Americas
Banking and finance news from North America, Latin America, and the Caribbean
Third-party risk reset: regulators trade vendor checklists for concentration oversight
US agencies propose scrapping prescriptive vendor guidance as the EBA will repeal its 2019 outsourcing guidelines once applicable; with 19 EU and four UK critical tech providers under direct oversight, supervisors now target concentration as well as contract clauses.
Federal Reserve finalised stress-test reforms to cut capital volatility for large banks
The Federal Reserve finalised two stress-testing rules, including averaging two years of results from 2028, changes it said were likely to cut year-over-year volatility in large-bank capital requirements by about 50%.
Peru’s regulator authorised BTG Pactual to open a corporate-focused bank
Peru’s banking regulator authorised Banco BTG Pactual Peru to operate, completing a process started in July 2025 and preparing a new bank focused on corporate and institutional clients.
Bank of Canada and OSFI normalised standing liquidity facility use
The Bank of Canada and OSFI said banks should treat the Standing Liquidity Facility as a normal secured funding tool, rather than evidence that an institution is under stress.
Bradesco completed first pilot transaction on Bank of America’s cross-border real-time payments service
Bradesco completed a first pilot transaction that delivered a cross-border payment through Swift connectivity into Hong Kong’s Faster Payment System, with access through CashPro planned from 2027.
Nubank and Monzo reportedly entered talks over £8–10 billion valuation
Nubank and Monzo reportedly entered preliminary acquisition talks at an £8 billion to £10 billion valuation, although neither company announced an agreement or approved transaction.
Citi and Coinbase Expanded Stablecoin Payment Rails for US Businesses
Citi and Coinbase introduced two US-first services linking fiat accounts with stablecoin payments, allowing enterprise merchants to receive fiat settlement without directly managing digital assets.
Bank of America added AI payment benchmarking to CashPro treasury platform
The bank’s new CashPro capability analyses payment efficiency, cross-border flows and working-capital performance on U.S. accounts and compares results with industry peers across treasury operations.
Argentina approved Revolut’s acquisition of Banco Cetelem from BNP Paribas
Argentina’s central bank approved Revolut’s acquisition of Banco Cetelem from BNP Paribas, allowing the fintech to proceed towards completion while its public customer launch remains pending.
California regulators closed Nano Banc as Sunwest assumed substantially all deposits
California regulators closed Nano Banc, transferring substantially all deposits to Sunwest Bank, while the FDIC estimated a $114 million cost to the Deposit Insurance Fund.
Banks become the lender behind private credit as US bank loans to non-banks pass USD 2 trillion
US bank loans to non-bank financial institutions rose 19.2% in a year to USD 2.03 trillion in August 2026, more than twice the pace of total lending, as EU supervisors warn that opaque private credit links could send stress back into banks.
Brazil and ECB Begin Study Linking Pix With Europe’s TIPS
Brazil’s central bank and the European Central Bank began assessing whether Pix and TIPS could be interconnected, examining technical, operational, legal and business considerations.