Latest Reporting/compliance News: Finextra Research

AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?

Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.

23 October 2024

News/regulation

Sibos: Panel calls on regulators to define minimum level of fraud data sharing

Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.

22 October 2024

News/regulation

Axiom Bank hit with enforcement action

The Office of the Comptroller of the Currency (OCC) has filed an enforcement action against Axiom Bank in Florida.

18 October 2024

News/sustainable

Sustainable Finance Live 2024: The role of ESG data in the nature capital marketplace

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live called ‘What is the role of impact and ESG data in ensuring economic profit of nature capital in the marketplace?’, with speakers Cain Blythe, founder of Ecosulis and Credit Nature; Simon Crichton, head of nature, food, and resource at Triodos Bank; Giles D'Souza strategic business lead in remote sensing and GIS at Planet; James Lockhart-Smith, VP sustainable finance at Verisk Maplecroft; and Donna Lyndsay, strategic market lead environment and sustainability at Ordnance Survey.

08 October 2024

News/sustainable

Sustainable Finance Live 2024: How can natural capital be assessed and why does it need to be?

Kicking off Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and contributing editor at Finextra opened with an introduction outlining the themes and objectives of this year’s event, to understand natural capital risk, pricing, and trade.

08 October 2024

News/security

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

08 October 2024

News/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

30 September 2024

News/regulation

Survey uncovers tech aversion within financial institutions

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

24 September 2024

News/regulation

Hong Kong regulator launches tokenisation pilot

The Hong Kong Monetary Authority (HKMA) has started the second phase of its digital Hong Kong dollar pilot study.

24 September 2024

News/payments

Lithuanian fintech kevin declared insolvent

Payments startup kevin has been declared insolvent by a Lithuanian court

23 September 2024

News/regulation

Nasdaq expands digital bank presence in Latin America

Digital bank Nubank has selected Nasdaq's regulatory reporting system, AxiomSL, for its Latin American offering.

23 September 2024

News/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

11 July 2024

News/regulation

UBS under observation from pricing supervisor after acquiring Credit Suisse

Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.

05 July 2024

News/regulation

ABC Projektai wins back banking licence

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

28 June 2024

News/regulation

RBI encourages fintech self-regulation with new framework

The Reserve Bank of India (RBI) has finalised its Framework for Recognising Self-Regulatory Organisations for the Fintech Sector (SRO-FT), after inviting feedback for a draft framework in January thus year.

31 May 2024

News/crime

Ex-Citi employee files wrongful termination lawsuit alleging the bank hid data from regulators

A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.

24 May 2024

News/sustainable

US banks to struggle with climate risk data – Federal Reserve

According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.

10 May 2024

News/regulation

FCA boss invited to UK parliament to address 'naming and shaming' plans

The head of the Financial Conduct Authority (FCA) has been summoned to parliament to explain why work on the regulator's 'naming and shaming' proposal has not been halted.

03 May 2024

News/crypto

Digital Token Identifier to monitor crypto-derivative risk across G20

The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.

02 May 2024

News/markets

ECB ready to penalise UniCredit for continuing business in Russia - Reuters

The European Central Bank (ECB) is ready to impose sanctions on Italy’s UniCredit as the bank continues to participate in business with Russia.

19 April 2024