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The European Central Bank has imposed administrative penalties totaling €12.18 million on J.P. Morgan SE after identifying long-running inaccuracies in the bank’s regulatory reporting. The sanctions stem from systemic errors in the calculation of risk-weighted assets, a core metric underpinning the resilience of the international banking system. Supervisors concluded that, for several years, the institution failed to present an accurate picture of its risk exposure due to def

The governor of the Philippines’ central bank has warned that the country faces a real possibility of being placed back on the Financial Action Task Force’s grey list as it approaches its next international evaluation. Speaking on Monday in comments reported by the Philippine News Agency, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. stressed the importance of sustained compliance, telling reporters, “we have to do what we need to do to show FATF that we’re doing ever