09/15/2023
Growing Risks from Europe’s Shadow Banking Demand Greater Regulatory Scrutiny
The combined assets of such entities in Europe have more than doubled since the 2008 Global Financial Crisis from €15 trillion to €31 trillion.
Legal,Regulation,Tax & Compliance
09/14/2023
CIMA amends guidance to accommodate e-KYC and Digital ID Systems
If applied correctly the use of e-KYC has many benefits.
09/13/2023
$1.5 Trillion Asset Manager Franklin Templeton Files For US Bitcoin ETF
Franklin Templeton has filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Bitcoin ETF.
09/12/2023
Fintech Leads For New Unicorns In August And Two Companies Prepare To Exit
Beijing-based cryogenic equipment manufacturer Fullcryo raised a $111 million Series C that valued the company at $1 billion.
09/08/2023
CFTC issues orders against 3 DeFi operators for illegal derivatives trading
ZeroEx, Opyn and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.
09/07/2023
Jersey Finance Welcomes Virtual Assets Regulatory Amendments (VASPs)
The new regulations, which were approved in July this year following a public consultation, introduce a ‘travel rule’ for businesses undertaking the transfer of digital assets
09/07/2023
Iosco consults on new DeFi regulatory proposals
The Recommendations cover six key areas
09/06/2023
Interplay between the application of competition and data protection rules
National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions
09/06/2023
Regulator sues Westpac over financial hardship notice response delays
All of these customers told Westpac they were experiencing financial hardship.
09/05/2023
Incumbent banks ramp up in-office requirements
Banks are starting to monitor employee office attendance, with Citi cutting bonuses for staff that fall below three days a week
09/01/2023
Rho acquires fundraising and banking platform Capital in undisclosed deal
Rho, a B2B all-in-one financial platform that allows organisations to bank on, acquired Capital, a fundraising and banking platform for an undisclosed amount
09/01/2023
LC Financial Holdings completes BCM Global acquisition
Established in 1998, LC Financial Holdings comprises LCM Partners, one of Europe's leading alternative credit investment managers
09/01/2023
SEBA Hong Kong Makes Strides Towards Official Crypto Licence with Regulatory Nod
Amy Yu, CEO APAC, at SEBA Hong Kong, said the approval-in-principle signifies that all its efforts are heading in the right direction.
09/01/2023
UK Regulation Urged as New Research Exposes Concerns in BNPL Trends
While the study confirms the convenience factor that BNPL offers, with 82 per cent finding it easy to understand and 76 per cent deeming it easy to manage and pay off, the darker side of this trend cannot be overlooked.
08/31/2023
Visa and Mastercard plan credit card fee increases
In March, a US federal appeals court upheld a $5.6 billion antitrust class-action settlement
08/31/2023
Orion Signs License Agreement with Temenos to Expand Market Reach in Ireland, Bulgaria, Hungary and Slovakia
Financial institutions will benefit from Temenos’ world-class banking platform and Orion’s regional expertise to offer Country Model Bank functionality in these countries
08/30/2023
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Goldman Sachs’ journey with GreenSky began back in September 2021
08/29/2023
Maybank and Broadridge team on securities borrowing tech
The platform's ability to interface with downstream systems enables automation and straight-through processing
08/28/2023
US Treasury sets out crypto tax reporting proposal
The form, covering information such as customers’ capital gains and losses, would be sent to both customers and the IRS.
08/25/2023
SmartSearch Reveals Worrying Trend as Challenger Banks Display Lack of Commitment to Compliance
SmartSearch has revealed concerns that challenger banks could receive substantial fines and significant reputational damage associated with Anti-Money Laundering (AML) breaches.