Daily Brief
15 verified stories from global sources
The Federal Reserve has asked for public comment on a proposal to amend the requirements banks must follow when maintaining anti-money-laundering programs, part of a broader effort to make compliance more risk-focused.
Investors are awaiting minutes from the Federal Reserve's June meeting for insight into how divided policymakers are, after a softer-than-expected June jobs report revived hopes that rate cuts could still be on the table.
The Federal Reserve's top bank supervisor, Michelle Bowman, outlined principles for how banks should manage the risks of using artificial intelligence while still allowing room for responsible innovation.
US stocks climbed to record highs after a softer-than-expected June employment report revived hopes of Federal Reserve rate cuts, though weakness in semiconductor shares weighed on the Nasdaq.
The Bank of England's latest Financial Stability Report warns that a rapid build-up of debt financing for artificial intelligence and stretched equity valuations could pose risks to the financial system if sentiment turns.
The European Central Bank has told the major banks it supervises to draw up action plans by the end of October to address cybersecurity risks posed by increasingly powerful artificial intelligence systems.
India has launched a centralized portal under a 'Your Money, Your Right' campaign, giving citizens a single entry point to locate and recover unclaimed bank deposits, insurance payouts, dividends and mutual fund investments.
India recorded a current account surplus of about $4.7 billion in the latest reading, reversing a deficit a year earlier, as robust services exports and record remittances offset a wider goods-trade gap.
Japanese equities are hovering near record highs even as Bank of Japan officials signal further interest-rate increases toward a neutral level, while a weakening yen keeps pressure on the currency outlook.
The Monetary Authority of Singapore has proposed a Protected Cell Company framework to support alternative risk-transfer solutions such as captive insurance, insurance-linked securities and sovereign risk pools.
The best insured five-year fixed mortgage rate in Canada has fallen back below 4%, while variable rates remain lower, as the Bank of Canada holds its policy rate at 2.25% amid an uncertain outlook.
Australia's prudential regulator has released the findings of its inaugural System Risk Stress Test, examining how stress could transmit between the banking system and the country's large superannuation sector.
South Korea's Kospi fell almost 5% as investors grew cautious about the sustainability of the semiconductor rally, shrugging off Samsung Electronics' record quarterly earnings after a brokerage flagged fading momentum.
The Central Bank of the UAE has fined a foreign bank branch AED 1.82 million for failing to issue a customer liability letter within the required seven-day period, breaching consumer-protection and market-conduct rules.
The Monetary Authority of Singapore has proposed a framework for governing autonomous AI agents in financial services, setting out how their actions are authorized, when human oversight kicks in and what must be recorded.