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35 Results from /regulation, "Citi"

/regulation

Citi and Ant International pilot AI-enabled forecasting solution to enhance FX risk management

Citi and Ant International announced today that they are piloting the use of Ant International's Falcon Time-Series Transformer (TST) Model to deliver an enhanced FX risk management solution for their customers.

/regulation

CMA charges five banks with bond price rigging

The Competition and Markets Authority (CMA) has provisionally found that 5 major banks – Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada – each unlawfully shared competitively sensitive information by participating in one or more series of one-to-one conversations in chatrooms.

/regulation

Citi to utilise climate stress test kit from S&P and Olver Wyman

Citi, S&P Global Market Intelligence and Oliver Wyman today announced that Citi has selected the S&P Global/Oliver Wyman’s Climate Credit Analytics (‘CCA’) Transition Risk model to support a variety of requirements for the bank in 2022.

/regulation

Citi fined $1 million for swap data reporting violations

The Commodity Futures Trading Commission today filed and settled charges against Citibank, N.A. and Citigroup Global Markets Limited (collectively, Citi), two provisionally registered swap dealers, for failing to comply with certain swap dealer requirements for reporting Legal Entity Identifier (LEI) information to a swap data repository (SDR) and related supervision failures.

/regulation

Citi launches real-time data validation service for institutions

Citi’s Treasury and Trade Solutions (TTS) has launched Citi Verify, a new identity and account verification solution that helps clients streamline customer onboarding, reduce the risk of improper payments, and drive operational efficiencies.

/regulation

Citi sets up service to support new SEC regs for mutual funds

Citi has established a service for clients facing the SEC’s Rule changes affecting the U.S. mutual fund industry later this year.

/regulation

Citi names Tech for Integrity challenge winners

Citi today announced the three award recipients from Citi’s Tech for Integrity Challenge (T4I) Demo Day in Dublin, held on May 18.

/regulation

Citi faces $700m bill over illegal credit card practices

The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services.

/regulation

Santander agrees to relax screening process for new account openers

Santander Bank, N.A. has agreed to change the way it screens applicants for checking and savings accounts, becoming the third bank to reach such a pact with New York Attorney General Eric Schneiderman.

/regulation

CFTC slaps banks with $1.4 billion penalty over FX benchmark rates manipulation

The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks' attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.

/regulation

Citi launches capital analytics service

With Citi Working Capital Analytics, organizations can benefit from real-time, in-depth analysis of their payables, creating differentiated value through payment efficiencies, cost savings and working capital optimization.

/regulation

Major banks sign up for Isda too-big-to-fail protocol

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol, which has been developed in coordination with the Financial Stability Board to support cross-border resolution and reduce systemic risk.

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