Keywords: Financial regulation


China closes more than 670 banks as regulators accelerate financial-sector consolidation

China closed more than 670 banking entities in 2025, the highest number recorded in a single year, as regulators accelerated efforts to consolidate smaller lenders and strengthen oversight of the financial sector. The closures, almost all involving rural institutions, contributed to a broader reduction......

Türkiye revokes Bank Mellat’s operating licence in Istanbul

Türkiye has revoked the operating licence of Bank Mellat’s Istanbul branch, in a decision announced by the country’s Banking Regulation and Supervision Agency (BDDK) and published in the Official Gazette on September 19. The decision, adopted by the BDDK board on September 18, concerns......

FATF urges Morocco to strengthen oversight of crypto-related activities

Morocco’s ban on cryptocurrencies may no longer be sufficient on its own to shield the financial system from the risks associated with virtual assets. International standards increasingly require countries not only to restrict unauthorized activity but also to demonstrate that they can identify,......

BIS warns about stablecoins as tokenized deposits gain support

The Bank for International Settlements (BIS) has raised concerns about the growing role of stablecoins in the global financial system, arguing that widespread adoption could create challenges for commercial banks, monetary policy and the functioning of national currencies. Pablo Hernández de......

Russia opens regulated markets to major cryptocurrencies

Russia is moving toward a more structured framework for cryptocurrency trading after the Central Bank announced that major digital assets, including Bitcoin, Ethereum and Tether, could be made available for public trading on Russian exchanges. The move follows the adoption of new legislation governing......

India reports 18% decline in retail derivatives losses after trading curbs

Retail investors in India suffered significantly lower losses in the equity derivatives market during the financial year ended March 2026, as tighter regulatory measures appear to have reduced participation in highly speculative trading. Government data presented to Parliament on Tuesday showed that......

South Korean officials apologize over leveraged single-stock ETFs amid market turmoil

South Korea's top economic policymakers have publicly apologized for the introduction of single-stock leveraged exchange-traded funds (ETFs) after the products came under scrutiny for their potential role in amplifying volatility during the country's recent stock market downturn. Speaking during......

UK regulator fines EY and audit partner $1.6 million over Made.com audit failures

Ernst & Young (EY) and one of its audit engagement partners have been fined a combined £1.24 million (approximately $1.65 million) by the United Kingdom's accounting regulator following deficiencies identified in the audit of online furniture retailer Made.com. The sanctions underscore......

US Senate moves closer to a key vote on the CLARITY Act for cryptocurrency regulation

The US Senate is preparing for a potentially decisive vote on the CLARITY Act, a major legislative proposal aimed at establishing clearer rules for the cryptocurrency and digital asset industry. The legislation is expected to face a vote next week, placing the future of US crypto regulation at the center......