Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Philippines' BSP Proposes Tiered Daily Fines for Payment Operators Over Reporting Non-Compliance
The BSP issued a draft circular proposing daily fines of up to PHP 3,000 for large banks and PHP 1,000 for non-bank payment operators that fail reporting obligations.
ECB Banking Supervision Fines Estonia's LHV Group €405,000 for Regulatory Reporting Violations
The ECB's Banking Supervision arm imposed a final €405,000 penalty on AS LHV Group, Estonia's largest domestically owned bank, for violations of regulatory reporting requirements on 24 September 2025.
Brazil's Central Bank Issues Regulation Requiring Closure of Pooled Accounts Used for Unlicensed Payment Services
Brazil's central bank issued Resolution BCB 518 requiring financial institutions to close pooled 'contas bolsão' accounts used to provide unauthorised financial or payment services.
Brazil's central bank and CMN overhaul minimum capital rules for financial and payment institutions
Joint Resolution No. 14 replaces fixed capital floors with an activity-based methodology for all institutions authorised by the Banco Central do Brasil, with a phase-in running from July 2026 to the end of 2027.
FDIC publishes September 2025 enforcement actions against banks and individuals
The US deposit insurer released 11 orders and two adjudicated decisions issued in September, including prohibition orders and orders terminating consent orders, with no hearings scheduled for November.
CBE Imposes Record EGP 1 Billion Fine on FAB Misr Over Beltone Holding Credit Violations
Egypt's central bank hit First Abu Dhabi Bank Misr with a EGP 1 billion penalty — reportedly the largest ever levied on a single bank — over credit facility violations tied to Beltone Holding.
Bangladesh Bank fines Bank Asia Tk 30 lakh over foreign currency account breaches
Bangladesh Bank fined Bank Asia Tk 30 lakh after an inspection found kerb-market dollars were deposited into two resident foreign currency accounts and spent abroad.
US Federal Reserve Proposes Greater Transparency in Bank Stress Test Methodology
The Federal Reserve opened a public comment period on proposals to increase transparency in its stress test models and scenarios, covering its stress test models, the framework for designing scenarios, and the proposed scenarios for the 2026 test.
Reserve Bank of India Proposes Framework Allowing Commercial Banks to Finance Corporate M&A
The RBI has released draft directions that would allow Indian commercial banks to finance corporate acquisitions, lifting a long-standing bar on funding domestic takeovers.
Turkey's Parliament Prepares Bill Granting MASAK Real-Time Power to Freeze Bank Accounts
A 20-article bill would give Turkey's financial crimes unit MASAK instant authority to monitor and freeze bank accounts linked to suspicious transactions.
Austria's FMA Fines Volksbank Niederösterreich AG €52,000 for AML and CTF Due Diligence Breaches
Austria's FMA imposed a €52,000 fine on Volksbank Niederösterreich AG for breaching due diligence obligations under the Financial Markets Anti-Money Laundering Act.
FINTRAC imposes record C$176.96 million penalty on Cryptomus operator Xeltox Enterprises
Canada's financial intelligence unit penalised Xeltox Enterprises, which operates as Cryptomus, for 2,593 AML violations, including 1,068 unreported suspicious transactions.