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Latest Results from /regulation

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SEC head warns AI could cause financial crisis

It is "nearly unavoidable" that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

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Paytm Payments Bank fined over KYC lapses

The Reserve Bank of India has fined Paytm Payments Bank about $650,000 for know your customer failings.

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Voyager Digital CEO faces fraud lawsuit

The Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Southern District of New York against Stephen Ehrlich, the former CEO of now-bankrupt entities Voyager Digital, Voyager Digital Holdings, and Voyager Digital (collectively, Voyager).

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Australia moves to give RBA oversight of Apple Pay

Australia's government has set out plans to regulate digital wallet providers such as Apple and Google in the same way as other payment services.

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CFPB takes aim at bank 'junk fees'

The Consumer Financial Protection Bureau (CFPB) is warning America's large banks about the practice of charging so-called junk fees for basic customer services like the provision of account information.

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Sustainable Finance Live 2023: UK Infrastructure Bank to play a key role in HS2 replacement

“We expect to play a very meaningful role in making sure projects get delivered,” said John Flint, chief executive, UK Infrastructure Bank, regarding the role the bank will have in the HS2 replacement plans in the North of England.

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Deutsche Bank invests in LLM developer Kodex AI

Deutsche Bank's Corporate Venture Capital (CVC) group has invested in Kodex AI, a Berlin-based startup developing a Large Language Model (LLM) application catered to the needs of the financial services industry.

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Sustainable Finance Live 2023: Green energy transition can be driven by demand

“We are told consistently by financial leaders that trillions of dollars of capital are committed to transforming economies cities, etc. to achieve net zero, yet many of you have noticed that the despite the large amounts quoted the flow appears to be a trickle,” said Simon Perham, head investor outreach Europe, at Carbon Tracker, who moderated the first panel of the day at Sustainable Finance Live 2023.

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Sustainable Finance Live 2023: Democratising geospatial data and informing AI usage

In the keynote and Q&A session, ‘What is the role of AI in sustainable finance as we consider the role of satellite based geospatial data in city design?’, speaker Donna Lyndsay, strategic market lead environment and sustainability at Ordnance Survey, explored the use of data analytics and geospatial technology in green urban planning.

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Sustainable Finance Live 2023: The bank’s role in financing sustainable cities

Moving swiftly to the interactive workshop, the session Sustainable Finance Live is known for was hailed as being a rapid cocreation opportunity for attendees and where ideas became reality in just an hour.

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Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.

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FCA issues 146 alerts to non-compliant firms on first day of crypto asset promotion regime

The UK's Financial Conduct Authority has issued 146 alerts about crypto assets promotions on the first day that new rules came into force governing the marketing of crypto investments.