Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.
2 senior managers dismissed and 3 disciplined for breaches.
Regulator says bank did not properly assess borrowers’ repayment ability.
Bonuses could be frozen when banks are in the midst of a scandal.
Regulator says ‘principles-based approach’ doesn’t ‘ensure sound residential mortgage lending assessments’.
Three ‘no-action’ conditions removed from disclosure statement rules.
Executive board member says climate change now has ‘potential system-wide implications’.
ADIs will be required to report on a quarterly basis.
Financial Markets Authority sets out seven priorities for the coming year.
Banks raise concerns about publication timing, data control, inclusion of liquidity metrics.