Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Thailand House accepts in principle bill to allow issuance and trading of electronic securities
Thailand's House of Representatives unanimously accepted in principle a government bill amending the Securities and Exchange Act to permit issuance and trading of securities in electronic form and tighten oversight.
FSB publishes consultation report on sound practices for responsible AI adoption by financial institutions
The Financial Stability Board set out 12 sound practices covering organisation-wide governance and lifecycle risk management for AI.
India extends credit guarantee scheme for microfinance institutions until August 31
India extended the Credit Guarantee Scheme for Microfinance Institutions 2.0 until August 31 and raised the maximum loan amount for large NBFC-MFIs and MFIs to ₹1,000 crore from ₹300 crore.
ECB curbed Revolut's EU product launches last year over approval failures, FT reports
The ECB temporarily withdrew Revolut's permission to launch new products in the EEA in July 2025 and ordered a third-party review of its product-approval functions, according to the Financial Times.
Lawyer urges South Africa's finance minister to make banks reimburse scam victims
Attorney Trudie Broekmann's open letter calls for a mandatory reimbursement regime for fraud victims modelled on the UK's authorised push payment scam rules.
Thai consumer council sues Meta, Apple, Line, Google and banks over 230 million baht scam losses
A Thai consumer watchdog filed a civil lawsuit against Meta, Line, Apple, Google and nine banks and financial institutions, alleging they allowed scammers to defraud consumers and caused losses of more than 230 million baht.
Fed Governor Barr warns US bank deregulation risks a short-term 'sugar high'
Federal Reserve Governor Michael Barr said Saturday that recent regulatory and supervisory changes in the United States constituted the most significant banking deregulation since the Global Financial Crisis, warning of attendant risks.
FinCEN and bank regulators urge US banks to flag illicit activity linked to unlawful employment
A joint advisory from FinCEN, the FDIC, the OCC and the NCUA sets out 18 red flags for payroll and identity fraud used to hide the employment of workers without US work authorisation.
UK's FCA seeks High Court injunction against Neil Woodford's new online service
The UK Financial Conduct Authority sought a High Court injunction alleging that former fund manager Neil Woodford and his W4.0 platform provided regulated investment advice and made financial promotions without authorisation, the regulator said.
HKMA says banks have implemented new account rules for mainland investors
The Hong Kong Monetary Authority said mainland customers can still open accounts after banks put in place a May circular tightening checks on mainland Chinese investment accounts.
BancTrust chief contests FCA fine over undisclosed US and Venezuela measures
Carlos Ricardo Fuenmayor has referred a proposed £99,600 FCA fine to the Upper Tribunal, arguing the Venezuelan account freeze he did not disclose was political retaliation.
Indian brokers seek market-maker carve-out after RBI tightens bank lending norms
Broker associations asked the RBI and the Industry Standards Forum for a carve-out for hedged liquidity providers after the RBI required 100% cash collateral for bank facilities used for proprietary trading.