Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
EU Banking Authority Classified USDC as First Significant E-Money Token
The European Banking Authority classified USDC as the EU’s first significant e-money token under MiCA, shifting direct supervisory responsibility to the EBA within 20 working days.
Brazil Audit Court Deferred Central Bank Accounts Ruling Over Master
Brazil’s federal audit court deferred judgment on the central bank’s 2025 accounts until a separate proceeding examines the regulator’s supervision and liquidation of failed lender Banco Master.
Brazil’s Lower House Rejected New Framework for Rescuing Troubled Banks
Brazil’s Chamber of Deputies rejected a proposed bank-resolution framework after it won 252 votes, five short of the majority required to advance rules for stabilising or liquidating distressed institutions.
FSB review called for leaner policy work on systemic threats
A G20-requested review urged the Financial Stability Board to prioritise cross-border systemic risks, while a parallel consultation proposed eight principles for modernising regulation and supervision.
US regulator found large banks used political factors in account closures
The US Office of the Comptroller of the Currency found instances where large banks considered political or religious factors when closing accounts after reviewing nearly 100,000 complaints.
Qivalis won Dutch electronic-money authorisation for planned euro stablecoin launch
De Nederlandsche Bank authorised Qivalis as an electronic-money institution, giving the 37-bank consortium a regulatory base for its planned euro stablecoin launch across Europe this November.
South Korea found hacks at 16 financial firms after data leaks
South Korea identified hacking incidents at 16 financial firms and about 100,000 data leaks, prompting plans for wider inspections, stronger monitoring and tougher management accountability across the sector.
FSB proposed eight principles to modernise global financial supervision frameworks
The Financial Stability Board proposed eight high-level principles for modernising regulation and supervision, while a parallel review urged sharper focus on genuinely systemic cross-border risks.
Egypt’s central bank barred credit for consumer-finance precious-metals purchases nationwide
The Central Bank of Egypt told banks not to grant, renew or use credit facilities for consumer-finance transactions involving gold and other precious metals, extending a September regulatory ban.
Swiss committee backed UBS fee for permanent public liquidity backstop
A Swiss upper-house committee backed the public liquidity backstop and voted 7–5 to make UBS pay an upfront fee because of its substantial international operations.
Bank of America received $1.21 billion penalties over compliance failures
US regulators imposed more than $1.21 billion in penalties on Bank of America after finding failures to report over $5 billion in suspicious transactions and sanctions-control breaches.
Singapore Set Tighter Financial Roadshow Rules Requiring Explicit Consumer Consent
Singapore’s regulator will restrict public financial prospecting to designated commercial areas, require upfront disclosure and consent, and give institutions nine months to comply after updated guidelines arrive in 2027.