Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
RegTech
Bank of England seeks public cloud technology partner
Regulator looking into benefits of SaaS and PaaS.
Greensill pledges to help SME suppliers after ombudsman probes
The lender says it needs to “think about the way that [its] capital is being delivered”.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The future of regtech is data-driven: How to stay ahead of the curve
There are no shortage of challenges that will need to be addressed through innovation.
UK regulators fire Libor warning shots as deadlines loom
The FCA and Bank of England tell industry the time to act is now.
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
Regtech: the new lifeblood of compliance
It changes the current compliance game for the better.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
ESMA issues final report on SFTR, tackles non-EU LEIs
European regulator posts final notice before SFTR’s April live date
Bank of England and FCA plot internal data analytics shake-up
UK regulators outline plans to improve their data handling capabilities.
British government investigating cyber-attack link to 2019 LSE outage
The August 2019 outage delayed trading by an hour and 40 minutes.
The extension of SCA: a sensible move or an unnecessary delay?
UK Finance notes more than 75% of merchants are unaware of SCA.
Goldman Sachs and Morgan Stanley facing BoE probe
The banks’ balance sheets are under the microscope.
Chinese regulator opens market access for foreign banks
CIRBC unveils rejigged rules to encourage foreign investment in Chinese market.
ISO 20022: stepping in the right direction
Market participants should assess the impending transformation and work on action plans.
Australia delay open banking regulation by six months over cybersecurity concerns
Banks are “extremely concerned about cybersecurity”, says ACCC.
Signing up to the future
A legal evangelist explains why she expects the future of contracts to be autonomous.
How the Grinch stole my identity: Three tips for fraud prevention this Christmas
As many as 8% of US consumers are affected by identity fraud at Christmas time.
Financial Stability Board warns of bigtech banking risk
Tech firms’ relationship with finance could create instability, says FSB.
FCA launches call for input on open finance future
UK regulator wants industry input on next steps.
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Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
PayPal sues US regulator over its “misleading” digital wallet rules
PayPal wants the Consumer Financial Protection Bureau (CFPB) to change its rules.
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
Russian AML agency claims $14bn in prevented transactions
Rosfinmonitoring chief talks up Russia’s clampdown on criminals.
Banking Technology December 2019 / January 2020 issue out now
A year in review.
EBA publishes sustainable finance action plan
EU regulator seeks early action on green investment.
FDIC seeks comment on rulemaking process
US agency looking to get feedback on its regulatory actions.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Ingenico announces risk director Panteha Pedram’s appointment to MRC
She will unpick new regulatory changes for the council and its members.
Goldman Sachs fined $1m for not recording traders’ calls in 2014
The bank failed to record calls for three weeks.
Citigroup fined record £43.9m for ‘widespread’ regulatory reporting failures
Citigroup fell “fell significantly below the standards expected”.
CMTI 2019: Disruptors demand new approach from regulators
Banque de France deputy governor says the right mindset is key.
