banking-regulation
22 stories related to this topic, newest first.
thehindu.comECB Calls Meeting With Banks Over AI Model Risks
The European Central Bank has summoned banks to a hastily arranged meeting to address flaws in risk models exposed by recent AI developments. Officials plan to emphasize the seriousness of risks to the financial system.
Washington ExaminerHouse Committee Holds Hearing on Updating Bank Secrecy Act Reporting Rules
The U.S. House Committee on Financial Services held a hearing this week on modernizing the Bank Secrecy Act. Federal regulators have also issued a joint notice of proposed rulemaking to update program requirements for supervised financial institutions.
Executive Order Directs Review of Banking Risks Linked to Immigration Status
An executive order directs the Treasury Department to issue guidance to banks on credit risks tied to individuals without legal immigration status. The order also calls for proposed changes to the Bank Secrecy Act to help banks obtain immigration and employment data.
SemaforU.S. regulator says executive order on bank customer checks is common sense
A U.S. banking regulator described a new executive order directing banks to review customer immigration status as a reasonable set of reforms. The order aligns with ongoing federal efforts to update anti-money laundering rules.
Substrate placeholder — needs reviewTrump Directs Treasury to Issue Banking Guidance on Illegal Immigrants
President Trump on Tuesday ordered the Treasury Department and other financial regulators to issue guidance on banking services for illegal immigrants. The directive focuses on changes to the Bank Secrecy Act and customer identification requirements.
SemaforTrump Signs Executive Orders on Bank Rules for Immigrants and Fintech Access
President Trump signed two executive orders Tuesday directing Treasury to guide banks on undocumented immigrants' accounts and loans while directing regulators to review fintech access to Federal Reserve payment systems.
SemaforExecutive order directs Treasury to advise banks on immigrant account access
A pair of executive orders will direct Treasury and regulators to review rules on customer identification and fintech access to Federal Reserve payment systems. The first order steps back from earlier proposals that would have required banks to collect citizenship information fro…
ibtimes.co.ukU.S. Regulators Propose Changes to Bank Examiner Rating Process
U.S. regulators have released a proposal to revise the system used by examiners to assign confidential ratings to banks. The plan addresses long-standing complaints from lenders about the current evaluation method.
americanbanker.comU.S. Regulators Plan to Revise Secret Bank Ratings
U.S. regulators may release this week a proposal to change how bank examiners assign confidential ratings. The plan would alter the current system used to evaluate bank safety and soundness.
cointelegraph.comNigeria Banks Permit Inactive Companies to Maintain Accounts
Officials at Nigeria's central bank are working with other agencies to strengthen customer verification and monitoring rules for corporate accounts. Transparency advocates say inactive companies are being used to obtain public contracts while hiding beneficial owners.
ai-cio.comSenate Banking Committee to Consider Crypto Clarity Act This Week
The Senate Banking Committee is scheduled to review the Clarity Act, legislation that would establish a regulatory framework for stablecoins. The American Bankers Association sent an email urging bank executives to contact senators about concerns the bill does not sufficiently re…
pymnts.comStablecoin Projects Receive Funding and Bank Charter
A debate on X last week questioned whether Visa will dominate payments in agentic commerce or lose ground to blockchain-based stablecoins. Visa's crypto head joined the discussion, while several crypto companies announced major funding, acquisitions and regulatory wins. The devel…
BenzingaSenate Banking Committee to Vote on Digital Asset Market Clarity Act on May 14
The Senate Banking Committee will hold a markup hearing and vote on the Digital Asset Market Clarity Act on May 14 at 10:30 a.m. ET. The bill aims to establish regulatory oversight for digital assets including stablecoins. Banks have raised concerns that provisions on stablecoin…
CoinDeskKraken Parent Payward Applies for National Trust Company Charter
Payward, the parent company of crypto exchange Kraken, has applied for a national trust company charter with the Office of the Comptroller of the Currency. The proposed Payward National Trust Company would provide federally regulated custody services for digital assets.
ForbesOCC Spring 2026 Risk Report Finds Elevated Operational and Commercial Credit Risks Despite Sound Banking System
The Office of the Comptroller of the Currency released its Spring 2026 Semiannual Risk Perspective on May 7, stating the federal banking system remains sound and resilient. The report highlights elevated risks across commercial credit, operational threats and geopolitical factors…
medianama.comU.S. Banks Seek Delay in Genius Act Implementation as Agora Applies for Bank Charter
Major U.S. banks have asked regulators for extended public comment periods before fully implementing the Genius Act, which would require stablecoin issuers to operate as banks. Banking groups also want to delay the law's rollout. Meanwhile, crypto firm Agora has filed for a natio…
Substrate placeholder — needs reviewRegulator Urges Banks to Support Capital Rule Changes Without Exemptions
A regulator stated that proposed capital rule changes already include eased requirements and encouraged Wall Street banks to support them without seeking carve-outs. Major banks, including JPMorgan Chase and Goldman Sachs, have continued to oppose the changes. This relates to the…
Substrate placeholder — needs reviewFederal Reserve Official Advises Wall Street Leaders to Support Capital Plans and Cease Carve-Out Requests
A senior Federal Reserve official recently addressed Wall Street leaders on capital plans. The official encouraged support for the plans and advised against seeking carve-outs. The plans are viewed by some as beneficial to the industry.
Substrate placeholder — needs reviewSwiss Government Orders UBS to Set Aside $20 Billion in Additional Reserves
Swiss authorities have directed UBS to allocate an extra $20 billion in reserves to cover potential losses from its foreign operations. The measure aims to prevent taxpayer-funded bailouts following the 2023 Credit Suisse collapse. UBS received some concessions but criticized the…
Substrate placeholder — needs reviewSwedish Appeals Court Overturns Guilty Verdict, Acquits Ex-Swedbank CEO in Money Laundering Case
A Swedish court has acquitted Birgitte Bonnesen, former CEO of Swedbank, overturning a prior guilty verdict related to the bank's anti-money laundering efforts. The lower court had sentenced her to 15 months in prison. This decision resolves the legal proceedings against her.
Substrate placeholder — needs reviewPakistan Central Bank Lifts Seven-Year Ban on Banking for Licensed Crypto Firms
Pakistan's central bank has authorized banks to open accounts for licensed virtual asset service providers, ending a seven-year restriction on formal banking access for crypto firms. The move takes effect immediately and applies to providers licensed under relevant regulations. T…
Substrate placeholder — needs reviewTrump Administration Supports Proposal for Stablecoin Issuers to Offer Investor Yields
The Trump administration has endorsed a proposal allowing stablecoin issuers to provide yields to investors. This stance positions the White House alongside the cryptocurrency industry in opposition to banking lobby concerns. The development highlights ongoing tensions over stabl…