Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Canada proposes conditions for over 400 financial institutions to use new non-financial powers
Proposed regulations would set conditions on non-financial activities for over 400 federally regulated financial institutions, and would require reporting to the Department of Finance.
US sanctions Iraq's International Development Bank, which reports deposits above 2.6 trillion dinars
OFAC accuses the Baghdad lender of giving Iran access to US dollars, while a general licence allows transactions to be wound down until 30 October 2026.
APRA and RBNZ find banks resilient in first joint stress test since 2017
The 2026 Trans-Tasman Stress Test found both banking systems would stay resilient through a severe downturn in both economies, while banks kept lending despite substantial losses.
HKMA unveils ART framework to guide responsible AI adoption by banks
The HKMA's guidance sets out nine principles across the three pillars of its ART Framework, and the regulator will also test agentic AI applications in its GenAI Sandbox++.
SSM opens on-site inspections of Greek banks' 25 largest corporate borrowers
The 25 borrowers hold over €32bn of loans out of €94bn, about 34% of the business credit portfolio, putting concentration risk at the centre of supervisory checks.
OCC names nine banks, including TD, over political debanking practices
The US regulator said nine lenders, including TD, restricted access to financial services on political or religious grounds, while the CFPB plans its own investigation into compliance with consumer finance law.
SEB expects 120bps capital buffer hit after Swedish FSA model review
Sweden's financial regulator has imposed a temporary capital add-on on SEB after finding deficiencies in its internal credit risk models, which the bank expects to cut its capital buffer by 120bps.
Uzbekistan's central bank fines eight banks for breaching financial requirements
The Central Bank of Uzbekistan fined eight banks for failing to meet financial requirements and breaking the law, after a September review of 37 issues by its committee.
Azerbaijan plans Basel III capital rules from 2027 as bank capital reaches 7 billion manats
Sector capital has reached 7 billion manats, up 600 million manats from 1 July 2025, and banks must fully comply with the new requirements from 1 January 2027, the central bank said.
Lebanon's central bank revokes Bank Saderat Iran's licence as US pressure on Tehran grows
Governor Karim Souaid says the move sends a clear signal that Lebanon will protect its banking sector, and follows tighter limits on Iran's financial system by the UAE and Turkish central banks.
SEB pays $33 million to settle New York anti-money laundering investigation
The Swedish bank will book the $33 million penalty in fourth-quarter operating expenses, expects limited financial impact and keeps its full-year cost target unchanged.
Qivalis wins DNB licence to issue euro stablecoin for 37-bank consortium
The Amsterdam-based issuer, backed by 37 banks across 15 countries, plans to begin issuing its euro token within the next months, subject to MiCA requirements and publication of a White Paper.