Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Europe’s Largest Banks Called for Capital Moratorium and Regulatory Simplification
Eleven of Europe’s largest banking groups have called on European Union institutions to halt further increases in capital requirements and accelerate regulatory simplification, intensifying pressure on policymakers to make the region’s banking system more competitive with the United States and Asia.
OSFI Pledged to Hold Canada's Domestic Stability Buffer at 3% Until June 2028
Canada's banking regulator committed to keeping the domestic stability buffer at 3% for the remainder of Superintendent Peter Routledge's term, which ends in June 2028, following June's 50-basis-point reduction.
US Treasury Sanctions Turkey's Golden Global Bank Over Iranian Oil Revenue Transfers
The US Treasury designated Istanbul-based Golden Global Yatirim Bankasi and two subsidiaries on Friday, accusing the lender of facilitating tens of millions of dollars in transactions for Iran's Revolutionary Guard.
Revolut Secured Conditional OCC Approval for US National Bank Charter With $95 Million Capital Floor
Revolut received preliminary conditional approval from the US Office of the Comptroller of the Currency for a national bank charter on 3 September, subject to a $95 million minimum capital requirement.
OpenReserve Won Preliminary OCC Approval to Charter Blockchain-Native National Bank in Utah
OpenReserve Bank received preliminary conditional approval from the Office of the Comptroller of the Currency on 2 September to organise a full-service national bank, subject to raising at least $210 million in paid-in capital.
Revolut Secured Conditional OCC Approval for US National Bank Charter With $95 Million Capital Condition
Revolut received preliminary conditional approval from the Office of the Comptroller of the Currency on Thursday for a US national bank charter, subject to $95 million in paid-in capital and a 10% tier 1 leverage ratio.
Saudi Arabia's SAMA Penalises 30 Financial Institutions Over Responsible Lending Breaches
SAMA fined 30 financial institutions for breaches of responsible individual financing rules, targeting failures in the debt burden ratio applied to retail customers.
US Senate Judiciary Committee Pressed UBS With 62 Questions on Credit Suisse Nazi-Linked Accounts
The Senate Judiciary Committee demanded fresh answers from UBS on Credit Suisse's Nazi-era accounts, with chairman Charles Grassley putting 62 questions to the Swiss lender in a previously undisclosed July letter.
Japan's FSA Launched Inspection of Roughly 400 Shinkin Banks Over Government Bond Paper Losses
Japan's Financial Services Agency began inspecting about 400 shinkin banks and credit cooperatives over unrealised losses on government bond holdings, with the review targeted for completion by March 2027.
Brazil's Central Bank Liquidated Trustee and Banvox, Freezing Controllers' Assets Over Rule Violations
Banco Central do Brasil decreed the extrajudicial liquidation of Trustee and Banvox DTVMs on Thursday, citing grave violations of legal norms, with the two firms jointly holding under 0.001% of national financial system assets.
Bank of Thailand Approved Draft BNPL Licensing Rules for Fourth-Quarter 2026 Rollout
Thailand's central bank said its financial institutions policy board has approved draft rules requiring buy-now-pay-later lenders to hold a licence, capping credit lines at 20,000 baht per borrower.
APRA Imposes A$50 Million Capital Add-On and Licence Conditions on ING Bank Australia Over Liquidity Breaches
Australia's APRA has imposed a A$50 million operational risk capital add-on and new licence conditions on ING Bank Australia after material breaches of liquidity requirements.