Korea’s FSC alters rules to promote business expansion overseas of FIs
Korea’s Financial Services Commission (FSC) has approved a set of regulatory revisions to help facilitate financial institutions’ overseas operation and investment activities.
European Parliament postpones crypto regulation vote amid backlash
The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.
BIS unveils green bond fund to finance sustainable projects in APAC
The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.
China defers new AML rules amid pushback and privacy concerns
The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.
FinTech CEOs call on regulators to speed up Kalifa review reforms
More than 70 FinTech CEOs have called on regulators and the UK government to speed up the reforms of the Kalifa review for the FinTech sector in an open letter.
MAS proposes extended regulatory clout over financial services in new bill
The Monetary Authority of Singapore (MAS) may gather more regulatory powers over Singapore’s financial services sector with the introduction of a new Bill this week.
How the Bank of England is helping to fight climate change
As the fight against climate change continues to expand in industry upon industry, many of the big players in finance are readjusting their policies to ensure they can aid the fight.
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.
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