Latest Results from /regulation
/regulation
The European Central Bank has waned of the grave transition risks for banks that fail to prepare for a low carbon economy.
23 January 2024
Apple has moved to head off European Commission antitrust charges by offering third-party providers access to the NFC chip technology that enables iPhone users to make contactless payments.
19 January 2024
For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.
Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.
The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.
EquiLend, the securities lending trading platform owned by 10 major Wall Street firms, is being acquired by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).
The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.
18 January 2024
German RegTech Hawk AI has brought in HSBC compliance veteran Michael Shearer as chief solution officer.
Encompass Corporation has acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.
17 January 2024
The Securities and Exchange Commission (SEC) has charged Future Fintech CEO Shanchun Huang with fraud for failing to share his ownership and transactions of Future Fintech stock shortly before he was appointed as CEO.
12 January 2024
Swiss payment technology house Rivero has raised $7 million in Series A funding to step into new markets and boost its product development and workforce.
11 January 2024
In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.
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