Reporting/compliance

683 articles tagged with this keyword

/regulation

SEC fines Nexo $45 million in penalties

American regulatory authority, the Securities and Exchange Commission (SEC) charged crypto asset platform Nexo $45 million in penalties for the unauthorised sale of a crypto lending product.

/regulation

Edinburgh Reforms: UK government announces widespread transformation for financial sector

The Chancellor of Exchequer Jeremy Hunt has announced The Edinburgh Reforms, a set of developments to catalyse competition and growth in the UK FS sector, that includes moves on a CBDC and the move to Net Zero.

/sustainable

Sustainable Finance Live: Is sustainable finance sustainable?

Sustainable Finance Live kicked off Tuesday morning in a hybrid format, in-person and online, where leaders discussed the problem statements and solutions that are defining the sustainable finance industry today.

/sustainable

Sustainable Finance Live sneak peek: ESG risks - how can we build in sustainability?

Finextra spoke to Adam Webb, COO, Risk at ICBC Standard Bank, ahead of Sustainable Finance Live about his experience in risk management and mitigating climate risk.

/security

Plaid releases ML risk engine, 'Signal'

Plaid today announced that after two years in beta, its machine learning (ML) risk engine, Signal, will be available to customers seeking to upgrade their automated clearing house (ACH) transaction services with fraud detection.

/security

Macron advocates for online child safety initiative

French President Emmanuel Macron has launched the Children Online Protection Laboratory to protect children from potential online threats and cyberbullying by monitoring harmful content.

/crypto

FTX Europe to have licence suspended - Bloomberg

Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.

/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

/sustainable

Survey reveals tech sector's greenwashing fears

The vast majority of top level executives in the tech industry believe that it is guilty of greenwashing, according to recently published research.

/crypto

Binance chief downplays CBDC threat to crypto

Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.

/regulation

Money20/20 US: CFPB to finalise US open banking rule by 2024

Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20 stage to outline the Bureau’s strategy toward determining regulation of open banking in the US.

/crypto

Money20/20 US: Regulators missing crypto’s ‘sleeping issue’ – Andreessen Horowitz

Taking the stage for day one session, ‘Rationally Regulating Web3: The opportunity of a lifetime,’ Jai Ramaswamy, chief legal officer, Andreessen Horowitz said regulators are missing a core issue with supervision of Web3.

/regulation

Bunq wins AML case against Dutch Central Bank

Dutch challenger bank Bunq has hailed a "landmark" verdict in the Dutch courts over the use of artificial intelligence (AI) for anti-money laundering processes.

/security

FSB bids for greater convergence in cyber incident reporting

The Financial Stability Board (FSB) has set out proposals to ensure greater convergence in cyber incident reporting.

/payments

PayPal to ride out social media backlash over misinformation policy change

Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording to financial analysts.

/sustainable

Sibos 2022: Spotlight on Greenomy, Swift Innotribe's sustainability winner

Escaping from the main stage for a hot minute, Finextra listened in to a pitch on the Sibos Discover stage, where Fabian Vandenreydt, chief strategy officer at Greenomy, outlined the ESG-focused fintech’s plan to streamline banks’ and corporates’ sustainable finance reporting in line with the EU Taxonomy, SFDR and CSRD/NFRD.

/regulation

SEC hits Barclays with $361m fine for securities over-issuances

The US Securities and Exchange Commission (SEC) has charged Barclays Bank PLC and Barclays PLC for the unauthorised sale of securities.

/regulation

FCA’s amendment to the 90 day PSD2 rule comes into effect

The update will further streamline users’ ability to confirm data access for open banking services.

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

/regulation

UK government launches fraud and money laundering crackdown

The UK government has announced plans to rolled out reforms to protect the economy from fraud and money laundering.