Latest Regulation & Compliance News: Finextra Research

NatWest added to Texas energy ban

Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.

2 hours

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PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

13 hours

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CFPB and American Fintech Council stake out AI positions to Treasury

Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.

14 August 2024

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Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

14 August 2024

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Russia cancels AmEx subsidiary's banking licence

Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.

13 August 2024

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Wise targets huge Indian remittance market

Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.

13 August 2024

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Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

13 August 2024

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HSBC pledges to retain branch numbers

HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.

12 August 2024

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CFTC orders FTX to pay customers $12.7 billion

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

09 August 2024

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Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.

09 August 2024