Regulatory fines fall as banks get better at complianceBy John Crowley
September 4, 2023
Regulatory fines to global financial institutions fell sharply by 88% in the first half of the year compared with a year ago, as banks have got better at compliance.
Established institutions are pursuing a more rigorous compliance posture, according to compliance specialist Fenergo.
UK banks claim they have been ‘left in the dark’ as the US aggressively pushes ahead with its T+1 rule change. Under new rules from the US Securities and Exchange...Read more