UK financial regulators team to conduct payment systems review
Four financial regulators in the UK have a Memorandum of Understanding (MoU) that sets out the framework the authorities use to cooperate in relation to UK payment systems.
FCA locks in changes to BNPL terms to cut consumer risk
The Financial Conduct Authority (FCA) has secured changes to potentially damaging terms in the contracts providing by a select number of buy now, pay later (BNPL) firms.
ECB to not extend bank capital and leverage relief beyond 2022
The European Central Bank (ECB) has stated it sees ‘no need’ to allow banks to exclude central bank exposures from their leverage ratios beyond March this year.
UK’s European Affairs Committee launches UK-EU financial services inquiry
The UK’s European Affairs Committee in the House of Lords has launched an inquiry into how the UK and EU’s relationship in the financial services sector.
MAS unveils assessment methodologies for responsible AI use in financial services
The Monetary Authority of Singapore (MAS) has released five whitepapers detailing assessment methodologies to help guide responsible use of AI in financial services.
Bank of Thailand issues consultation on digital repositioning of its financial sector
The Bank of Thailand (BOT) has unveiled a public consultation on repositioning Thailand’s financial sector to succeed in a sustainable digital economy.
Majority of Brits want government to focus on financial stability post-Brexit
Opinium has found 91% of UK citizens want the government to focus on the future stability of the financial system rather than to promote international competitiveness post-Brexit.
India plans to unveil digital rupee in 2023
The Indian government has revealed it plans to launch a digital rupee in 2023 to deal with the growing demand for digital transactions in the country.
Malaysia’s BNM reveals five-year blueprint to transform its FinTech sector
The Bank Negara Malaysia (BNM) has unveiled a five-year blueprint to help develop the country’s FinTech industry.
South Korea seeks lighter touch on FinTech investment regulations
The chief of South Korea’s Financial Supervisory Service (FSS) has revealed he is seeking to ease restrictions on financial firms’ investment in FinTechs.
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