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/regulation
The US Securities and Exchange Commission (SEC) has approved rule changes in support of ethethereum ETFs, setting up the potential launch of 8 exchange traded funds.
24 May 2024
The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".
The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries - including Nyse - to quickly report a cyber intrusion to the Securities and Exchange Commission.
23 May 2024
President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.
22 May 2024
The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.
British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.
German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.
Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.
21 May 2024
The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.
Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations.
Financial institutions need to transform their entire business and operating model to achieve bespoke and modular digital solutions while improving their profitability.
20 May 2024
The US Supreme Court has rejected an attempt to undercut the funding of the Consumer Financial Protection Bureau (CFPB).
17 May 2024
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