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Latest Results from /regulation

/regulation

AI should be trained to respect a regulatory 'constitution' says BofE policy maker

Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.

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PSR steps back from capping Visa and Mastercard fees despite lack of competition

The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.

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Plenitude acquires Contineo Financial Risk Solutions

Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations.

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EBAday 2024: The keys to successful digitalisation

Financial institutions need to transform their entire business and operating model to achieve bespoke and modular digital solutions while improving their profitability.

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US Supreme Court sides with CFPB funding

The US Supreme Court has rejected an attempt to undercut the funding of the Consumer Financial Protection Bureau (CFPB).

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Australia passes Digital ID Bill

The Australian Government has passed the Digital ID Bill 2024 and Digital ID (Transitional and Consequential Provisions) Bill 2024.

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FCA charges reality TV stars over 'finfluencer' campaign

The Financial Conduct Authority has charged a host of so-called 'finfluencers' - including former Only Way is Essex star Lauren Goodger - for promoting an unauthorised trading scheme to their social media followers.

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Cube acquires global regulatory intelligence businesses from Thomson Reuters

London RegTech Cube is continuing its acquisition spree, buying Thomson Reuters Regulatory Intelligence and Oden products and businesses.

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Nasdaq boosts market surveillance with GenAI

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.

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UK payment firms push back on APP fraud refund plan

Payments firms are calling for a rethink of UK plans to protect victims of APP fraud, arguing that a refund cap of £415,000 will hurt smaller providers.

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MPs warn against mass government surveillance of bank accounts

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.

/regulation

Pensions dashboards programme delayed due to digital skills shortage

According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a lack of digitally skills and incapacity.