European Parliament backs digital euro to cut US reliance
The European Parliament's Economic and Monetary Affairs Committee has approved the digital euro, a central bank-backed digital currency designed to reduce the eurozone's dependence...
EBA overhauls ESG disclosure rules for EU banks
The European Banking Authority (EBA) has published final draft Implementing Technical Standards (ITS) that overhaul how banks must disclose information on ESG risks, as...
APRA’s governance overhaul targets poor oversight culture
The Australian Prudential Regulation Authority (APRA) has launched the final phase of its governance review, publishing updated draft requirements intended to raise leadership standards...
Union Investment bets on Fenergo ahead of EU AMLR deadline
Union Investment has selected Fenergo to lead a company-wide transformation of its client onboarding and KYC operations ahead of incoming EU regulatory requirements.
The initiative...
ECB sets 2031 deadline for unified bank reporting
The European Central Bank (ECB), the institution responsible for monetary policy across the euro area, has set out the key milestones for the phased...
Hong Kong regulator flags AI-driven attack risks
Hong Kong's Securities and Futures Commission (SFC), the city's chief financial markets regulator, has put licensed brokers and virtual asset platforms on notice over...
Why FATCA and CRS firms keep repeating the same mistakes
For financial institutions worldwide, FATCA and CRS reporting season has become less a compliance milestone and more an annual confrontation with the same unresolved...
Co-operative Bank faces $1.4m AML penalty in NZ court
New Zealand's Reserve Bank – Te Pūtea Matua (RBNZ), the country's central bank and financial regulator, has launched civil proceedings in the Wellington High...
UK government launches independent face-to-face banking review
The UK government has commissioned an independent review of in-person banking access, alongside new legislative powers to act on its findings if intervention is...
SFC tightens grip on broker account opening failures
Hong Kong's Securities and Futures Commission (SFC), the city's primary markets regulator, has issued a stark warning to licensed securities brokers after a review...