Brief: Fitch Says Anti-Money Laundering Is An Area Of Bank Regulation That Is Not Materially Loosening
16/10/2026 16:58
BRIEF-Fitch Says Anti-Money Laundering Is An Area Of Bank Regulation That Is Not Materially Loosening Oct 16 (Reuters) - Fitch:
FITCH: ANTI-MONEY LAUNDERING IS AN AREA OF BANK REGULATION THAT IS NOT MATERIALLY LOOSENING DESPITE A BROADER SHIFT TOWARD REGULATORY RELIEF
FITCH: REMEDIATION, OPERATING CONSTRAINTS, IF IMPOSED ON LARGE BANKS DUE TO ANTI-MONEY LAUNDERING ACTIONS, COULD PRESSURE MEDIUM-TERM PROFITABILITY
FITCH: AML DEFICIENCIES, ENFORCEMENTS AND PROLONGED REMEDIATION COULD AFFECT CREDIT QUALITY IF THEY CONSTRAIN A BANK'S FRANCHISE, GROWTH OR EARNINGS
FITCH: DOES NOT VIEW AML REMEDIATION COSTS AS A NEW RECURRING COST BURDEN FOR BANK OF AMERICA
Source text: ID:nFIT7GrV4l
Further company coverage: BAC.NAXP.NTD.TO
((Reuters.Briefs@thomsonreuters.com;))
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