09/11/2017
European Central Bank is Working on Licensing Rules for FinTech Companies
The European Central Bank plans to create licensing guidelines for financial technology firms.
Legal,Regulation,Tax & Compliance
09/11/2017
From next month, showing off your wealth on social media may land you in trouble
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money, an official said.
09/11/2017
The algorithm ate my homework is no excuse
It can't be like, the algorithm ate my homework.
09/11/2017
SEC slaps $35 million fine on State Street for order handling deceptions
The subscriber used Last Look to reject 57 matches that each had a $1 million face value.
09/07/2017
Fintech pushes EU to explore changes to bank software rules
We will envisage appropriate action if needed.
09/06/2017
Singapore Becomes Favored ICO Destination for Blockchain Companies
The token is available on an Ethereum-based Blockchain.
09/06/2017
Banks in bid to win software investment boost from EU
EU banking rules treat software as a cost rather than an investment, forcing lenders to cover expenditure on digital applications with an equal amount of capital.
09/06/2017
Swarm Fund Launches Compliance-Oriented Token Offering Tailored to Evolving Regulatory Environment
Introduces Liquid Democracy Self-Governance Structure, Provides Ownership to Crypto Token Holders
09/06/2017
Over a quarter of businesses unsure if they'll be ready for MiFID II
MiFID II has faced many delays in its implementation.
09/06/2017
FCA told to rewrite rules to recognise WhatsApp
He said email is “dead” and UK regulators need to recognise this.
09/06/2017
Fintech: Swiss Agree Cooperation Pact With Singapore
The Singapore FinTech Association and Swiss Finance + Technology Association sign Memorandum of Understanding
09/05/2017
Is this the next financial scandal waiting to happen?
It has allowed me to jump in and invest in a start-up.
09/05/2017
EY reports strong global revenue growth in 2017
We have once again achieved strong revenue growth in what continues to be a complex business environment.
09/05/2017
What is an ICO, and why is China’s central bank banning it?
Cryptocurrencies can be designed to be widely used, as with bitcoin, or to operate within an online network like the Ethereum network that uses ethers to make payments.
09/04/2017
UAE: Companies incur big losses as IT frauds rise
Companies should select “right people with integrity and competency” to detect and prevent fraud, Abdulqader Obaid Ali told CIOMajlis in Dubai, UAE.
09/01/2017
Peel Hunt picks Torstone for MiFID II reporting
The news follows Torstone Technology’s announcement in March this year that it began live testing the new InfernoRC module with its clients.
08/31/2017
Consultative document on the implications of fintech for banks and supervisors issued by the Basel Committee
Banking standards and supervisory expectations should be adaptive to new innovations
08/30/2017
SAS, KPMG launch cloud-based IFRS9 and stress testing regtech solutions
Many banks in Asean seeking a pragmatic solution for IFRS9 have been caught between tactical solutions that do not meet the full requirements, or high-end solutions that are too expensive.
08/30/2017
Alibaba and Tencent are showing how companies can get around Beijing's crackdown on foreign deals
Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan
08/30/2017
Alibaba and Tencent are showing how companies can get around Beijing's crackdown on foreign deals
Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan