05/17/2019
FCA consultation on Cryptoassets brings welcome clarity on extent of regulatory perimeter
The proposed FCA Guidance clarifies where different categories of cryptoasset tokens fall to be in relation to the FCA’s regulatory perimeter.
Legal,Regulation,Tax & Compliance
05/15/2019
Fintech Collaboration between the Hong Kong Monetary Authority and the Bank of Thailand
The HKMA looks forward to working together with BOT and seeing the positive outcome from our joint effort.”
05/15/2019
Cryptocurrency exchange Cryptopia halts trading and announces it is in the process of liquidation
Appointed liquidators, David Ruscoe, and Russell Moore from Grant Thornton New Zealand, are now in the process of securing the assets for stakeholders.
05/15/2019
Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic
SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.
05/15/2019
FrankieFinancial signs Australian neo banks to RegTech platform
The firm is pitching the product to greenfield banks as a means of simplifying their IT estate, and to established brands struggling with multiple back office legacy systems.
05/14/2019
NAB raises the white flag on IT outsourcing
The bank disclosed as part of its first half results this month that it had suffered the worst rate of critical incidents to its service or payment channels in three years, with eight in the quarter.
05/14/2019
Singapore and China ink major fintech collaboration agreement
AFF executive president Du Yan added that the emerging fintech era requires more international communication and cooperation, and regulators from different jurisdictions need to promote innovation in financial services to enhance inclusion both regionally
05/14/2019
Technology and Innovation update
Prior to the changes to FSMA, a person could only have held a financing business licence or money services business licence depending on the nature of their business.
05/13/2019
Visa partners with Bahrain FinTech Bay to further develop Bahrain's Fintech ecosystem
The partnership will focus on the development of joint innovation and educational initiatives alongside a payments focused event to discuss the latest trends in payments, e-commerce, security and risk.
05/13/2019
FA Match Debuts Alliance of Firms Supporting Advisors
LifeYield, Oranj, Redtail and others have partnered with the digital recruitment platform to amplify its advisor-centric approach.
05/10/2019
Path Solutions and Infrascale announce partnership agreement
Path Solutions will offer Infrascale’s Disaster Recovery solutions to its existing and potential clients.
05/09/2019
Financial conduct regulation in a restless world
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Deloitte conduct risk roadshow 2019, London.
05/09/2019
U.S. indicts operators of 'dark web' drug referral service
Robert Johnson, an assistant director of the FBI, said DDW operated for years as a “key gateway to the criminal underbelly” of the so-called dark web, or Darknet, economy.
05/09/2019
FCA Turning to ‘Machine Learning’ Techniques to Identify Misconduct
The supervisory agency will host an event with global regulatory and law enforcement officials later this year
05/09/2019
The Bahamas – A Future Hub for Fintech Banking aided by Deltec International
Bahamian entrepreneurs can use this fintech platform to create a financial service business based on a new operating model.
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/08/2019
Hackers steal almost £31m in Bitcoin
All withdrawals and deposits are suspended whilst the review is being carried out, it is expected to take a week.
05/07/2019
Citi closes CitiCross 'dark pool' amid equities unit review
Last month Citi reported a 24 percent drop in equities trading revenue in the first quarter due in part to lower market volumes, pressuring the bank’s overall revenue.
05/07/2019
ABTA warns: Millions lost to holiday booking fraud
The average amount lost was GBP 1,380 per person but, as in previous years, in addition to the financial cost, victims have also reported the significant emotional impact caused by this crime.
05/06/2019
FIs Need to Automate to Meet Tax Reporting Obligations – Report
“The concept of a global economy is now well embedded in how business groups and individuals look at the world and, as a consequence, their reporting obligations to an increasing number of tax authorities and regulators have become more complex.&