FCA and the Bank of England tell financial firms it’s time to get rid...
The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.
The Japanese Financial Services Agency has proposed a massive cryptocurrency regulation update
From: RegTech Analyst Japan’s financial regulator has suggested that the country should limit the margin trade in cryptocurrencies by reducing the leverage to a maximum of...
Hong Kong’s markets watchdog has lifted UBS’ ban on leading IPOs
The Securities and Futures Commission (SFC) of Hong Kong has lifted the ban on UBS to support initial public offerings (IPOs).
Global money laundry fines totalled $8.14bn in 2019
From: RegTech Analyst The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup. The company found...
Ascent adds Australian regulators ASIC and APRA to its AI-driven compliance platform
Regulatory compliance company Ascent continues its winning streak by expanding its coverage of Australian laws.
Australian and UK regulators team up to fight money laundering and terrorism financing
Two regulatory watchdogs in Australia and Britain have signed a memorandum of understanding (MOU) to tighten their collaboration in their fight against financial crimes.
US regulator fines South Korean firm $700,000 for spoofing the market
Mirae Asset Daewoo, a South Korean company, has been fined $700,000 for spoofing the Chicago Mercantile Exchange between December 2014 and April 2016.
British financial firms may lose their passporting rights after Brexit if the UK doesn’t...
From: RegTech Analysis The EU might block UK financial firms’ access to the European markets unless the UK agrees to its conditions. Andrej Plenković, prime minister of...
FinTech TigerWit gears up for Asian expansion after securing financial services licence in Hong...
Hong Kong’s Securities and Futures Commission has granted mobile and online trading platform TigerWit a financial services licence.
The FCA aims to make savings easier for people through new proposals
The Financial Conduct Authority (FCA) believes the savings market could be working better for people.
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