BNPL regulatory crackdown on the horizon as UK Treasury launches consultation
The Treasury has unveiled a consultation on the policy options for the buy now, pay later (BNPL) sector as potentially firmer regulation on the market comes into sight.
Hong Kong, mainland China to link regulatory sandbox to aid cross-border FinTech growth
The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.
G7 finance group endorses policy principals for retail CBDCs
Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).
Virgin Money looks to aid firms’ ESG posture with new app launch
Virgin Money has introduced a new app focused on providing an assessment of a companies’ ESG impacts by measuring, tracking and offering guidance.
Incomlend, Fasanara Capital unveil ESG-focused financing program for SMEs
Invoice financing marketplace Incomlend and Fasanara Capital have teamed to launch a global alternative financing program for SMEs focused on ESG.
Singapore looks to boost sustainable financing with new green bonds office
The Finance Minister of Singapore Lawrence Wong has revealed the country will establish a new office to help bolster sustainable financing and investments in the country.
ESMA considers financial sustainability and stability issues in 2022 agenda launch
The European Securities and Markets Authority (ESMA) has published in 2022 Annual Work Programme to set out what it intends to work on over the next 12 months.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
Bhutan to pilot central bank digital currency through Ripple partnership
The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.
China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
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