Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Federal Reserve Removes Reputational Risk from US Bank Supervisory Examination Framework
The Federal Reserve said on 23 June 2025 that reputational risk will no longer be a component of its bank examination programmes, replacing references to it with more specific discussions of financial risk.
De Nederlandsche Bank Fines ABN AMRO €15 Million for Violating Dutch Statutory Bonus Ban
De Nederlandsche Bank has fined ABN AMRO Bank €15 million after the lender paid prohibited bonuses totalling over €1.5 million to senior officials across an eight-year period from 2016 to 2024.
Jordan's new virtual asset law sets minimum one-year prison term for unlicensed activity
The law makes the Jordan Securities Commission the licensing and supervisory authority for virtual asset service providers and sets fines of between JD50,000 and JD100,000 (about $70,500 to $141,000).
UAE Central Bank Revokes Sundus Exchange Licence and Imposes AED 10 Million Fine for AML Violations
The CBUAE revoked the operating licence of Sundus Exchange on 17 June 2025 and imposed an AED 10 million sanction for serious AML/CFT violations under UAE federal law.
Australia's BNPL Sector Brought Under Consumer Credit Law as Afterpay Regulation Takes Effect
Australia's Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 took effect on 10 June 2025, requiring Afterpay and peers to hold credit licences and conduct affordability checks.
Swiss Capital Proposals Would Require About USD 24 Billion More CET1 at UBS, Bank Estimates
Switzerland's Federal Council has proposed rules that UBS estimates would require it to hold ~USD 24bn in additional CET1 capital, with UBS calling the rules disproportionate and internationally misaligned.
Central Bank of Kuwait Releases Draft Open Banking Framework to Advance Fintech Cooperation and Digital Economy
The CBK has released a draft Open Banking Regulatory Framework to govern data sharing and infrastructure, fostering bank-fintech cooperation as part of Kuwait Vision 2035.
Federal Reserve Lifts Wells Fargo's US$1.95 Trillion Asset Cap After Seven Years of Enforcement Oversight
The Federal Reserve removed Wells Fargo's growth restriction on 3 June 2025, freeing the bank from the 2018 cap imposed following its fake-accounts scandal.
Bank of Ghana Introduces Digital Lending Rules, Forex Pricing Directives, and 10% NPL Cap
BoG Governor Johnson Asiama unveiled measures including tighter oversight of digital lending, forex pricing transparency rules and a ban on interest on inactive credit accounts, with some measures effective from July-August 2025 and a 10% NPL cap to be met by December 2026.
Central Bank of Oman Issues Regulatory Framework for Licensing and Supervising Digital Banks
Oman's Central Bank has introduced a digital bank regulatory framework setting capital requirements, governance standards, and operational guidelines for new entrants.
Rwanda's National Bank Enforces Foreign Currency Pricing Ban Under New Regulation 89/2025
Rwanda's BNR enacted Regulation 89/2025, banning unauthorised foreign-currency pricing, with fines up to RWF 10 million and 100% of transaction value for repeat violations.
UAE Central Bank Fines Unnamed Exchange House AED 3.5 Million for AML/CFT Failures in June 2025
The CBUAE imposed AED 3.5 million on an unnamed exchange house on 2 June 2025 for AML/CFT non-compliance.