Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
RBI Imposes ₹29.55 Lakh Penalty on ESAF Small Finance Bank for Customer Service Compliance Lapses
The Reserve Bank of India fined ESAF Small Finance Bank ₹29.55 lakh for customer service compliance failures identified during supervisory examination under the Banking Regulation Act.
Spain's High Court Annuls €91 Million in Competition Fines Against Four Major Spanish Banks
Spain's High Court annulled all four CNMC competition fines totalling ~€91 million against CaixaBank, Santander, BBVA, and Sabadell.
Taiwan FSC Fines Shin Kong Commercial Bank NT$8 Million for Internal Control Failures After Fund Misappropriation
Taiwan's Financial Supervisory Commission fined Shin Kong Commercial Bank NT$8 million after a former wealth management supervisor misappropriated customer funds, citing failures in internal controls and monitoring.
ECB Publishes 2024-2026 Supervisory Priorities Targeting Credit Risk and Digital Transformation
The ECB's Single Supervisory Mechanism outlined its 2024-2026 priorities, focusing on credit risk, particularly in real estate and SME portfolios, and on banks' digital resilience across the eurozone.
Central Bank of Bahrain issues mandatory ESG reporting rules for listed companies and licensees
The CBB's new ESG Module, effective immediately, requires listed companies and targeted licensees to publish ESG reports, starting with reporting periods ending December 2024.