11/26/2021
Leaked emails reveal how Macquarie Bank became entangled in an $80 billion scandal
A memo submitted ahead of the board meeting noted: "The risk of reputational damage remains should the German authorities take action against the funds."
Legal,Regulation,Tax & Compliance
11/26/2021
Landsbankinn selects Salt Edge to reach PSD2 compliance
The new Act on Payment Services, which transposes the European PSD2 into Icelandic law, entered into force on November 1, 2021
11/25/2021
Islamic bank selects CapitalCompliance
Capital Banking Solutions has been awarded the contract for the deployment of its integrated Anti-money laundering and tax evasion solution named CapitalCompliance
11/24/2021
Basel Committee publishes more details on global systemically important banks
The final scores are mapped to corresponding buckets that determine the higher loss absorbency requirement for each G-SIB.
11/24/2021
Russian cybersecurity executive appeals to Putin as detention for treason extended
Sachkov, 35, who founded Group-IB, one of Russia's most prominent cybersecurity firms, was arrested in September and charged with divulging state secrets, allegations he denies.
11/24/2021
Infrastructure Legislation Expands US Tax Information Reporting to Cryptocurrency and Other Digital Assets
Congress sought to address this issue in the Infrastructure Investment and Jobs Act (the “Act”), which was signed into law by President Biden on November 15, 2021.
11/24/2021
US banking regulators plan to publish crypto guidance throug
The agency's work focused on bolstering internal understanding and defining the regulatory parameters for each agency in the context of crypto activities.
11/23/2021
FSB Statement to Support Preparations for LIBOR Cessation
Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.
11/22/2021
Revolut taps regtech Cube for global regulatory intelligence support
It’s not easy keeping compliant when you’re a global super app.
11/21/2021
FCA confirms recognition of the revised FX Global Code and the Global Precious Metals Code
The FCA expects firms and individuals to consider both the spirit and letter of code provisions to make sure they fully meet ‘proper standards of market conduct’.
11/19/2021
Ashurst to partner with The 6th Annual FinTech Awards to celebrate innovation in FinTech
This year's awards have been expanded reflecting the growth of fintech covering a new award including "Best Crypto or Digital Asset platform/product" with Ashurst again sponsoring the Ashurst FinTech Startup of the Year award.
11/19/2021
SEC proposes update to electronic recordkeeping requirements
The proposed amendments would add an audit-trail alternative.
11/18/2021
Broadridge's SRD II Solution Wins Industry Recognition
Global Proxy Voting and Shareholder Disclosure Solution Win Prestigious Asset Servicing Times Award
11/18/2021
UK government publishes guidance on security rules for tech takeovers
National Security and Investment Act 2021 give ministers power to halt M&As
11/17/2021
Dentons and K&E advise KKR and Global Infrastructure Partners on US$15 billion acquisition of CyrusOne
This all-cash transaction valued at approximately US$15 billionincluding the assumption of debt, is expected to close in the second quarter of 2022
11/16/2021
SS&C to Bolster SoFi Securities’ Compliance Monitoring and Reporting
SS&C’s Risk & Compliance Intelligence Platform to power SoFi’s anti-money laundering and compliance reporting
11/15/2021
SEC rejects bitcoin-based ETF
The Securities and Exchange Commission has rejected a bid to list a bitcoin-based exchange-traded fund.
11/14/2021
FPC: Cloud Adoption
The regulators have now taken an action to review the need for additional policy measures
11/12/2021
CNPD publishes new guidelines on cookies
Cookies can be used for different purposes, i.e. to recognize a user's language choice or the products that the user had placed in his/her basket during a previous shopping session.
11/12/2021
Security intervened in the field of financial technology after the acquisition of part of the British company Monumentally Bank
“At the same time, it represents an opportunity to access the latest technologies and high standards in digital financial services,” the executive added.