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Latest Results from /regulation

/regulation

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

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CFPB and American Fintech Council stake out AI positions to Treasury

Responding to a call from the US Treasury, the Consumer Financial Protection Bureau (CFPB) and the American Fintech Council (AFC) have both weighed in on the use of AI in financial services.

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Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

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Russia cancels AmEx subsidiary's banking licence

Russia's central bank has cancelled the licence of American Express's subsidiary in the country, at the payment company's request, according to Reuters.

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Wise targets huge Indian remittance market

Money transfer fintech Wise is set to take on India's banks in the country's $32 billion remittance market after securing a new licence from the RBI.

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Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

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HSBC pledges to retain branch numbers

HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.

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CFTC orders FTX to pay customers $12.7 billion

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

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Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.

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ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

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SME Finance Taskforce announces plan boost UK economic growth

The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

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Finextra is getting a new look!

We’re excited to go live with Finextra’s new website next week.