01/03/2023
CSRC Bans Platforms from Soliciting New Mainland Clients
CSRC’s statement was made one day after New York-listed Futu announced that it would delay its listing plans in Hong Kong
Legal,Regulation,Tax & Compliance
12/27/2022
Termination of the Merger of Block.one Crypto Exchange with a SPAC
Block. Bullish, a cryptocurrency exchange, won’t be going public after all.
12/27/2022
New bank 'esh' modernizes banking with advanced tech platform
The Bank of Israel granted the license to establish, manage and control a new Israeli bank to the founders of esh.
12/23/2022
Goldman Sachs deepens banking partnership with Apple
It is also handling some of the back-end services for Apple’s buy now, pay later offering, although as PYMNTS reported in June, Apple will handle the lending for the service on its own rather than using a banking partner.
12/22/2022
Leading UK fintechs call for “urgent” clarity on open banking’s future
Monzo, Wise, Moneyhub and more than a dozen other fintechs have written to the FCA and PSR to complain about the progress so far.
12/22/2022
Bankman-Fried left in the lurch as former executives plead guilty
In doing so, Bankman-Fried and Ellison caused the valuation of Alameda’s FTT holdings to be inflated
12/22/2022
Hidden Road secures digital asset firm registration from the UK's FCA
Currently, only 41 firms have been registered as digital asset firms by the FCA.
12/21/2022
TSB fined £49m over IT system meltdown
It led to the departure of the bank's then chief executive Paul Pester.
12/21/2022
Digital euro to get thumbs up or thumbs down in 2023
The central bank says it will assess a further number of design and distributions options before presenting a full report to the Governing Council later next year.
12/21/2022
Fintechs call for clarity over open banking reforms
The fintech coalition is concerned that “we have not received clear direction from the Joint Regulatory Oversight Committee (JROC) about how the 2017 CMA Order will continue to be enforced after the Open Banking Implementation Entity is dissolved.&a
12/21/2022
Coinbase secures regulatory approval and welcomes new country director in Ireland
In addition, Coinbase’s Ireland operations will now be under the steady hand of Cormac Dinan, their new Country Director.
12/21/2022
Cryptoassets Exposure: Bank Governors Approve Rules For Banks
Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms will also be subject to a conservative prudential treatment.
12/21/2022
Is Australia Clamping Down on Crypto Firms?
As such, Finder Wallet should have acquired the relevant licenses before offering the service.
12/20/2022
SS&C signs agreement with Mine Super to deliver administration services to members
Mine Super outsources administration to SS&C
12/20/2022
Australia Outlines Plans to Modernise Its Financial System
Prime Minister Anthony Albanese‘s government is also taking action to improve the regulation of crypto service providers.
12/20/2022
Fundsmith Extends Transfer Agent Relationship with SS&C
We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.
12/20/2022
Latham & Watkins Represents Binance.US in Acquisition of Voyager Assets
Firm represents the cryptocurrency infrastructure service provider in the completed reopened auction.
12/19/2022
UK updates on new Open Banking entity
The committee is currently working on developing the vision for the future of Open Banking and on the design of the future entity.
12/19/2022
Bank Governors endorse Basle Committee limit on bank exposure to crypto assets
The Committee's standard on cryptoasset is a further example of our commitment, willingness and ability to act in a globally coordinated way to mitigate emerging financial stability risks.
12/15/2022
HSBC and Deutsche Bank invest in Regtech Taina
Financial institutions are under growing cost pressure, and customers are now increasingly judicious about their customer experience with financial institutions platforms.