683 articles tagged with this keyword
News/regulation
Indonesian watchdog KPPU is investigating Google for breaching anti-monopoly laws and carrying out unlawful business practices on the Google Play Store.
16 September 2022
News/sustainable
90% of UK banks and 56% of Swiss banks have lost business in the trade finance industry due to lack of decarbonisation financing terms, according to research from Pole Star. The maritime, governmental, and financial technology solutions company is calling for environmentally-driven regulation for banks falling behind on sustainability and carbon emission reductions.
In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital.
08 September 2022
News/security
UK Government has confirmed that of the £47 billion provided in loans through the Bounce Back Loan (BBL) scheme, £1.1 billion of these loans are suspected to be fraudulent.
07 September 2022
Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.
06 September 2022
The Community Reinvestment Act (CRA) was created in order to ensure that the credit needs of lower income communities in the US were accommodated by local financial institutions. However, many financial firms are proposing a reform of this act to be more inclusive of low and moderate income communities.
05 September 2022
News/crypto
Abu Dhabi has announced the formation of a government body to develop its strategy for regulating and promoting the world of virtual assets.
26 August 2022
Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.
22 August 2022
The UK's Financial Conduct Authority (FCA) has levied a £12.5m fine against Citigroup Global Markets over past failures to police its trading activity
A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.
The Financial Conduct Authority (FCA) has warned firms against promoting unapproved BNPL products.
19 August 2022
The European Central Bank (ECB) has announced its intent to harmonise how banks offer crypto assets through a crypto regulatory framework to be implemented across the Union.
18 August 2022
News/crime
Germany’s financial regulator BaFin has call on Allianz to improve its internal controls following a fraud scandal in their US fund unit.
12 August 2022
The United Nation’s Conference on Trade and Development, UNCTAD, has released three policy briefs on the dangers of cryptocurrency in light of the rising use of digital assets in developing countries.
The Kenyan Office of the Data Protection Commissioner (ODPC) has imposed harsher regulation on protecting consumer data, targeting fintechs and startups in the region.
05 August 2022
Goldman Sachs’ credit cards unit undergoing investigation by the Consumer Financial Protection Bureau (CFPB).
European regulators are facing challenges in finding talent to help regulate crypto, a chair of the European Banking Authority has warned, underscoring concerns around the capacity of authorities to supervise the industry.
01 August 2022
The Financial Conduct Authority (FCA) has strengthened regulation around high-risk investment adverts targeting consumers.
Cryptocurrency exchange Zipmex has filed for bankruptcy protection in Singapore despite resuming withdrawals after a brief suspension earlier this month.
29 July 2022
The Financial Conduct Authority (FCA) has confirmed it will roll-out the Consumer Duty, requiring banks and other financial institutions to drastically improve their consumer protection efforts over the next 12 months.
27 July 2022
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