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.
How KYC Portal became a leading RegTech provider
After identifying a compliance gap in 4AMLD, back in 2017, KYC portal was able to set itself up to become a major RegTech provider.
UK customers are changing banks due to poor complaints handling processes
Research by global software firm Nuix has found that UK customers are leaving their banks due to complaint mishandlings during the pandemic.
ESMA fines UnaVista €238,500 for EMIR failures
The European Securities and Markets Authority (ESMA) has fined trade repository UnaVista for alleged breaches of the European Market Infrastructure Regulation (EMIR).
FCA to team with BofE to develop blockchain-based regulatory reporting initiative
The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.
Risk of price bubble in ESG markets growing, BIS warns
The Bank of International Settlements (BIS) has warned of the escalating risk of a price bubble in environmentally-friendly-focused asset markets.
Cogévie teams with FRISS for anti-fraud services
Cogévie, a group health and welfare contract management firm, has teamed up with fraud prevention software developer FRISS to bolster its protections.
cheqd said to secure investment ahead of debut product launch
Identity verification platform cheqd has reportedly raised $2.6m in a funding round to support the launch of its platform later this year.
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