Latest Regulation & Compliance News: Finextra Research

Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.

10 October 2023

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FCA issues 146 alerts to non-compliant firms on first day of crypto asset promotion regime

The UK's Financial Conduct Authority has issued 146 alerts about crypto assets promotions on the first day that new rules came into force governing the marketing of crypto investments.

09 October 2023

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Komainu scores FCA crypto registration

Komainu, a digital asset custodian joint venture between Nomura, CoinShares, and Ledger, has secured crypto registration from the UK's Financial Conduct Authority.

09 October 2023

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Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

06 October 2023

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Will Metro Bank be 2023’s next banking collapse?

Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank’s bosses for a sit-down.

06 October 2023

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Central banks bid to embed compliance requirements into real-time transactions

The Bank for International Settlements, along with the central banks of Australia, Korea, Malaysis and Singapore, is exploring the possibility of embedding regulatory requirements into cross-border transactions.

05 October 2023

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Canadian fintechs launch open banking public campaign

Some of Canada's largest fintechs have launched a campaign to rally public support for government action on open banking and payments modernisation.

05 October 2023

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Finnish fintech Saldo makes move into banking services

Finnish fintech Saldo is gearing up to launch banking services in the country, beginning with a savings account.

05 October 2023

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Monzo hires Cash App's Conor Walsh as US CEO

UK digital challenger bank Monzo has hired former Cash App global product head Conor Walsh to lead a renewed push into the US market.

04 October 2023

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Revolut and Softbank agree share deal in battle for banking licence

Revolut has finally struck a deal with primary backer SoftBank on a change to the latter's shareholding, clearing away a key obstacle in the fintech's long-running battle to obtain a UK banking licence.

04 October 2023

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FCA probes Revolut over red-flag accounts - FT

The Financial Conduct Authority is looking into whether Revolut allowed money to leave accounts flagged as suspicious by the National Crime Agency, according to the Financial Times.

02 October 2023

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FCA calls for era of “new enlightenment” for financial inclusion

At the Scottish Financial Enterprise: Extending Financial Inclusion event in Glasgow this afternoon, CEO of the Financial Conduct Authority (FCA) Nikhil Rathi delivered a speech on how the regulator plans to implement policies to include the financially excluded in the current cost of living crisis, calling it “a new enlightenment” for financial inclusion.

29 September 2023

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