The ECB is reportedly concerned that a sharper slowdown next year could trigger a wave of defaults, and that banks may be underestimating the risks.
October 12, 2022The HKMA found control lapses in onboarding due diligence as well as ineffective procedures for determining whether beneficial owners were PEPs.
August 29, 2022The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.
December 8, 2020The unified payment solution for consumers and merchants across Europe will encompass a payment card, digital wallet, and online and P2P payments.
July 6, 2020Commerzbank's London Branch failed to conduct periodic due diligence on clients, address transaction monitoring weaknesses, and to have adequate CDD policies and procedures in place.
June 19, 2020Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.
March 31, 2020HKEX has reportedly brought in UBS, Credit Suisse and HSBC to help it engage with LSEG shareholders and provide advice on its recently-rejected bid to takeover the London bourse.
September 24, 2019