Regulation & Compliance news

Regulation & Compliance headlines

Gulf Binance granted digital asset licenses in Thailand

26 May

ESRB publishes report on policy options to stem crypto and DeFi risks

26 May

Plenitutde names Mark Humphries as chairman

25 May

Instant Cash obtains Retail Payment Services and Card Scheme License from Central Bank of UAE

25 May

Esma publihses opinion on market outages

24 May

National Bank of Georgia approves open banking rules

24 May

ZA Bank to launch virtual asset trading services for retail investors under new licensing regime

24 May

CMA charges five banks with bond price rigging

24 May

ACA Group appoints Patrick Olson as chief executive

23 May

Open source risk decisioning startup Ballerine raises $5 million in seed financing

23 May

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AI regulation draws attention of G7 officials

G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.

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Qred wins banking licence

Exploring the Impact of Innovation on Neobanks

Revolut launches Oz business account; wants banking licence

Westpac bans transfers to Binance

ABA calls on lawmakers to regulate stablecoin issuers like banks

RegTech startup Amlyze snags $1 million pre-seed investment

Regulate crypto as gambling says UK Treasury Committee

GFMA calls for regulators to take more innovative approach to DLT in capital markets

Darktrace founding investor Mike Lynch extradited to US to face fraud charges

EU Parliament in favour of tougher rules for AI Act

[On-Demand Webinar] Fintech vs. Banking: Who will win the deposit war?

Regulation & Compliance blogs

Technology and training vital in FCA’s Post Office fraud initiative

Monique Melis

Monique Melis - Kroll - London

Banking Regulations

Model risk management: not just for risk models

Johnny Steele

Johnny Steele - SAS - Glasgow

How Retailers Can Prepare for the Next Wave of Alternative Payment Methods

Delia Pedersoli

Delia Pedersoli - MultiPay Global - Bishops Stortford

ISO 20022 – Creating a cohesive payments ecosystem

Merten Slominsky

Merten Slominsky - Finastra - Cologne Bonn Region

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Latest TV

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Exploring the Impact of Innovation on Neobanks

Speaking at TCF 2023, Craig Bennett, Managing Director APAC, Temenos, and Simon Beitz, CEO, Alex Bank, discuss the exciting real-time applications that innovation has introduced to the market, and how technology and regulations are playing a significant role in shaping the future of neobanks.

The future of resilient CBDC systems & cross-border architecture

Beju Shah, Head of Nordic Centre, BIS Innovation Hub, Bank for International Settlements, speaks at NextGen Nordics 2023, about the Hub's latest projects that are looking into creating resilient CBDC systems, building a new architecture for cross-border retail CBDCs, and using data to combat money laundering across firms and boarders.

Reimagining International Payments

Patrik Havander, Head of B2B Connect, Cross Border Money Movement Europe, Visa, discusses cross-border payments in Sweden at NextGen Nordics 2023, addressing its challenges and exploring the options available to overcome them.

The Innovation Pushing Digital Identity Forward: Part 2

Stephen Curran, Chair of the Board Of Trustees Sovrin Foundation, Identity Consultant, speaks with Andrew Smith, RTGS.global, in FinextraTV’s Tech Uncovered Series. Continuing their discussion, they examine innovations driving digital identity including blockchain, including blockchain, offline verification of identity, anonCreds, privacy-protecting technology, linked secrets, and zero knowledge proofs.

The long read

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Paige McNamee

Consumer Duty will require institutions to deliver good outcomes for retail customers

Paige McNamee - Finextra Research

Discussion

Regulate crypto as gambling says UK Treasury Committee

A Finextra Member

A Finextra member

How long has it taken for these Ponzi schemes to be seen for what they are. Remote anonymity is open to exploitation? Agree with you John - the rest of the world needs to follow suit..... sadly there are enough corrupt governments and gullible consumers around to keep the pyramid building going!

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Regulate crypto as gambling says UK Treasury Committee

John Davies

John Davies

Just as I was thinking the UK government showed no sign of intelligent life at all we get this... "The influential cross-party Committee of MPs declared that cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering." Wow, there is at least someone in there with a brain!

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Regulate crypto as gambling says UK Treasury Committee

Patrick Lemmens

Patrick Lemmens

Ether and bitcoin have no intrinsic value and use a lot of energy? Please read up and check the facts. Ether has virtually zero energy usage nowadays and both crypto’s have increasing numbers of user cases which puts their value above zero. Is it volatile and speculative and do you need consumer protection? For sure.

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Revolut CFO quits for 'personal reasons'

A Finextra Member

A Finextra member

How is it possible to lose $477M of revenue and your auditor says sorry couldn't find it...What is the point of an auditor if this is possible?? Or have I missed the something??

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Revolut CFO quits for 'personal reasons'

Tide calls for tax on social media and telcos to fund fight on fraud

Payments Canada Summit: Ghana's eCedi pilot

Payments Canada Summit: Bank of Canada's Morrow on supervising PSPs

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Paige McNamee

CBDC and progress across digital currencies could be feasible

Paige McNamee - Finextra Research

Elsewhere...

The long read

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Paige McNamee

Open banking reviews should lay the groundwork for open finance

Paige McNamee - Finextra Research