regs To Conclude RBS Probe Next Month As Criticism Mounts
U.K. Regs To Conclude RBS Probe Next Month As Criticism Mounts
June 14, 2018  |  B2B Payments

The U.K. financial regulator, the Financial Conduct Authority (FCA), announced its plans to complete its investigation into the Royal Bank of Scotland (RBS) by the...

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France Introduces First Capital Buffer Requirement As Corporate Borrowing Spikes
France Introduces First Capital Buffer Requirement As Corporate Borrowing Spikes
June 13, 2018  |  B2B Payments

Rising corporate debt in France has led officials in the country to introduce the market’s first capital buffer requirements for banks, according to Reuters reports...

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Bank-Friendly OCC Head To Testify Before Congress
Bank-Friendly OCC Head To Testify Before Congress
June 11, 2018  |  Bank Regulation

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

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Switzerland Passes On Sovereign Money Initiative
Switzerland Passes On Sovereign Money Initiative
June 11, 2018  |  Cross-border Payments

An initiative to prohibit commercial banks in Switzerland from electronically creating money when they make a loan was overwhelmingly rejected by Swiss voters. Get the...

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No Breaks For Mortgage Bankers Costs Wells Fargo $97M
No Breaks For Mortgage Bankers Costs Wells Fargo $97M
May 10, 2018  |  Bank Regulation

After workers reportedly didn’t get rest breaks, allowed by California’s strict labor rules, Wells Fargo will have to pay $97 million to private mortgage bankers...

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GIACT: Beneficial Ownership Compliance: Ready But Mostly Not
GIACT: Beneficial Ownership Compliance: Ready But Mostly Not
May 10, 2018  |  Bank Regulation

May 11 is basically here, with new Customer Due Diligence rules likely to send ripples, if not shockwaves, across the FI landscape. As GIACT EVP of...

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Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement
March 21, 2018  |  Internet of Things

Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. Get the Full Story...

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China’s Bank Regulator Makes Foreign Investments Easier
China’s Bank Regulator Makes Foreign Investments Easier
February 26, 2018  |  Cross-border Payments

In an effort to bring more investments to the financial sector, the China Banking Regulatory Commission (CBRC) has overhauled rules to make things easier for...

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