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Latest News - Regulation

Whitney Bank receives regulatory nod for acquisition of nine First NBC Bank branches

  • Published: 22 Feb 2017

Whitney Bank, the banking subsidiary of Hancock Holding Company, has obtained regulatory approval to acquire nine branches and about $1.3bn in loans from First NBC Bank, a banking unit of First NBC Bank Holding Company.. read more

ADGM, Central Bank of Jordan sign accord to improve banking & financial supervision

  • Published: 21 Feb 2017

Abu Dhabi Global Market (ADGM) and the Central Bank of Jordan (CBJ) have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in their financial markets.. read more

Abu Dhabi, Australia regulators sign cross-border collaboration agreement

  • Published: 17 Feb 2017

Abu Dhabi Global Market (ADGM) and Australian Prudential Regulation Authority (APRA) have inked a memorandum of understanding (MoU) to support cross-border collaboration in their financial markets.. read more

Abu Dhabi, Malta regulators sign cross-border cooperation agreement

  • Published: 16 Feb 2017

Abu Dhabi Global Market (ADGM) and the Malta Financial Services Authority (MFSA) have signed a memorandum of understanding (MoU) to strengthen cross-border cooperation for the supervision of financial institutions.. read more

Brexit white paper: ‘Freest possible trade’ is the goal

  • Author: Patrick Brusnahan
  • Published: 2 Feb 2017

In a white paper released by the UK government, it claimed that its aim for the banking sector is to secure the ‘freest possible trade’ between the UK and EU Member states. read more

Deutsche Bank fined $630m over money laundering claims

  • Published: 31 Jan 2017

Deutsche Bank has agreed to pay $630m in total to US and UK authorities to settle allegations of engaging in a money laundering scheme to move money out of Russia, and for exposing the UK financial system to the risks of financial crime.. read more

Abu Dhabi and Mauritius financial regulators sign cooperation agreement

  • Published: 30 Jan 2017

Abu Dhabi Global Market (ADGM) and the Mauritius Financial Services Commission (Mauritius FSC) have signed a memorandum of understanding (MoU) to improve cross-border regulatory cooperation or the supervision of financial institutions.. read more

India Post obtains payments bank licence

  • Published: 30 Jan 2017

India Post has secured a licence from the Reserve Bank of India (RBI) to begin payments bank operations.. read more

Citigroup fined $28.8m for mistreating home borrowers

  • Published: 24 Jan 2017

Citigroup’s mortgage units have been fined $28.8m by the Consumer Financial Protection Bureau (CFPB) for giving the runaround to home borrowers seeking foreclosure relief.. read more

Societe Generale to pay $50m fine to settle RMBS fraud claims

  • Published: 23 Jan 2017

Societe Generale has agreed to pay a $50m civil penalty to resolve claims that it defrauded investors, including federally insured financial institutions, in the marketing and sale of a residential mortgage-backed security (RMBS).. read more

Deutsche Bank finalises $7.2bn settlement with DOJ over sale of toxic securities

  • Published: 20 Jan 2017

Deutsche Bank has reached a $7.2bn final settlement with the US Department of Justice (DOJ) over the issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007.. read more

UniCredit’s €13bn rights issue plan receive shareholders nod

  • Published: 13 Jan 2017

Shareholders of Italian banking group UniCredit have given the go-ahead to the bank's €13bn rights issue plan.. read more

P2P lender LandlordInvest secures ISA manager approval

  • Published: 13 Jan 2017

UK-based peer-to-peer (P2P) lending platform LandlordInvest has secured ISA manager approval from HM Revenue and Customs (HMRC).. read more

HSBC fined $32.5m by US regulator over faulty mortgage foreclosures

  • Published: 10 Jan 2017

HSBC Bank USA has been fined $32.5m by the Office of the Comptroller of the Currency (OCC) for violations of a 2011 consent order that directed the bank to overhaul its mortgage foreclosure practices.. read more

New York’s anti-terrorism transaction monitoring rule goes into effect

  • Published: 9 Jan 2017

Department of Financial Services’ (DFS) new anti-terrorism and anti-money laundering regulation that requires financial institutions operating in New York to maintain programs to monitor transactions for possible money laundering has gone into effect.. read more

Baidu and China CITIC Bank receive regulatory nod for direct bank

  • Published: 6 Jan 2017

A joint venture of Chinese search engine Baidu and China CITIC Bank has secured regulatory approval to launch a direct bank in Beijing.. read more

China’s Yilian Bank secures licenses for small loans and private banking businesses

  • Published: 6 Jan 2017

Yilian Bank, a newly created private bank in China, has secured dual licenses from China Banking Regulatory Commission to conduct loans and private banking businesses.. read more

Morocco’s central bank gives go-ahead to five Islamic banks

  • Published: 6 Jan 2017

Bank Al Maghrib, Morocco’s central bank, has given the approval to five companies to set up shariah-compliant banks in the country.. read more

Fidelity Commercial Bank secures shareholders’ nod for acquisition by SBM Holdings

  • Published: 5 Jan 2017

Kenya’s Fidelity Commercial Bank has received shareholders’ approval for its sale to Mauritian financial services group SBM Holdings.. read more

Deutsche Bank to pay $95m to resolve US tax evasion allegations

  • Published: 5 Jan 2017

Deutsche Bank has agreed to pay $95m to settle a US government civil lawsuit that alleged the bank of using shell companies to dodge taxes.. read more


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