Reporting/compliance

683 articles tagged with this keyword

/retail

Will Metro Bank be 2023’s next banking collapse?

Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank’s bosses for a sit-down.

/sustainable

SEB draws attention to carbon removal market and nature-related risk

Sustainable finance is a swiftly growing industry, with new innovations arising rapidly from all over the world. In conversation with an author of SEB’s Green Bond Report, Finextra considered the latest advancements in the sustainability sector leading up to our annual Sustainable Finance Live conference.

/inclusion

FCA calls for era of “new enlightenment” for financial inclusion

At the Scottish Financial Enterprise: Extending Financial Inclusion event in Glasgow this afternoon, CEO of the Financial Conduct Authority (FCA) Nikhil Rathi delivered a speech on how the regulator plans to implement policies to include the financially excluded in the current cost of living crisis, calling it “a new enlightenment” for financial inclusion.

/devops

Fujitsu trials gen-AI for Japanese banks

Japanese technology giant Fujitsu is to conduct trials into the use of generative AI (gen-AI) for banking operations.

/regulation

NAB fined $1.4 million for unlawful fees

National Australia Bank (NAB) has been fined $1.4 million ($2.1 million AUD) by the Australian Federal Court for charging customers periodic payments fees without a right to do so.

/retail

Watchdog reprimands Deutsche Bank for “unacceptable” Postbank problems

Deutsche Bank has been reprimanded by German watchdog Bafin for faulty operations and disruption of services in its Postbank unit.

/regulation

Revolut misses annual accounts deadline for second year running

Revolut will delay filing its 2022 accounts for a second consecutive year, according to Reuters.

/crime

FTX sues Bankman-Fried’s parents over misappropriated funds

The FTX legal saga continues to play out as parents of the company’s founder, Sam Bankman-Fried, have been sued by the FTX parent company Alameda Research, for improperly receiving millions of dollars from the scheme.

/sustainable

Greenomy joins Swift partner programme

ESG reporting software provider, Greenomy, has announced its collaboration with Swift to provide ESG data and reporting capabilities to the Swift community.

/inclusion

FCA finds no proof of de-banking politicians in initial findings

A report published today by the UK’s Financial Conduct Authority (FCA) has found no proof that politicians bank accounts are being closed as a result of their political views.

/sustainable

CRIF launches ESG audit solution Synesgy in UK

Digital transformation solutions provider, CRIF, will offer its ESG audit solution Synesgy to UK businesses.

/startups

Irish fintechs bemoan lack of state support

Innovation within Ireland's banking sector has been hindered by a lack of government funding, claims a newly published report.

/regulation

CFTC calls for US crypto regulatory sandbox

On Thursday, Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham advocated for a limited pilot program for digital asset regulation in the US.

/crime

Germany faces €206 billion in cybercrime and digital theft costs - Bitkom

Losses resulting from stolen IT equipment and data, as well as digital and industrial espionage will cost Germany €206 billion in 2023, reveals a survey conducted by digital association Bitkom.

/crypto

Crypto industry reacts as FATF Travel Rule comes into effect

From today, the UK will enforce new anti-money laundering rules for crypto as set out by the Financial Action Task Force (FATF).

/regulation

FCA to conduct fair value assessments to ensure consumer savings deals

The Financial Conduct Authority (FCA) has assessed 9 firms on their savings products following concerns of unfair saving deals for consumers.

/crypto

Survey suggests industry divided on CBDCs

The majority of finance professionals do not support the launch of central banking digital currencies (CBDCs) according to recently published research.

/sustainable

Fintech and sustainability at the heart of UK and Singapore’s Financial Dialogue

HM Treasury and the Monetary Authority of Singapore (MAS) held the eighth UK-Singapore Financial Dialogue in London yesterday, discussing further collaboration in sustainable finance and fintech.

/crime

FTX sues Sam Bankman-Fried for $1bn

The former boss of failed crypto exchange FTX, Sam Bankman-Fried, is facing a $1bn lawsuit from the company he founded.

/markets

Barclays RepoHack 2023 seeks industry ‘buy-in’ to re-shape post-trade repos

Barclays today opened registrations for the Barclays RepoHack 2023, an industry hackathon that will set market participants the challenge of building novel solutions for repo post-trade services.