Topic
banking-regulations
6 stories related to this topic, newest first.
coindesk.comfinance49 days ago
Morgan Stanley's Bitcoin ETP Attracts $100 Million in Inflows in First Six Days
Morgan Stanley launched MSBT, the first bitcoin-backed exchange-traded product from a U.S.-chartered bank, attracting more than $100 million in inflows entirely through self-directed channels. Amy Oldenburg, head of digital asset strategy, highlighted regulatory barriers to banks…
pymnts.comworld51 days ago
Illinois Law to Ban Interchange Fees on Taxes and Tips Effective This Summer
An Illinois law scheduled to take effect this summer will prohibit banks from charging interchange fees on taxes and tips. The measure has prompted opposition from banks. The law aims to reduce costs for consumers and businesses by limiting these processing fees.
insurancejournal.compolitics51 days ago
U.S. Treasury Moves Forward with Bank Requirement to Verify Customer Citizenship
The U.S. Treasury is developing a plan requiring banks to collect and verify customers' citizenship information. Treasury Secretary Scott Bessent stated the order is in process. Estimates indicate potential administrative costs of $2.6 billion to $5.6 billion and additional paper…
swissinfo.chworld59 days ago
UBS Criticizes Swiss Government's Tougher Banking Rules as Bank's Riskiest Bonds Rise
UBS criticized the Swiss government's announced plans for tougher banking rules. Following the criticism, the bank's riskiest bonds increased in value. The developments were reported amid ongoing discussions on banking regulations in Switzerland.
Substrate placeholder — needs reviewfinance65 days ago
Federal Reserve Official Daly Discusses Potential Impact of Bank Capital Changes
Federal Reserve official Daly indicated that changes in bank capital requirements could lead to reduced demand for reserves. This might result in a smaller Federal Reserve balance sheet. The statements highlight potential shifts in monetary policy dynamics.
FI
Substrate placeholder — needs reviewworld75 days ago
FDIC Issues Guidelines for Banks and Fintech Subsidiaries on Stablecoin Use
The Federal Deposit Insurance Corporation (FDIC) has released guidelines outlining how insured banks and their fintech subsidiaries can engage with stablecoins. These guidelines aim to ensure safe and sound operations amid growing interest in digital assets. The framework address…
BU