The Banking Risk and Regulation Brief

Banking Risk and Regulation Brief September 19 2025. The top stories this week:Vanquis tripped a terror sanctions wire — over an £8.99 purchase.US banks line up their crypto playbooks after a key compliance shift.Modern slavery — why it should be treated as an economic crime.Read these stories and more at Bankingriskandregulation.com a service from the Financial Times.We bring you trusted analysis for professionals across the three lines of defence.

Banking Risk and Regulation Brief September 12 2025The top stories this week. The UK moves to ease tough due-diligence rules. Also. Inside a fraud lab taking on KYC injection attacks and deepfakes. And finally. The FCA says some wholesale firms are over-doing Consumer Duty.The UK’s due-diligence regime is set for a rethink.Independent expert Caleb Hogg says planned changes could narrow when firms must treat clients as high risk — shifting how Enhanced Due Diligence is applied in practice.Fraudsters are probing your KYC stack. We go inside Entrust’s lab where analysts test “injection attacks” — exploits that hijack capture flows and help deepfakes slip through. The takeaway: tighten liveness checks, watch sub-process handoffs, and stress-test with synthetic media.A reality check from the FCA. Lucy McNulty reports that some wholesale firms have over-interpreted Consumer Duty — piling on cost and complexity without clear benefit. The signal: sharpen “fair value” evidence, but don’t gold-plate.

Banking Risk & Regulation Brief — 5th September 2025This week, the UK’s new fraud law raises the stakes for boards. Francesca Washtell tracks how fines are surging across compliance hotspots, with crypto in the crosshairs. And Eden Harris explores whether Donald Trump could really sack Fed chair Jay Powell.Failure to prevent fraud: six steps to stay ahead — Ted Datta explains what boards must do to comply with the UK’s new fraud offence, from targeted risk assessments to evidence of “reasonable procedures”. With unlimited fines at stake, senior leaders cannot afford complacency.Regulatory fines skyrocket 400% — Francesca Washtell shows how crypto exchanges and fast-growing payment firms are now paying the price for weak controls. Regulators are punishing failures on KYC, suspicious activity reporting, and sanctions — while workloads soar and headcount lags.Lisa Cook case may determine if Trump can remove Jay Powell — Eden Harris reports on a legal battle with global consequences. If Trump succeeds in reshaping the Fed’s leadership, analysts warn of higher inflation, rising rates, and a direct hit to central bank independence.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on August 29, 2025.This week, the American Bankers Association quietly drops DEI from its public messaging. Victor Smart tracks how US lenders are rebranding or scaling back diversity efforts under legal and political pressure. With regulatory risks rising, “workplace excellence” is the new euphemism — and compliance, not values, is setting the tone.In a new book reviewed by Jennifer Geary, The Dark Pattern lays out the red flags behind some of the biggest corporate scandals of our time. From Wells Fargo to Theranos, it’s not rogue actors but broken cultures that pave the way to crisis. The fix? Clear goals, ethical incentives, and leaders who listen.And finally, south-east Asia’s scam centres are evolving faster than our defences. Silvija Krupena argues that fragmented oversight is failing victims — and social media platforms must take responsibility. She calls for global, tech-powered coordination to stop what she calls a “criminal machine.”The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on August 22, 2025.This week, email is finally being pushed out of the back office. Diederik Geeraerts warns that City banks relying on inboxes to resolve trade failures are heading for operational chaos. With shorter settlement cycles on the horizon, automation is freeing up time — but many firms are still clinging to a system that belongs in 1985.Around the world, some regulators are getting tougher, not looser. Farah Khalique reports that India is consolidating its rulebook, Bangladesh is liquidating lenders, and China is building financial giants to weather future shocks. Switzerland, still scarred by Credit Suisse, is pushing for stricter capital rules — while the UK continues to delay its Basel rollout.And in Arizona, a sacred Apache site is testing lenders’ ESG commitments. Francesca Washtell reports on Oak Flat, where mining plans by Rio Tinto and BHP are colliding with indigenous rights. With investors from BlackRock to Norges Bank under scrutiny, the risks for banks include reputation, litigation, and community backlash.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on August 15, 2025.This week, Bangladesh’s central bank is pushing for full independence following the collapse of the Hasina regime. In an exclusive interview, governor Ahsan Mansur tells BRR that sweeping reforms — including forced mergers, liquidations, and a stolen asset recovery drive — are already underway to rescue a system burdened by up to 98% non-performing loans.In the UK, a landmark court ruling has cleared the way for a £18bn car finance redress scheme. Caroline Wayman says lenders need to act fast — the FCA’s consultation closes soon, and most customers are due less than £950 each. Firms must be ready to calculate redress the moment the regulator’s new tools go live.And the FCA’s sandbox revolution is entering its live phase. Jon Relleen says the Digital Securities Sandbox is poised for early 2026 trading, while applications for the AI sandbox — developed with Nvidia — close this month. The message from the regulator: move fast or fall behind.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on August 7, 2025.This week, Lloyds Banking Group completes a digital milestone that could reshape global finance. John Crowley reports on a real-time, on-chain interest rate swap settled with central bank digital money—an experiment backed by the Bank of England that shows programmable, real-time FX settlement is now a working reality.In the US, Ken Westbrook warns that cyber scams are now a national security threat—and the country is falling behind. Drawing lessons from the war on drugs and child protection, he calls for a White House-led crackdown on transnational fraud, including a national fusion centre to tackle the threat.And in the UK, AI-fuelled fraud is escalating fast. Francesca Washtell reports more than 217,000 fraud cases in just six months, with synthetic IDs, insider threats, and mobile account scams on the rise. Cifas calls it a national emergency—and warns the threat is outpacing traditional controls.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on July 31, 2025.This week, Europe’s top banking regulator is calling out banks for sloppy use of regulatory technology. David Whitehouse reports on how weak oversight, unchecked automation, and lack of internal expertise are fuelling a new wave of money laundering vulnerabilities — and why the EBA wants better controls in place.UK company directors are under pressure as Companies House reforms approach. Francesca Washtell reveals that most firms are still unprepared for mandatory ID checks — and from September 1st, new rules mean banks could face criminal liability if third parties commit fraud on their behalf.And with enforcement on the rise, Nick Ephgrave at the Serious Fraud Office has a warning: “We’re coming after them.” Victor Smart reports on why the SFO believes the financial sector needs tighter fraud controls — across suppliers, platforms, and anyone acting in a firm’s name.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.

This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on July 24, 2025.This week, UK banks have been told exactly where to focus their AML resources. Francesca Washtell reports on the National Crime Agency’s first-ever list of priority threats — from crypto scams to corrupt PEPs designed to help firms cut through the noise.Europe’s cloud conundrum is deepening, as legal tensions between the EU and US leave banks stranded between compliance risk and innovation pressure. Kari McMahon unpacks how rigid contracts and diverging data laws are fuelling what insiders call “FOMU”, fear of messing up.And finally, fintech darlings Monzo and Starling are learning hard lessons in risk management. Caleb Hogg explains how rapid growth, weak governance, and culture gaps triggered multi-million-pound fines.The Banking Risk and Regulation Brief was developed using artificial intelligence and reviewed by our editorial team. Please share your feedback on The Brief using our short survey.