07/31/2023
Eight US banks slapped with higher capital buffers
US units of Deutsche and UBS hit with highest SCBs yet imposed by the Fed
Legal, Regulation & Compliance
07/28/2023
Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets
U.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks’ capital requirements to address evolving international standards and the recent regional banking crisis.
07/27/2023
Fed leaves open the possibility of further tightening
These factors should help to keep inflation down in the near term, giving the Fed little reason to hike rates in consecutive meetings.
07/26/2023
US banks warned over uninsured depositing errors
Silicon Valley and Signature Bank, two regional banks in the US, collapsed in March for similar reasons, which has led to some of the biggest lenders being scrutinised.
07/20/2023
Bankjoy Integrates with Plaid to Enable Seamless Account Management for Businesses
Bankjoy’s Business Banking platform is designed to deliver a superior digital banking experience for business and commercial account holders.
07/19/2023
US anti-ESG discourse implications
The flow of state-level initiatives is likely to continue into next year as failed or pending bills are likely to be introduced again in the next legislative session across the country.
07/14/2023
Fidelity forms Bermuda long term reinsurer
The BMA also special purpose insurers Stabilitas Re and Mayflower Re, both of which are catastrophe bond vehicles.
07/14/2023
Herbert Smith Freehills Secures Rare Pre-Discovery Dismissal
Judge Robert Mega found that New and Modern's alleged conduct consisted of legitimate commercial activity
07/14/2023
SEC fines Cantor Fitzgerald over repeated failure to identify large traders
It also said Cantor repeatedly failed for more than a decade to file forms identifying itself or affiliates as large traders.
07/13/2023
SEC adopts amendments to money market funds regulation
A six-month transition period will apply for certain other amendments, including the minimum portfolio liquidity requirements and discretionary liquidity fee provision.
07/12/2023
Bank of America hit with multiple fines over banking malpractice
Bank of America harmed hundreds of thousands of consumers over a period of several years and across multiple product lines and services.
07/10/2023
Bank of Canada expected to raise interest rate in the face of mixed signals
The majority thought the Canadian economy would be in, or near, a recession by now, squeezed by the most aggressive interest rate-hike cycle in decades.
07/07/2023
Canadian regulators outline expectations for investment funds holding crypto
The guidance provides an overview of public crypto asset funds operating in Canada and describes related oversight initiatives by CSA members.
07/06/2023
Finra Bars Ex-Wells Broker Fired Over Outside Activity, Debit Card Request
Brad M. Jacobson, who was terminated by Wells in April 2022, accepted the bar without admitting or denying the allegations and represented himself in the case.
07/05/2023
The Fed can’t decide how much money US households have left
The problem is that no one, not even the Federal Reserve, knows how much longer the American consumer can keep on spending.
06/28/2023
US banks scramble on research fees as reprieve on European rules runs out
Many in the banking industry had hoped a regulatory reprieve in place since October 2017 would be extended beyond July 3, analysts said, explaining the reason behind the eleventh-hour scramble.
06/27/2023
Banks raised questions in 2020 about FTX-affiliated hedge fund's wire activity, FTX says
Bankman-Fried has pleaded not guilty to 13 counts of fraud and conspiracy.
06/22/2023
The Toronto-Dominion Bank Receives Regulatory Approval for Normal Course Issuer Bid
As previously announced, TD intends to launch a new normal course issuer bid to repurchase for cancellation up to 30 million of its common shares.
06/21/2023
Dimon may have ordered JPMorgan's review of Epstein ties, Virgin Islands says
Internal emails show that following Epstein's July 2019 arrest on sex trafficking charges, JPMorgan conducted a review known as "Project Jeep"
06/20/2023
BofA: Crypto Sentiment 'Remains Poor' Following SEC Actions
The bank also projects that blockchain infrastructure and tokenization will “transform financial and non-financing infrastructure and markets over the next five to 10 years.”