Tag: Regulation
UK Government Unveils Strategy to Boost Financial Services Growth and Innovation
Driving Competitiveness in Finance: The new Labour government, led by Chancellor Rachel Reeves, announced plans to reform financial...
UK Government Unveils Plans to Boost Growth and Competitiveness in Financial Services
The UK government, led by Chancellor Rachel Reeves, has announced a strategic plan to enhance growth and competitiveness in...
FCA Fines Metro Bank £16.7M Over Inadequate Financial Crime Controls
The Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to failures in...
FTC Challenges Neobank Dave Over Deceptive Marketing and Hidden Fees
The Federal Trade Commission (FTC) has filed a lawsuit against the neobank Dave, claiming the company misled consumers...
FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services
FE Fundinfo has acquired Matterhorn Reporting Services to enhance its AIFMD reporting capabilities for alternative investment fund managers.
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Afin Bank lands AwR banking licence, plots 2025 launch of mortgage offering for UK’s African diaspora
Banking License: Afin Bank has received an Authorized with Restrictions (AwR) banking license from the Prudential Regulation Authority...
UK government looks to strengthen BNPL protections with launch of latest consultation
The UK government is proposing new protections for Buy Now, Pay Later (BNPL) users, which will fall under...
Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining
Citadel Federal Credit Union will pay over $6.5 million to settle allegations of redlining in predominantly Black and...
TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
TSB Bank was fined £10,910,500 by the Financial Conduct Authority (FCA) for failing to treat customers in arrears...
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
Here’s a summary of the collaboration between the Monetary Authority of Singapore (MAS) and various banks to address quantum...
Banking Tech Awards 2024 nominations deadline extended to 6 September
Extended Nomination Deadline:The deadline for nominations has been extended to 6 September 2024 to accommodate delays due...
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
Bank of England Discussion Paper on Payments Innovation
Key Points:Objective:The Bank of England (BoE) has released a discussion...