Regulatory Oversight
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27 results
Americas
SEC hits pause on proposed investment fund and adviser rules
Acting US Securities and Exchange Commission (SEC) chairman Mark Uyeda has hit pause on proposed rules covering safeguarding of advisory...
Americas
States step up as Trump’s US financial regulators step down
State attorneys general have emerged as one of the biggest checks on presidential power after winning a series of US...
UK Regulation
RPC members warn prudential regulation should not be watered down in quest for growth
Two members of the Bank of England’s Regulatory Policy Committee (RPC) have warned lawmakers that prudential regulations should not be...
Compliance
FCA prepares for industry-wide motor finance redress scheme, cuts out claims firms
The UK Financial Conduct Authority (FCA) looks likely to impose an industry-wide redress scheme for mis-sold car finance, as this...
Operational Resilience
UK’s largest banks paid customers £6.2 million after IT outages; January incident could see this double
The UK’s largest nine banks collectively paid their customers £6.2 million following IT failures in the past two years, according...
Conduct & Culture
Compliance allegations top FCA whistleblowing reports for 2024
Compliance issues topped the Financial Conduct Authority’s (FCA) whistleblowing data for the fourth quarter of 2024, published yesterday. Almost 21%...
Enforcement Actions
Jailed crypto ATM operator known to UK authorities for years before conviction
UK authorities knew about unauthorised crypto automated teller machine (ATM) operator Olumide Osunkoya for years prior to his conviction in...
Regulatory Oversight
Regulatory scrutiny, higher operating costs weigh on European payment firms
Intensified regulatory scrutiny and higher operating costs are weighing on the European and UK payment service provider (PSP) sector and...
