Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
BCEAO doubled WAEMU e-money holdings ceiling to CFA4 million from November
BCEAO raised the e-money holdings ceiling to CFA4 million and monthly top-ups to CFA15 million across WAEMU, with Instruction 020 taking effect on 2 November 2026.
EU ministers agreed ESMA supervision shift for major cross-border markets
EU finance ministers agreed key elements of a capital-markets package that would move supervision of the largest cross-border trading venues, depositories, clearing houses and qualifying crypto providers to ESMA.
BaFin imposed new Deutsche Bank deadlines for transaction-monitoring system repairs
BaFin set binding new deadlines for Deutsche Bank to remedy transaction-monitoring data-system deficiencies, updating legally binding orders from 2021 and 2023 after technical requirements changed.
FSB found major bank-resolution funding gaps across most member jurisdictions
The Financial Stability Board found that approximately half of assessed jurisdictions still had material public-backstop funding gaps, and issued six recommendations to improve readiness before systemic bank failures.
American Express received $350 million penalty over anti-money laundering failures
US regulators fined American Express $350 million after finding systemic anti-money laundering control failures that left approximately $13 billion of suspected trade-based laundering activity insufficiently identified and reported.
Ghana warned banks against processing payments for 20 unlicensed loan apps
The Bank of Ghana named 20 mobile loan applications operating without approval and warned banks, deposit-takers and payment providers not to process transactions for unlicensed lenders.
Lebanon reportedly questioned 40 bankers over $100 million in overseas transfers
Lebanon’s financial prosecutor reportedly questioned 40 bankers from eight institutions over $100 million transferred abroad, while ordering the funds returned to frozen accounts under judicial supervision.
Basel Committee said three quarters of jurisdictions published final rules
The Basel Committee said three quarters of 27 jurisdictions had published final Basel III rules, while almost all had set bank application for April 2027 or earlier.
RBI Finalised New Counterparty Risk Rules for Indian Commercial Banks
The Reserve Bank of India finalised counterparty-risk and valuation-adjustment rules for commercial banks, setting ₹25,000 crore and ₹10 lakh crore thresholds before implementation on 1 April 2027.
United States OCC launched payment-fraud reporting tool for community banks
The OCC launched a tool allowing community banks to report suspected payment fraud involving OCC-regulated institutions directly to a task force, alongside renewed information-sharing guidance.
United States NCUA liquidated Jackson Area Federal Credit Union after insolvency
The NCUA liquidated insolvent Jackson Area Federal Credit Union after Five Star Credit Union assumed its share accounts and bought some assets, preserving member access to insured funds.
United States SEC declined enforcement in Exxon Climate Action 100+ inquiry
The SEC declined enforcement over known Climate Action 100+ conduct at Exxon’s 2021 board election but warned coordinated investor activity could trigger stricter ownership disclosures.