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Financial Services

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UBS to pay record fine for 'recidivist' anti-money laundering compliance failures August 04, 2026 | Samuel Rubenfeld

A UBS unit was ordered Monday to pay $125 million in penalties after failing to comply with a 2018 consent order from US regulators to improve its anti-money laundering compliance program. The penalty is the l... (more story)

Ex-Goldman banker received client’s funds, made cash withdrawals, US jury sees August 04, 2026 | Samuel Rubenfeld

A former Goldman Sachs banker received millions of dollars directly from his Turkish client, and hundreds of thousands more from consultants, as he engaged in a foreign bribery scheme in Ghana, according to su... (more story)

US community banks seeking ties would be relieved of curbs under OCC plan August 03, 2026 | Neil Roland

US community banks seeking partnerships would be relieved of federal constraints on their release of confidential supervisory and enforcement information to other banks under a new Office of the Comptroller of... (more story)

Ex-Goldman banker paid Ghana parliament members to back deal, US jury hears August 01, 2026 | Samuel Rubenfeld

A former Goldman Sachs banker paid members of the Ghanaian parliament to ratify a power plant deal with the government there on behalf of its client, a Turkish energy firm, prosecutors told a New York jury on Friday.

OppFi’s application for national bank charter opposed by 123 groups, academics July 31, 2026 | Neil Roland

Opportunity Financial’s request to acquire a national bank should be denied by federal regulators on grounds that the firm could make payday loans in every state, according to a coalition of 123 consumer, civi... (more story)

New US community bank loan limits to insiders proposed by Fed July 31, 2026 | Neil Roland

The US Federal Reserve proposed updated community-bank loan limits to insiders who could potentially influence the institutions' credit decisions. The insiders under 1979's Regulation O consist of executive of... (more story)

UK equity markets reform consultation stresses transparency, access July 31, 2026 | Maciej Boguslawski

Planned reform of UK equity markets focuses on improving transparency, strengthening access to market-wide trading data and supporting confidence in the UK capital markets, the financial regulator has indicate... (more story)

Ghanian official awaited ‘holy rain’ of bribes, US jury hears at ex-banker’s trial July 31, 2026 | Samuel Rubenfeld

A senior Ghanian government official was awaiting a “holy rain” of bribes after helping to secure approvals necessary for a power plant deal, jurors in New York were told at a former Goldman Sachs banker’s corruption trial. 

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EU Commission cautiously frames sensitive debate on banking reforms July 17, 2026 | Fanny Roux

The European Commission's banking competitiveness report, published on July 17, is set to revive decade-old debates on the bloc's single rulebook. It outlines plans for lenders, including freer flow of capital... (more story)

Kickoff for cloud giants' new UK oversight regime spotlights its novel approach July 17, 2026 | Maciej Boguslawski

Amazon Web Services, Google Cloud, Microsoft and Oracle have, as expected, become the first cloud companies in the UK to be designated as “critical” by UK financial regulators, who are looking ever closer at t... (more story)

EU govts committed to market integration deal by October, with refocused talks July 10, 2026 | Fanny Roux

EU finance ministers on Friday committed to reaching an agreement by October on the Market Integration and Supervision Package. Ireland is steering focused negotiations on core provisions — including the scope... (more story)

Indonesia's crypto overhaul shifts challenge to implementation July 10, 2026 | Roffie Kurniawan

Indonesia has completed its shift to centralized regulation of crypto and digital financial assets under the Financial Services Authority, or OJK. The reforms promise greater legal certainty and a broader regu... (more story)

Rising tide in UK sanctions enforcement signaled by intelligence-sharing deal July 09, 2026 | Maciej Boguslawski

Sanctions enforcement is rising up the agenda in the UK, most recently with the country’s largest penalty to date for a breach of financial sanctions on Russia over its Ukraine war. In this context, a recent m... (more story)

Lawmakers warmer toward more EU-level capital markets oversight than govts July 03, 2026 | Fanny Roux

EU lawmakers are pushing for more EU-level oversight of capital markets than national governments in a jumbo legislative package which aims to foster a more efficient, integrated, and competitive financial sys... (more story)

Heinäluoma’s plan for EU-level oversight of asset managers faces backlash July 01, 2026 | Fanny Roux

Asset managers are pushing back against a key EU lawmaker's proposal to bring them under direct supervision by the European Securities and Markets Authority, calling it unwarranted and contrary to EU competiti... (more story)

UK financial regulators’ tone shifts on AI after frontier models access shock July 01, 2026 | Patricia Figueiredo

UK financial regulators are sharpening warnings over AI risks, including whether existing frameworks can manage increasingly autonomous systems and cyber threats. The shift, flagged in recent speeches by top B... (more story)