Financial Services

The Basel Committee on Banking Supervision published final changes in its global standards to curb banks’ use of “window dressing” to deceptively lower their scores used to assess their status as global system... (more story)

Three former traders from Barclays and one from Deutsche have had their bans from working in the UK’s financial industry overturned following the quashing of their criminal convictions last week. The four had ... (more story)

Global standard-setting bodies shouldn't rely on the findings of US or other domestic investigations, said Michelle Bowman, the US Federal Reserve's top banking regulator, citing the "inherently flawed" report... (more story)

Swedish lender Skandinaviska Enskilda Banken (SEB) agreed on Thursday to pay $33 million to resolve a New York regulatory probe of deficiencies in the bank’s anti-money laundering compliance program. The bank ... (more story)

The Financial Stability Board identified 12 ways to minimize artificial intelligence risks among financial firms while maximizing responsible AI adoption – including “strongly” encouraging board and senior man... (more story)

The Australian Banking Association is seeking regulatory approval for banks to collaborate on regional services and trial up to 10 shared hubs to preserve face-to-face banking in communities without branches. ... (more story)

The Financial Stability Board should apply more high-level principles and fewer detailed prescriptions to avoid early policy recommendations that lag in implementation in some jurisdictions, an FSB panel heade... (more story)

Bank of America was hit with a $1.2 billion penalty by US Treasury Department's Financial Crimes Enforcement Network over its failure to mitigate and report national security risks. The agency credited $750 mi... (more story)