Regulations and Compliance

Reporting on financial regulations, compliance requirements, data privacy laws, anti-money laundering (AML), know-your-customer (KYC) regulations, and related topics affecting the Swiss financial industry.

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Treasury Secretary Janet Yellen said in a speech Tuesday that "financial institutions risk being left behind with stranded assets, outdated business models, and missed opportunities to invest in the growing

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Regulations and Compliance

Fraud cost $500B, illicit money topped $3T in 2023: Nasdaq report

As the scale of financial crimes grows around the world, banks and financial institutions see a tidal wave of fraud,

7 Min Read

Industry says Basel rule violates law if it isn’t revised

A coalition of banking trade groups Friday submitted their comments to the Basel III endgame capital proposal, arguing that several

5 Min Read

House Financial Services Committee forms AI working group

Representative French Hill, a Republican from Arkansas and vice chair of the House Financial Services Committee, will lead the committee's

6 Min Read

Senate Democrats ask regulators to probe Navy Federal | Credit Union Journal

Senate Banking Committee chair Sherrod Brown, D-Ohio, and Senate Armed Services Committee chair Jack Reed, D-R.I., joined other Senate Democrats

4 Min Read

CFPB issues advisories on background checks

The Consumer Financial Protection Bureau issued new advisories addressing inaccurate background checks and credit reporting on Thursday, in part aimed

5 Min Read

Fed Inspector General: Board needs policies for sensitive information

The Federal Reserve Office of the Inspector General released a report Thursday saying that the board of governors lacks sufficient

4 Min Read

Federal Reserve hits four bankers for mishandling private data

The Federal Reserve Thursday issued enforcement actions against four former bankers for misappropriating sensitive bank information and barred one from

3 Min Read

Bank M&A nearly flatlined in 2023, reaches pandemic-era low

Bank merger-and-acquisition volumes slowed to a near standstill in 2023, hindered by high interest rates and related recession fears as

5 Min Read

Senate fails to override veto of small business data collection rule

A motion to override President Biden's veto of a Congressional Review Act motion to nullify the Consumer Financial Protection Bureau's

6 Min Read
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