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Latest Results from /regulation

/regulation

EU tenders for project to assess the environmental impact of crypto-assets

The European Commission's financial services directorate has put out to tender for a model-based approach to mitigating the environmental impact of crypto-assets.

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FCA bemoans lax response to new crypto promotion rules

The UK's Financial Conduct Authority has fired off a warning to unregistered overseas cryptoasset firms, threatening fines and imprisonment for those who fail to comply with new rules for financial promotions.

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Bank consortium to develop Position Reporting Utility

A consortium of five global banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC have formed a joint venture company to create a Position Reporting Utility for reporting securities holdings to regulatory bodies.

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CFPB proposes sweeping changes for the handling of consumer data

The CFPB announced plans to introduce considerable changes to the Fair Credit Reporting Act (FCRA) that would have far-reaching consequences for data brokers, furnishers and end users.

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Fujitsu trials gen-AI for Japanese banks

Japanese technology giant Fujitsu is to conduct trials into the use of generative AI (gen-AI) for banking operations.

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NAB fined $1.4 million for unlawful fees

National Australia Bank (NAB) has been fined $1.4 million ($2.1 million AUD) by the Australian Federal Court for charging customers periodic payments fees without a right to do so.

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NatWest suffers ATM glitch

UK high street bank NatWest has resolved an IT problem with its ATMs that left thousands of customers believing they were missing funds.

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Sibos head Jaime Lee confirms 2024 Beijing event will go full steam ahead

Jaime Lee took to the stage at Sibos 2023 in Toronto, Canada for a private session with exhibitors to explore the potential for a successful event in Beijing, China next year.

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Bit Trade sued by ASIC over design and distribution failures

Australia's corporate regulator has initiated civil proceedings against Bit Trade Pty Ltd for failing to comply with design and distribution obligations for its margin trading product.

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eToro to offer crypto services across EU with Cyprus registration

eToro has announced its application to the Cyprus Securities and Exchange Commission (CySEC) Crypto Asset Service Provider (CASP) register has been successful.

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Sibos 2023: What will a digital euro look like?

As the digital euro project comes to the end of its investigation phase, Ulrich Bindseil and Evelien Witlox from the European Central Bank provided the Sibos audience with an update on the progress made so far and what comes next.

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SEC predicts further crypto charges as enforcement battle continues

The US Securities and Exchange Commission (SEC) has warned that more charges are coming to exchanges and DeFi.