Reporting and GovernanceRSS
Patricia Sullivan

Efforts stepped up to save correspondent banking

Entire countries are at risk of being cut out of the global financial system due to de-risking, which is also holding back economic growth, leaving global standard-setters, banks and fintechs struggling to find a solution. By Farah Khalique.

Kelvin Dickenson

Firms turning to automation to keep pace with anti-money laundering rules

Firms turn to automation to comply with tough anti money laundering rules as fines for infringements continue to pile up


US regulatory spat over bank charters creating uncertainty for fintech

A dispute between the OCC and state regulators over special purpose bank charters is sowing uncertainty for the US fintech sector

Scope Ratings report addresses 'myths' around cyber risk

Cyber risk (CyR) is an existential threat for banks that have a presence on the internet, which means all of them, said Scope Ratings in a report.

DSB closes consultation on its services

On June 5, the Derivatives Service Bureau (DSB) closed a consultation requesting feedback from direct and indirect users on its services and functionality.

Singapore ponders digital only bank licences

Singapore could be set to join other jurisdictions such as Hong Kong in setting up a special licencing regime for digital only banks to help maintain its position as a cutting edge centre for technology.

Whistleblower slams FCA for not acting on complaint

The UK’s Financial Conduct Authority (FCA) has come in for strong criticism from a whistleblower who used to work at Lloyds Banking Group for not acting on her complaint despite acknowledging its seriousness.

FSB hands over progress report on its cyber toolkit to G20

The Financial Stability Board (FSB) has delivered a progress report on the development of a toolkit to help firms cope with cyber attacks ahead of the G20 finance ministers and central bank governors meeting in Fukuoka on June 8-9.

SEC issues guidelines around exchange fees

Stock exchanges have been given guidelines on how they describe and justify their fees for services such as data provision and connectivity, the US Securities and Exchange Commission said.

FSB sees glimmer of hope in reversing decline in correspondent banking relationships

There is growing evidence that regulators are pursuing clarifications with their peers and are implementing a number of other measures to halt the decline in correspondent banking relationships, the Financial Stability Board (FSB) said in a statement.