Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
South Africa's Prudential Authority Fines Capitec R56.25 Million in R115 Million Penalty Round
SARB's Prudential Authority has fined Capitec Bank R56.25 million as part of a R115 million round of administrative sanctions on banks and insurers for AML failings.
UAE Central Bank Fines Foreign Bank Branch AED 1.82 Million for Consumer-Protection Breach
The CBUAE has imposed an AED 1.82 million penalty on a foreign bank branch for failing to issue a liability letter within the mandatory seven-day period.
Singapore's MAS Publishes Q2 2026 Enforcement Summary With Fines and a Licence Revocation
The Monetary Authority of Singapore set out fines, a prison sentence and the revocation of a payments licence in its Q2 2026 enforcement round-up.
SEC Fines Merrill Lynch $7.5 Million for Suspicious Activity Report Filing Failures
The SEC ordered Merrill Lynch to pay a $7.5 million civil penalty for failing to file numerous Suspicious Activity Reports from April 2020 through September 2024.
ECB Fines Banque Internationale a Luxembourg EUR 3.255 Million Over Internal-Model Breach
The ECB has imposed a EUR 3.255 million penalty on BIL after finding the bank intentionally failed to apply approved internal models, overstating capital ratios for three quarters.
EBA Publishes Updated SREP Guidelines to Reflect CRR3 and CRD VI Reforms
The European Banking Authority has published updated SREP guidelines and a list of legal acts to align supervisory reviews with the CRR3/CRD VI Banking Package.
UAE's Central Bank Imposes AED 20 Million Penalty on Foreign Bank Branch for AML and Sanctions Failures
The CBUAE fined an unnamed foreign bank branch AED 20 million and its Head of Compliance AED 300,000 for repeated AML, CFT and sanctions framework failures.
Canada's OSFI Lowers Domestic Stability Buffer to 3.0% and Narrows Range to 0-3%
OSFI cut the Domestic Stability Buffer for Canada's largest banks to 3.0% and narrowed the range to 0-3%, its first change to the DSB since June 2023.
OCC Announces June 2026 Enforcement Actions Including Prohibition Orders
The OCC issued prohibition orders against former executives of Quontic Bank and the failed First National Bank of Lindsay, alongside further individual actions.
APRA Opens Consultation on Major Governance Overhaul Including Draft CPS 510
APRA launched consultation on the first major overhaul of its governance standards in over a decade, with draft revisions to CPS 510 covering banks, insurers and super trustees.
MAS Unveils Revised Single Family Office Framework Taking Effect 15 June 2026
The Monetary Authority of Singapore published a class exemption for qualifying SFOs, requiring MAS notification, a MAS-licensed bank account and annual AUM returns.
FSB Publishes Consultation Report on Sound Practices for Responsible AI Adoption by Financial Institutions
The Financial Stability Board set out 12 sound practices covering organisation-wide governance and lifecycle risk management for AI.