Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
World Bank Bars PwC Africa Units Over Power Project Fraud
The World Bank Group has imposed a 21-month debarment on three PricewaterhouseCoopers subsidiaries in Africa after the three firms admitted culpability for collusive and fraudulent practices in connection with a major cross-border electricity project linking Ethiopia and Kenya.
Brussels Plans Temporary Shield from Basel Trading Book Rules
Under the plan being considered, EU policymakers would introduce transitional arrangements that offset the increase in capital requirements stemming from the FRTB framework for as long as three years.
Nigeria's Central Bank Mandates Automated AML Systems for All Banks and Payment Institutions Within 18 to 24 Months
The Central Bank of Nigeria has ordered all deposit money banks, fintechs, and money-transfer operators to deploy real-time automated AML systems within 18 to 24 months of a March 2026 directive.
ECB Banking Supervision Fines Nordea Finance Finland €2.26 Million for Large Exposures and Reporting Violations
The ECB's banking supervision arm imposed a €2.26 million penalty on Nordea Finance Finland Ltd on 29 January 2026 for large exposures and reporting violations.
Federal Reserve Terminates 2018 Consent Order Against Wells Fargo After Nearly a Decade of Remediation
The Federal Reserve has terminated its 2018 consent order against Wells Fargo, concluding nearly a decade of oversight after independent reviews confirmed sustained governance and risk improvements.
FINMA Orders Liquidation of MBaer Merchant Bank After Sanctions Breaches and AML Failures
Switzerland's FINMA has ordered the liquidation of MBaer Merchant Bank AG after finding that 80% of client relationships carried elevated risks and that it had enabled sanctioned clients to circumvent asset freezes.
ECB Fines J.P. Morgan SE €12.18 Million for Multi-Year Risk-Weighted Asset Misreporting
The ECB imposed two penalties totalling €12.18m on J.P. Morgan SE for misclassifying corporate exposures for 15 quarters and miscalculating CVA risk for 21 quarters.
RBI Fines CSB Bank ₹63.60 Lakh for Business Correspondent and Customer Service Violations
The RBI imposed a ₹63.60 lakh penalty on CSB Bank for using business correspondents beyond permitted scope and levying undisclosed savings account charges.
RBI Introduces Acquisition Finance Framework Allowing Banks to Fund 75% of Indian M&A Deals
India's RBI has introduced an acquisition finance framework allowing banks to fund up to 75% of qualifying M&A transactions by acquirers with at least INR 500 crore net worth.
RBI Imposes ₹29.60 Lakh Penalty on DCB Bank for Gold Loan LTV Ratio Violations
India's RBI has penalised DCB Bank ₹29.60 lakh for failing to maintain prescribed loan-to-value ratios in non-agricultural gold loan accounts, following an ISE 2025 inspection.
ECB imposed €7.55m periodic penalty on Crédit Agricole over climate risk assessment
The supervisor said the French bank failed for 75 days in 2024 to complete a required materiality assessment of its climate-related and environmental risks.
CBE Imposes EGP 2.1 Billion Deposit Penalty on Crédit Agricole Egypt for MSME Lending Shortfall
The Central Bank of Egypt imposed an EGP 2.1bn penalty, lodged as a non-interest-bearing deposit, on Crédit Agricole Egypt for failing to meet the mandatory 25% MSME lending requirement until May 2025.