Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
BaFin Imposes Enhanced Oversight on N26, Orders Capital Reserves and Special Monitor
Germany's BaFin has ordered N26 to maintain higher capital reserves, appointed a special monitor, and banned new mortgage products in the Netherlands following a 2024 special audit.
FCA Fines Nationwide Building Society £44.1 Million for Anti-Money Laundering Control Failures
The FCA has fined Nationwide Building Society £44,078,500 for inadequate anti-money laundering systems and controls between October 2016 and July 2021, citing a breach of Principle 3 and associated SYSC rules.
Federal Reserve Terminates Enforcement Actions Against Credit Suisse Entities and JPMorgan Chase
The US Federal Reserve has closed enforcement actions against Credit Suisse and its US entities dating to 2014 and 2020, and terminated a 2024 cease and desist order against JPMorgan Chase.
SFC Reprimands and Fines EFG Bank AG Hong Kong Branch HK$10.85 Million for Regulatory Failures
Hong Kong's SFC has fined EFG Bank AG's Hong Kong Branch HK$10.85 million for product due diligence, record-keeping, and late reporting failures spanning 2015 to 2020.
RBI Imposes ₹99.3 Lakh Penalty on Jammu and Kashmir Bank for KYC and Ombudsman Compliance Failures
The Reserve Bank of India fined Jammu and Kashmir Bank ₹99.3 lakh on 5 December 2025 for breaches related to the Ombudsman Scheme, customer service, and video-based KYC requirements.
RBI issues final amendment directions on businesses banks and their group entities may undertake
The final rules let a bank group run the same business in more than one entity with a Board-approved rationale, apply Upper Layer NBFC rules to lending group entities and set a 31 March 2028 deadline on investment limits.
Indonesia's OJK issues Regulation 23/2025 to bring crypto derivatives under its oversight
Indonesia's Financial Services Authority has amended its digital financial asset trading rules to cover derivatives, requiring exchanges to obtain approval and consumers to pass a knowledge test before trading.
Central Bank of Brazil Enforces New Rules Requiring Account Closure for Fraud and Unauthorised Services
BCB Resolution 518 and CMN Resolution 5,261 came into force on 1 December 2025, compelling institutions to close accounts linked to fraud or unlicensed financial activity.
Ethiopia Re-Licenses Standard Bank as First Foreign Bank Under New Law
Ethiopia's National Bank has re-licensed Standard Bank's representative office, the first foreign institution licensed under the revised Banking Business Proclamation, allowing liaison and research but not deposit-taking or lending.
RBI Imposes ₹91 Lakh Penalty on HDFC Bank for Benchmark, KYC and Outsourcing Violations
India's central bank has fined HDFC Bank ₹91 lakh after a supervisory inspection found violations on interest-rate benchmarks, KYC outsourcing, and subsidiary business conduct.
Reserve Bank of India Replaces Thousands of Legacy Circulars with 244 Consolidated Master Directions
The RBI has replaced thousands of obsolete circulars with 244 Master Directions covering 11 types of regulated entities.
Danish FSA Closes Enforcement Orders Against Danske Bank Over Debt Collection System Errors
Denmark's financial regulator has closed its enforcement orders against Danske Bank related to debt collection system errors, as remediation, which has compensated more than 50,000 customers, enters its final phase.