Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Hong Kong Regulator's Thematic Reviews Strengthen Sanctions Compliance Framework
The Hong Kong Monetary Authority's targeted regulatory reviews have substantially improved how financial institutions manage sanctions controls, marking a significant advancement in compliance effectiveness across the banking sector.
Bangladesh Bank Rejects Fine Waivers on Trio of Lenders
Bangladesh Bank's board has upheld Tk15 lakh fines against Sonali Bank, Islami Bank, and Standard Bank for inaccurate classified loan reporting to the Credit Information Bureau. The decision underscores the central bank's push for stricter lending transparency amid ongoing sector challenges.
India Launches CGSMFI-2.0 to Boost Microfinance Lending
The Government of India has rolled out Credit Guarantee Scheme for Microfinance Institutions-2.0, offering up to 80% guarantee cover to encourage bank lending to MFIs. It targets support for 36 lakh small borrowers until June 2026 or ₹20,000 crore in guarantees.
RBI Slaps Penalties on Multiple Indian Banks for Violations
The Reserve Bank of India fined several banks and NBFCs between Rs 30,000 and Rs 1 lakh for breaching KYC norms, governance standards, and Banking Regulation Act rules from March 11-20. This underscores RBI's zero-tolerance stance on compliance lapses amid rising financial scrutiny.
UK PRA Fines Bank of London and Parent £2M for Integrity Failures
Britain's PRA imposed a £2 million penalty on The Bank of London Group and Oplyse Holdings for misleading regulators on capital positions and failing to act with integrity from 2021 to 2024. The fine, reduced from £12 million due to financial hardship, marks the regulator's first such action agai...
ECB Speeds Securitisation Approvals to Eight Days for Simpler Deals
The ECB has launched a fast-track process for simple securitisations, slashing supervisory reviews from three months to eight working days since January. Aimed at boosting the EU market, it demands standardised structures while preserving risk oversight.
PRA Fines Bank of London Group and Parent Oplyse Holdings £2 Million for Misleading Regulator
The PRA fined The Bank of London Group and Oplyse Holdings £2 million after finding the lender repeatedly misled regulators about its capital position over nearly three years.
RBI Imposes ₹2.17 Crore in Penalties on Union Bank, Bank of India, and Central Bank of India
The Reserve Bank of India fined three public sector lenders a combined ₹2.17 crore for KYC failures, lending breaches, and electronic transaction lapses.
EU Banks Risk Fines as DORA Deadlines Hit March 2026
With Register of Information submissions due March 20 in the Netherlands and March 30 in Germany, most European financial firms remain unprepared for DORA compliance. Fines up to 2% of global turnover loom as regulators shift to enforcement.
US Banks Face New Fraud Mandate as Nacha Rules Kick In
The largest participants in the American payments system face a regulatory compliance deadline on Thursday when Phase One of Nacha's new risk management rules takes effect, requiring major financial institutions and corporate originators to implement proactive fraud monitoring for ACH transactions.
SEC Declares Most Crypto Assets Fall Outside Securities Law
At the centre of the new framework is what the SEC terms the "functional crypto system" standard, which evaluates whether a digital asset derives its value from programmatic operations within a blockchain network rather than from the managerial efforts of third parties.
Brussels Plans Temporary Shield from Basel Trading Book Rules
Under the plan being considered, EU policymakers would introduce transitional arrangements that offset the increase in capital requirements stemming from the FRTB framework for as long as three years.