Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
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.
UAE Central Bank Restricted Bank Melli Iran Branches Over Compliance Breaches
The UAE central bank prohibited Bank Melli Iran’s UAE branches from conducting any financial transactions to and from Iran, including trade finance and fund transfers, citing breaches of anti-money-laundering, counter-terrorist-financing and proliferation-financing requirements.
MUFG’s Emut Bank Secured Licence Ahead of Planned 2027 Launch
MUFG’s digital subsidiary received a Japanese banking licence and became MUFG Emut Bank, preparing to launch services as a regulated lender between January and March 2027.
Banca IFIS Replaced Chief Executive After Bank of Italy Audit
Banca IFIS replaced chief executive Frederik Geertman after a Bank of Italy audit identified control weaknesses, while the lender has 45 days to submit memoranda in a proceeding on additional capital requirements.
Philippines set ₱1 billion capital floor for banks going digital
The Philippine central bank required thrift, rural and cooperative lenders operating like digital banks to hold at least ₱1 billion in capital and gave notified institutions six months to comply.
European central banks propose flexible MiCA liquidity rules for stablecoins
The European System of Central Banks proposed replacing MiCA's 30% to 60% bank-deposit requirements for stablecoin reserves with minimum holdings of highly liquid assets maturing within five working days.
Swiss Senate backs 90% CET1 requirement for UBS foreign subsidiaries
Switzerland's Council of States backed a 90% CET1 requirement for UBS's foreign subsidiaries by 29 votes to 16, rejecting a softer structure as the bill moved to the lower house.
Five Adani companies pay ₹15.08 million to settle SEBI proceedings
Five Adani companies paid a combined ₹15.08 million to settle SEBI proceedings over alleged disclosure and audit-compliance failures, without admitting or denying the regulator’s findings.
Reserve Bank of Australia keeps heightened scrutiny on ASX clearing systems
The Reserve Bank of Australia found ASX clearing and settlement facilities still only partly observed several critical standards, despite operational-risk improvements at two important facilities.
UBS chief rejects 90% Swiss capital proposal before parliamentary vote
UBS chief Sergio Ermotti rejected a 90% CET1 backing proposal as no meaningful compromise, favouring a 50% CET1 and 50% AT1 alternative before Switzerland’s upper-house vote.
Reserve Bank of India finalises Basel market-risk capital rules for banks
The Reserve Bank of India finalised Basel III market-risk capital requirements for Indian banks, with the new trading-book framework taking effect on 1 April 2027.
Hong Kong considers bank climate disclosures ahead of 2027 taxonomy survey
Hong Kong’s monetary authority is considering further bank climate-finance disclosures, with a survey planned for 2027 to assess how lenders use its sustainable finance taxonomy before any supervisory changes.