clear
clear

Latest Results from /regulation

/regulation

NatWest admits to failings in Farage fiasco, FCA to review case

The UK’s Financial Conduct Authority (FCA) has found potential “regulatory breaches” in NatWest’s decision to close former Brexit party leader Nigel Farage’s accounts earlier this year.

/regulation

Fed confirms plan to slash debit card fees

The Federal Reserve has proposed lowering the debit interchange fees banks can charge merchants by nearly 30% and reviewing the cap every two years.

/regulation

Research finds market data vendors are gouging users with aggressive price raises

A new study by Substantive Research finds that market data prices are rising faster than ever despite an ongoing review by the Financial Conduct Authority into competitive practices in the market.

/regulation

FCA finds firms trying to fudge rules on crypto promotions

The Financial Conduct Authority is taking aim at crypto firms trying to dodge new rules on financia promotions by posting illegible warning notices.

/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

/regulation

CFPB accelerates US open banking with new data rule

The Consumer Financial Protection Bureau (CFPB) has proposed its long-awaited open banking rule in the hopes of improving competition in the US banking and payments sector.

/regulation

US Treasury proposes crypto mixer-crackdown to end anonymous transactions

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed a new rule that will increase transparency around crypto mixer transactions.

/regulation

New York sues Gemini and DCG for defrauding investors of $1.1bn

New York Attorney General Letitia James has filed a lawsuit against crypto firm Gemini and Digital Currency Group for allegedly defrauding nearly quarter of a million investors of more than $1 billion.

/regulation

B2B BNPL player Mondu registers with FCA and goes live in UK

Berlin-based B2B buy now, pay later startup Mondu has formally registered with the Financial Conduct Authority (FCA) and will begin working with 16 British clients immediately

/regulation

EU data protection watchdog calls for more privacy for digital euro

The European data protection watchdog has recommended changes to EU draft legislation for a digital euro in order to boost privacy standards.

/regulation

Fed governor Bowman sceptical on digital dollar

Michelle Bowman has become the latest Federal Reserve Governor to pour cold water on a US CBDC, saying that the benefits of a digital dollar are unclear while the risks could be significant.

/regulation

Banks must disclose crypto asset exposures says Basel Committee

Banks will be forced to disclose their exposure to crypto assets under new regulatory rules proposed by the Basel Committee on Banking Supervision.