Regulation Financial News

18.12 / 15:50

regulation Financial Services Wealth managers ESG FCA Industry warns of 'tight' implementation timeline for SDR

The new labelling regime is set to become mandatory for firms from 31 December 2024, but they can begin to use them from 31 July next year.

16.12 / 14:48

CBDC regulation stablecoins CCData TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023

Total value locked on real-world assets recorded a 700% surge year-to-date (YTD) alongside overall decentralized finance (DeFi) figures in 2023 as the market’s bullish sentiment continues.

14.12 / 16:59

Stablecoin regulation Banks BIS Bitcoin committee Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies

The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies.

14.12 / 14:44

regulation Treasury ESG regulatory Treasury's Bim Afolami: Cultural and regulatory change needed to make markets 'match fit'

Edelman Smithfield global head of financial services Andrew Wilde speaks to Bim Afolami

14.12 / 14:44

regulation SEC bonds SEC adopts new clearing rules in $26bn US Treasury market overhaul

The reforms are part of the US government's broader plan to tackle structural issues believed by regulators to be behind market volatility and liquidity troubles.

14.12 / 14:41

regulation Financial Services ESG FCA ESG ratings FCA-convened industry group unveils code of conduct for ESG ratings and data providers

The code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data, especially considering the current efforts to achieve net zero.

12.12 / 15:43

Provident FIVE Digital regulation Bill Elizabeth Warren Bitcoin Senator Warren’s Bipartisan Push to Combat Crypto Money Laundering Gains Momentum

Senator Elizabeth Warren (D-Mass.) has announced an increase in support for the bipartisan Digital Asset Anti-Money Laundering Act, which aims to tackle concerns around the use of crypto in illegal activities such as money laundering and drug trafficking.

12.12 / 15:19

regulation FCA Treasury Select Committee Consumer Duty end FCA to unveil 'far-reaching' disclosure reforms for investment trusts before year-end

'There is going to be more onus on disclosure and that will bring a degree of additional risk into the system, an increasing onus on stewardship of investors when they are making investment decisions.'

12.12 / 15:19

regulation FCA Odey AM Treasury Select Committee FCA closes investigation into Odey Asset Management

FCA CEO Rathi said that, should any evidence against Odey AM appear, the FCA «reserves the right to reopen' the investigation; whereas the investigation into Odey himself 'remains live'.

12.12 / 15:19

regulation AXA World Economic Forum Retail investors jp morgan Lazard Asset managers outline calls to action for 'responsibly' broadening retail access to private markets

Experts argued that policymakers and regulators should consider actions to bolster the potential supply-side of the market, as well as ways to responsibly create demand.

12.12 / 12:13

regulation Bank of England UK PRA capital rules Bank of England sets out 'near-final' plans to tighten capital rules for UK banks

The PRA said the requirements will be 'low' and result in an average increase in Tier 1 capital requirements for UK firms of around 3% once fully phased in.

12.12 / 10:03

regulation US Financial Services Wealth managers Signature Bank FDIC US regulator slammed over Signature Bank loan sales - reports

Signature Bank became one of several US regional banks to collapse in March following the failure of Silicon Valley Bank, leaving the FDIC to auction off $33.2bn of its loans.

12.12 / 10:03

regulation Interest rates financial conduct authority FCA Platforms Customer FCA raises alarm on platforms' handling of customer cash interest

Firms have been told to make changes by 29 February 2024.

11.12 / 07:43

business cryptocurrency Adoption regulation banking BitGo Segregation of Exchanges, Market Makers and Custodians Necessary for Crypto Businesses to Thrive

The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order for businesses to succeed. While it’s common to keep financial actors separated within traditional finance, this concept has often gone overlooked within the cryptocurrency industry.

08.12 / 19:07

Blockchain cryptocurrency Adoption regulation community US States Collaborate to Drive Blockchain and Cryptocurrency Adoption

While United States federal policymakers look to implement cryptocurrency and blockchain regulations, state-led organizations are taking initiatives to ensure that policy focused on cryptocurrency and blockchain adoption pass within the U.S. This is important to consider given that federal U.S. policymakers continue to remain divided on policy focused on cryptocurrency and blockchain technology usage.

08.12 / 15:59

regulation kpmg Treasury financial conduct authority Consumer Duty FCA plans 'new form of simplified advice' in extensive review

The FCA noted that the proposals were high-level at this stage, not definitive and reflected early thinking. The regulator said they would evolve based on stakeholder feedback and further engagement.

08.12 / 15:59

regulation Financial Services Treasury Silicon Valley Bank Treasury Select Committee UK to boost bank resolution toolkit after SVB collapse shortcomings - reports

A review of the senior managers regime is also on the table, which would lead to an evolution in the regulations rather than an overhaul. | Credit: iStock

08.12 / 10:51

regulation Treasury financial conduct authority FCA audit regulatory National Audit Office finds 'significant delay' in FCA regulatory action

The NAO highlighted that, although the FCA had required crypto firms to comply with anti-money laundering regulations in January 2020, the regulator did not take any enforcement action against illegal crypto operators until February 2023.

07.12 / 18:41

regulation Poloniex FCA Financial UK Financial Regulator Adds Poloniex to Warning List Amid Recent $100 Million Hack: What’s Going On?

The Financial Conduct Authority has added cryptocurrency exchange Poloniex to its warning list of firms that may not be fully authorized to render trading services in the country.

07.12 / 12:45

regulation FCA Consumer Duty vulnerability fall FCA: Investment firms fall short of Consumer Duty vulnerability and data sharing requirements

The FCA has seen evidence that some companies view vulnerability as a 'low priority', whereas other have not considered it at all.

07.12 / 02:19

Digital regulation Latin Financial Brazilian Financial Regulator Co-launches Crypto Glossary

The CVM, Brazil’s markets regulator, has co-launched a glossary of crypto-related terms in a bid to “standardize” terminology in the Latin American nation.

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