Huge fines, criminal investigations and public opprobrium are the consequences of big anti-money laundering failures at banks, but what about the regulators? The reluctance of fellow EU supervisors to criticize one of their own in Denmark has heightened doubts about Europe’s AML framework.

Regulators, politicians, competition authorities and central bankers have all been outlining objections to the Libra project from the first day Facebook announced plans to let its 2.4 billion users exchange payments in a new virtual currency. Don’t be taken in. Facebook wants the burden of compliance with all those KYC, AML and CFT rules. Being able to identify what its users are paying for is a treasure trove. The banking system and the world’s central banks, as the more enlightened already see, had better gear up for new competition.

Legal hurdles await race for European equivalents to UK AML partnership between banks and police.

Private banks across the world are changing fast, placing greater emphasis than ever on a host of key factors. The best wealth managers are busy boosting inclusivity, emphasising technology and security, and ensuring they are on-point when it comes to meeting compliance needs.

Introduction of the GST and demonetization mean Jaitley had a far bigger impact on Indian finance than his single term as minister would suggest.

Other players are expected to follow Goldman Sachs and BNP Paribas in introducing algos designed to source both internal and external liquidity for FX NDFs, despite limited liquidity in many non-deliverable currencies.

European firms are looking in-house and building up more engaged buy-side analyst teams themselves, according to new research.

Danske Bank’s compliance head Philippe Vollot is on a hiring spree, but parts of its international network might still be too risky.

The regulators want overnight rates to become the norm in all markets after Libor – that could be wishful thinking.

As it presses ahead with restructuring, Deutsche will exit cash equities, cut back in rates and centre itself on a traditional corporate banking business. CEO Christian Sewing calls it the most radical transformation the bank has undertaken in decades.

For 22 years, he has led banking in Austria and across CEE at the helm of Erste Bank. Even as he nears retirement, he is pushing to transform Erste into a ‘financial health company’. Euromoney’s Banker of the Year for 2019 talks about this vision and how digital transformation is at its heart.

Europe’s economy depends in large part on 25 million SMEs, most of them unrated, that will suffer reduced availability and higher cost of credit thanks to Basel III output floors.

A new bookbuilding platform is at the heart of an attempt to unbundle a process that some feel is no longer able to serve growth companies in need of capital.

The insolvency and bankruptcy code is supposed to do wonderful things for India, but a leftfield decision on creditors this week will have a number of unhelpful side-effects.

Libra is designed to improve on the slow, costly and painful process of transferring money across borders through the banking system, but Facebook faces a long fight to launch it.

Additional tier-1 (AT1) securities and contingent convertible capital instruments, known as CoCo bonds, absorb losses when the capital of the issuing financial institution falls below a supervisor-determined level. Here we explain everything you need to know about these hybrid securities, a key plank in bank-resolution plans, and implications for issuers and investors.

JPMorgan today dominates the global corporate and investment banking landscape. The key to success? A long-term strategy led by group co-president and CIB chief Daniel Pinto, and a management team that keeps the business in a constant state of reinvention.

The Bank of England and Federal Reserve begin to build the bulwarks against Facebook's cryptocurrency Libra.

Benchmark reform may have received a lukewarm welcome from corporates, but treasurers would be well advised to quantify their Libor exposures to avoid nasty surprises during the transition to alternative overnight risk-free rates.

The central bank’s new ideas for how to modernize Britain’s financial system could eat into banks’ revenues, while helping them cut costs. For the wider economy, Brexit will still smother the intended fillip to small-business exporters.

A case by Hong Kong’s ICAC against an individual on bribery charges is another example of Asia-Pacific regulators targeting the person as well as the institution.

Well-capitalized, liquid and digitally sophisticated, banks in emerging Europe today are far from the clunking incumbents and fly-by-nights of the post-socialist era. A fragmented, diverse and politically volatile region is a challenge for smaller banks – is a new wave of consolidation on the way?

The absence of a regulatory imperative has not deterred FX traders from increasing their use of transaction cost analysis tools, in turn increasing the pressure on brokers at a time when margins are already thin.

FX prime brokers are expected to adapt to the pricing challenges of uncleared margin rules, but it remains far from clear whether these rules will push the market definitively in the direction of central clearing.

Closure of second investigation brings embarrassing episode to an end.

Casper von Koskull calls for a supranational anti-money laundering (AML) authority in Europe, while pushing the ECB to relax its dividend leash to boost strong banks.

Euromoney explores bond liquidity and investigates the winners and losers.

Thursday’s announcement by Commonwealth Bank of Australia (CBA) that it is suspending the sale of its wealth business may trigger similar turnarounds by other big four banks. They have unexpected latitude after the Royal Commission.

Andrea Enria must open up the European Central Bank’s (ECB) bank data and supervision to scrutiny, but he faces resistance, and not just from banks.

The final report of Australia’s Royal Commission into misbehaviour in financial services had plenty of blood and thunder, and has already brought down the top executives of National Australia Bank, but it doesn’t bring the promise of lasting reform.