Financial Services Financial News

16.11 / 06:05

Robinhood regulation Altcoin PayPal Gemini Financial Services New York finance regulator tightens crypto listing guidance

Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator.

15.11 / 21:33

regulation crimes Congress Terrorism Financial Services services Financial US House Financial Services subcommittee looks for answers on crypto and crime

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. The hearing was bipartisan in nature, chair French Hill stated at the outset.

13.11 / 13:51

Adoption regulation AML Financial Services Counter Terrorism Financing U.S. FSC to discuss illicit activity in crypto at upcoming hearing

The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem.

08.11 / 02:19

business Adoption ETF Financial Services Bitcoin Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF).

07.11 / 10:29

Blockchain Adoption Payments banking Fiat Money Financial Services Financial Systems Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.

06.11 / 12:23

business Adoption Metaverse Financial Services Financial Systems services Financial Mauritius mulls wrapping metaverse into financial services

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.

03.11 / 08:55

cryptocurrency regulation Financial Services Treasury Bitcoin Former FCA chair slams proposed crypto regulation from government

Charles Randell (pictured), was chair of the FCA and PRS between 2018 and 2022.

03.11 / 08:55

regulation marketing cryptoassets Financial Services FCA guidance FCA issues guidance for crypto marketing

The guidance sets out how authorised firms communicating or approving crypto financial promotions should apply Consumer Duty principles to their marketing.

02.11 / 12:53

regulation Financial Services Wealth managers ESG Asset Managers Fund managers ESG Trends Industry bodies agree standardised responsible investment definitions

The guidance is intended as a resource for investors, regulators, policymakers, and market participants, offering clear definitions for responsible investment approaches rather than criteria for product labelling or categorisation.

02.11 / 10:57

regulation fees Financial Services Consumer Duty St James's Place NOT FCA warns 'top priority' Consumer Duty 'not once and done' event

The regulator warned firms they have to embed customers’ interests centrally in their culture and purpose, across strategy, governance, leadership and people policies, not just compliance.

30.10 / 13:13

regulation Financial Services Retail investors FSCS FCA scraps plans to exclude retail LTAF from FSCS cover

FSCS cover provides compensation of up to £85,000 in the event that a regulated firm goes out of business.

23.10 / 11:17

regulation Financial Services Wealth managers financial conduct authority FCA Asset Managers Fund managers Registration to vote on Link Fund Solutions' Woodford scheme of arrangement opens

The result of the vote will be announced no later than 5pm on 15 December 2023, according to LFS.

19.10 / 12:40

business Law FTX Court Financial Services Financial Sam Bankman-Fried’s trial is telling a story of classic financial deceit

The courtroom drama unfolding around FTX founder Sam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe to Chinese officials, which add a surreal twist to the narrative.

17.10 / 14:33

regulation Bank of England Financial Services Credit Suisse Wealth managers Treasury BoE's Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses

Sam Woods, deputy governor of the BoE and head of the Prudential Regulation Authority

17.10 / 08:13

regulation Financial Services Wealth managers financial conduct authority London Stock Exchange Mansion House Stock exchanges FCA's Rathi pushes for radical overhaul of stock exchange rules

The proposed rules come following the new secondary objective of the FCA “to support international competitiveness and growth over the medium to long term”.

17.10 / 04:37

cryptocurrency Financial Services Australia outlines plan to regulate crypto exchanges

cryptocurrency collapses by forcing the platforms to get a financial services licence, the government said Monday. Any crypto exchange or digital asset platform with more than Aus$5 million (US$3.2 million) in aggregate assets would have to comply, the Treasury said in a proposal paper. About one in four Australians own some cryptocurrency, it said. Cryptocurrencies such as Bitcoin rely on decentralised cryptography to secure transactions instead of the traditional banking system.

13.10 / 08:11

regulation fees companies Financial Services Wealth managers financial conduct authority Consumer Duty reform place regulatory St James's Place under regulatory scrutiny to reform fee structure - reports

A former employee said regulators have been pressuring SJP for almost a decade to overhaul its fee structure.

12.10 / 15:41

regulation UK Financial Services Asset management Wealth managers Treasury financial conduct authority FCA to consult on amending regimes for alternative fund managers and retail funds

There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

12.10 / 15:41

regulation UK companies Financial Services Wealth managers Unit trusts/OEICs Woodford investors to vote in single class as scheme of arrangement vote delayed

The scheme meeting and vote has been delayed to 13 December 2023.

12.10 / 13:27

regulation Financial Services industry Barclays Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein

Jes Staley, former CEO of Barclays

10.10 / 17:23

regulation companies Financial Services Wealth managers Asset Managers Fund managers Link Fund Solutions hearing Link Fund Solutions first court hearing extended as parties clash over class meetings

One of the key issues raised on behalf of retail investors was the potential for FSCS compensation, which would not be available to institutions or intermediaries.

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