Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Brazil's central bank liquidates Trustee and Banvox, freezing controllers' assets over rule violations
Banco Central do Brasil decreed the extrajudicial liquidation of Trustee and Banvox DTVMs on Thursday, citing grave violations of legal norms, with the two firms jointly holding under 0.001% of national financial system assets.
Bank of Thailand approves draft BNPL licensing rules for fourth-quarter 2026 rollout
Thailand's central bank said its financial institutions policy board has approved draft rules requiring buy-now-pay-later lenders to hold a licence, capping credit lines at 20,000 baht per borrower.
APRA imposes A$50 million capital add-on and licence conditions on ING Bank Australia over liquidity breaches
Australia's APRA has imposed a A$50 million operational risk capital add-on and new licence conditions on ING Bank Australia after material breaches of liquidity requirements.
US Federal Reserve issues SouthPoint written agreement, ends 2017 Deutsche Bank FX order
The Federal Reserve announced a written agreement with Alabama’s SouthPoint Bancshares and the termination of a 2017 cease and desist order against Deutsche Bank over its oversight of foreign exchange trading.
US OCC publishes August 2026 enforcement actions, terminates First National Bank of Pasco agreement
The OCC released its August 2026 enforcement actions, including termination of a formal agreement with First National Bank of Pasco in Florida.
India's RBI fines IndusInd Bank INR 59.20 lakh for deposit-rate and securitisation breaches
The RBI penalised IndusInd Bank INR 59.20 lakh for breaches of deposit-rate and securitisation directions, announced on the same day as penalties on three NBFCs.
US FinCEN imposes historic USD 125 million penalty on UBS Financial Services for AML failures
FinCEN imposed a USD 125 million civil money penalty on UBS Financial Services for willful Bank Secrecy Act violations covering January 2019 through June 2023.
Germany's BaFin orders NordLB to remediate AML customer-data backlog
BaFin has published a legally binding order requiring NordLB to submit and implement a customer-data-updating concept after finding significant AML due-diligence deficiencies.
FINRA fines UBS Financial Services USD 20 million for repeated foreign currency wire AML failures
FINRA fined UBS Financial Services USD 20 million after finding more than 60,000 foreign currency wires totalling over USD 10 billion were not reasonably monitored.
ECB Banking Supervision publishes results of 2026 thematic reverse stress test on geopolitical risks
The ECB's supervisory arm published the results of its 2026 thematic reverse stress test on geopolitical risks, targeting a 300 basis point CET1 depletion.
US Federal Reserve announces written agreement with Illinois community bank Iuka State Bank
The Federal Reserve executed a written agreement dated 15 July with Iuka Bancshares and The Iuka State Bank of Salem, Illinois, also signed by the St. Louis Fed and the Illinois banking regulator.
Central Bank of Nigeria discloses N430 million in fines on banks for complaints-handling failures
The CBN 2025 Annual Report disclosed N430 million in 21 penalties for delays in resolving customer complaints and failures to comply with CBN directives, plus N1.26 billion in other penalties.