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Latest Results from /regulation

/regulation

Agile ESG reporting software key in evolving regulatory landscape

Mounting regulatory requirements and growing stakeholder pressure is driving a surge in demand for ESG reporting and data management software, creating a multi-billion dollar market that vendors need to keep up with, according to a report from research firm Verdantix.

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FCA finds banks have a mountain to climb to meet new Consumer Duty

With the new Consumer Duty set to come into effect next week, the Financial Conduct Authority has found that 7.4 million people unsuccessfully attempted to contact one or more of their financial services providers in the 12 months before May 2022.

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N26 appoints chief risk officer to fix AML and compliance issues

N26 has filled a gaping hole in its leadership team with the appointment of HypoVereinsbank's Carina Kozole as chief risk officer.

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UK regtech eflow raises £7m for global expansion

UK-based regtech eflow Global has raised £7 million in a Series A funding round led by Finch Capital.

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HSBC, TSB and Nationwide upbraided by CMA over transaction history reporting

The Competition and Markets Authority has castigated HSBC, Nationwide and TSB for "significant failures" in transaction history reporting for personal and business customers switching banks.

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Treasury set to shelve BNPL regulations

The government is poised to shelve plans to crack down on Britain’s fast-growing 'buy now pay later' (BNPL) industry, Sky News learns.

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FTX sues Sam Bankman-Fried for $1bn

The former boss of failed crypto exchange FTX, Sam Bankman-Fried, is facing a $1bn lawsuit from the company he founded.

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PayPoint faces law suit from energy charity

UK-based payment services provider PayPoint UK is facing legal action over alleged anti-competitive practices in the prepayment market

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FCA implements permanent Digital Sandbox

The UK's Financial Conduct Authority has implemented a permanent Digital Sandbox, making the testpad available full-time for firms wanting to try out innovative technologies.

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UK Treasury rebuffs calls for crypto to be regulated as gambling

The UK Treasury has firmly rejected proposals by an all-party parliamentary committee for consumer trading in unbacked crypto such as bitcoin and ether to be regulated as gambling.

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BaFin extends AML controls at N26

Germany's financial regulator BaFin has extended money laundering controls at digital bank N26 after noting there were still "deficiencies" in its systems.

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FSB strengthens regulatory framework for crypto-assets

The Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation’.