What are the key regulations shaping global banking in 2024?.

The banking sector in 2024 is significantly influenced by regulations aimed at enhancing stability, transparency, and consumer protection. Major regulations include the Basel III framework, which focuses on capital adequacy, and the Dodd-Frank Act in the U.S., which emphasizes risk management practices. Additionally, the implementation of Anti-Money Laundering (AML) regulations and the General Data Protection Regulation (GDPR) in Europe are pivotal in shaping operational protocols in banks globally. These regulations are essential for maintaining trust in the financial system while promoting innovation in banking technologies.