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Latest Results from /regulation

/regulation

Revolut misses annual accounts deadline for second year running

Revolut will delay filing its 2022 accounts for a second consecutive year, according to Reuters.

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Sibos 2023: Forging a path to global CBDC interoperability

Interoperability was at the centre of Tuesday’s CBDC discussion at Sibos, with the panel investigating how to ensure that these incoming digital currencies will work at the cross-border level.

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Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

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FCA finds no proof of de-banking politicians in initial findings

A report published today by the UK’s Financial Conduct Authority (FCA) has found no proof that politicians bank accounts are being closed as a result of their political views.

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Sibos 2023: What’s next for low-value cross-border payments?

The challenges and opportunities associated with low-value cross-border payments was on the agenda at Sibos on Monday as a panel of industry players explored a host of models, from correspondent banking to DLT to interlinked national systems.

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TikTok fined €345 million for EU privacy breaches

The Chinese-owned short-video platform has been fined over its handling of children's data in Europe between the 31st of July, 2020, and the 31st of December, 2020.

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Irish fintechs bemoan lack of state support

Innovation within Ireland's banking sector has been hindered by a lack of government funding, claims a newly published report.

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Proxymity launches digital voting service in US

Investor communications platform Proxymity has launched its digital voting service in North America.

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Finastra offers Compliance-as-a-Service package for instant payments

Finastra has teamed up with financial crime specialists Fincom and ThetaRay to offer pre-packaged compliance screening for banks delivering instant payments.

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Ripple bags Nevada license through Fortress Trust acquisition

Ripple has acquired Fortress Trust, a financial institution that provides licensed Web3 financial, regulatory and technology infrastructure for blockchain outfits.

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CFTC calls for US crypto regulatory sandbox

On Thursday, Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham advocated for a limited pilot program for digital asset regulation in the US.

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CFPB takes aim at Apple over NFC chip access

The Consumer Financial Protection Bureau (CFPB) has fired a shot across Apple's bows over the tech giant's policy of restricting access to the NFC chip technology that enables iPhone users to make payments.