Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Avant applies for US bank charter to expand lending and deposits
Avant applied to US regulators to establish a national bank, seeking deposit funding and greater control over a lending business that has served approximately 4.8 million customers.
Turkey assigns 131 investment funds to İşbank and Ziraat for liquidation
Turkey’s markets regulator assigned 131 investment funds managed by seven portfolio companies to İşbank and Ziraat Bank for liquidation, affecting assets reported above TRY890 billion.
ECB revises bank licensing guide for authorisations and licence extensions
The ECB revised its bank licensing guide, replacing the 2019 version and clarifying how supervisors assess initial authorisations, bridge-bank applications and extensions across the Single Supervisory Mechanism.
US OCC conditionally approves Bastion’s conversion into national trust bank
The US OCC conditionally approved Bastion Platforms Trust Company’s conversion into an uninsured national trust bank authorised for specified stablecoin, custody and conversion services, subject to completion requirements.
SRB issues bank resolution communication guidance with April 2028 deadline
The Single Resolution Board issued operational guidance for banks’ crisis communications and gave institutions until April 2028 to incorporate the clarified expectations into their plans where needed.
US state supervisors release optional AI examination framework for financial firms
The Conference of State Bank Supervisors released an optional AI framework helping state examiners identify artificial-intelligence use, assess risks and decide when deeper reviews may be needed.
EBA issues non-ICT third-party risk guidelines for European financial firms
The EBA issued final guidelines for managing non-ICT third-party services, focusing on governance, monitoring and critical functions while excluding services already covered by DORA’s Chapter V.
Turkey revokes Bank Mellat’s operating licence after 44-year local presence
Turkey’s banking regulator revoked Bank Mellat’s Istanbul branch licence under provisions covering risks to depositors and financial stability, ending the Iranian lender’s 44-year local presence.
SEBI bars India’s Kore Digital from fundraising over alleged financial misstatements
India’s securities regulator barred Kore Digital from raising public funds and blocked its mainboard migration while ordering a forensic audit into alleged revenue and financial-statement irregularities.
Brazil central bank expands Pix access and tightens participant exclusion rules
Brazil’s central bank approved Pix Automatic debits from salary accounts from July 2027 and required institutions definitively excluded from the payment system to leave immediately.
Federal Reserve review finds supervisors delayed action before SVB collapse
A Federal Reserve-commissioned review found supervisors failed to demand prompt correction after Silicon Valley Bank’s vulnerabilities were evident by March 2022, including a 94% uninsured-deposit share.
UBS chairman calls Swiss committee’s AT1 proposal an acceptable compromise
UBS Chairman Colm Kelleher said the bank could live with a Swiss committee proposal allowing up to half of additional foreign-subsidiary backing through AT1 instruments.