Category: Regulations

Business Banking, Products, Regulations

Cashaa opens broker account for crypto businesses to enforce new FCA rules

January 20, 2020

Via: Finextra

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 […]

Channels, Regulations

Chinese regulators planning digital banking go-ahead

January 16, 2020

Via: Banking Technology

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 […]


FCA stirs up competition for banks’ easy access saver accounts

January 10, 2020

Via: Banking Technology

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 […]


Chinese regulator opens market access for foreign banks

January 6, 2020

Via: Banking Technology

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. […]


PayPal sues US regulator over its “misleading” digital wallet rules

December 17, 2019

Via: Banking Technology

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 […]

Regulations, Uncategorized

Group Warns Climate Regulations Could Disrupt Investment Strategies

December 10, 2019

Via: Insurance Journal

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 […]


Regulators need to provide clarity on Libor cessation, says ISDA

December 5, 2019

Via: Banking Technology

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 […]


Citigroup fined record £43.9m for ‘widespread’ regulatory reporting failures

November 27, 2019

Via: Banking Technology

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 […]


Deutsche Bank already using robots as it gears up to cut 18,000 jobs

November 22, 2019

Via: Banking Technology

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 […]


Wells Fargo ordered to pay USAA $200m for infringed payments patents

November 11, 2019

Via: Banking Technology

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 […]