Category: Regulations

January 20, 2020

Cashaa’s mission is to help crypto businesses get access to banking who have always struggled with traditional banks. Finally, in 2019, it started its operations in partnership with an FCA regulated entity intending to become the go-to banking services provider […]

January 16, 2020

In what is being billed as a push to reduce risk in the financial sector and encourage new entrants into the marketplace, the new rules could allow existing foreign companies in China – Like HSBC and Standard Chartered – to […]

January 10, 2020

After 12 months of offering multiple introductory rates, banks will then have to decide on one single easy access rate (SEAR) for their easy access cash savings accounts, and one for their easy access cash savings ISAs. The regulator says […]

January 6, 2020

Following a period surveying the industry, the regulator has published new measures which cancel the total asset requirement for foreign banks aiming to set up in China. It will also relax limits on shareholders of joint ventures in the country. […]

December 17, 2019

The payments provider is arguing that the regulator has dismissed its arguments that digital wallets do not operate in the same way as reloadable debit cards. As a result, PayPal says the agency’s guidelines are forcing it to be “misleading […]

December 10, 2019

Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report. Rules aimed at lowering […]

December 5, 2019

A transition away from Libor – which has been tarnished by rigging scandals – remains one of the largest challenges facing the industry. The Financial Stability Board’s (FSB) Official Sector Steering Group (OSSG) coordinates international efforts on benchmark reform and […]

November 27, 2019

PRA deputy governor Sam Woods says “Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting which [the PRA] expect of a systemically important bank”. The Bank of England, which oversees […]

November 22, 2019

The bank’s head of operations for corporate and investment banking Mark Matthews told Financial News that machine learning tools have already saved “680,000 hours of manual work”. Matthews say the bank has so far used bots to process five million […]

November 11, 2019

The patents, which focused on making cheque deposits made with mobile devices simpler, were the subject of a 2018 patent infringement lawsuit filed by USAA targeting Wells Fargo’s mobile deposit solution. The process allows bank customers to use their mobile […]