Latest Results from /regulation
/regulation
With banks across the UK shutting down branches, the Labour Party says it will give new powers to regulators to guarantee people have access to cash and oversee the creation of hundreds of high street banking hubs if it wins the next general election.
01 December 2023
Intesa Sanpaolo has been ordered by Italy's competition authority to stop the migration of 2.4 million customers to its new app-only offshoot unless it gets express consent from the users.
Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.
29 November 2023
Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future
Regtech provider Symphony is drawing on the generative AI capabilities of Google to develop a service to ensure banks' voice calls are compliant.
UK-based PaymentSense is entering the Irish market under the Dojo trading name after securing an e-money licence from the country's central bank.
The Financial Conduct Authority has moved to clamp down on greenwashing by putting in place sustainability disclosure requirements and an investment labels regime.
28 November 2023
Electronic Money Institution Contis has been fined €840,000 by the Bank of Lithuania over a series of anti-money laundering violations.
The UK's Financial Conduct Authority is calling for industry evidence on whether the data asymmetry between Big Tech and financial services firms could lead to the likes of Amazon and Google gaining entrenched market power in the FS sector.
27 November 2023
Banks across the EU are failing to adequately meet guiding Principles on operational resilience and risk laid down by the Basel Committee in 2021.
The Office of the Comptroller of the Currency's first chief financial technology officer is no longer in place amid revelations that his CV was riddled with falsehoods, including about his former employment at major banks, according to reports.
24 November 2023
Terraform Lab’s former CEO Do Kwan is to be extradited to either South Korea or the USA following approval from a Court in Podgorica, Montenegro.
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