Latest Regulation & Compliance News: Finextra Research

'Woeful' systems and staff incentive schemes land TSB with £10.9 million penalty

The FCA has fined TSB Bank £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

10 October 2024

Crypto.com sues SEC after receiving Wells notice

Crypto.com has filed a lawsuit against the Securities and Exchange Commission after receiving a Wells notice from the regulator warning that enforcement action may be on the way.

09 October 2024

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Sustainable Finance Live 2024: The role of ESG data in the nature capital marketplace

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live called ‘What is the role of impact and ESG data in ensuring economic profit of nature capital in the marketplace?’, with speakers Cain Blythe, founder of Ecosulis and Credit Nature; Simon Crichton, head of nature, food, and resource at Triodos Bank; Giles D'Souza strategic business lead in remote sensing and GIS at Planet; James Lockhart-Smith, VP sustainable finance at Verisk Maplecroft; and Donna Lyndsay, strategic market lead environment and sustainability at Ordnance Survey.

08 October 2024

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EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

08 October 2024

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Sustainable Finance Live 2024: How can natural capital be assessed and why does it need to be?

Kicking off Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and contributing editor at Finextra opened with an introduction outlining the themes and objectives of this year’s event, to understand natural capital risk, pricing, and trade.

08 October 2024

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Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

08 October 2024

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Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

07 October 2024

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Thoughtworks collaborates with Singapore AI for GenAI research

Global technology consultancy Thoughtworks has collaborated with AI Singapore to develop generative AI (GenAI) and its adoption.

04 October 2024

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UK payments could be delayed up to three days to prevent fraud

The UK Treasury will give banks new powers to delay payments by up to 72 hours to investigate suspected fraud or scams.

04 October 2024

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Starling Bank fined £29m for 'shockingly lax' AML screening

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

02 October 2024

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MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

02 October 2024

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Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.

30 September 2024

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