ADVERTISEMENT
Crypto / Digital Assets
UK Lawmakers to Extend FCA Remit to Cover All Crypto
By Editors | 30/10/2022
An amendment to the Financial Services and Markets Bill will empower the FCA to regulate crypto promotions and ban companies that are not authorised to operate in the UK.
Fintech / Regtech
EU Commission Proposes New Rules on Instant Payments
By Manesh Samtani | 30/10/2022
Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
Market Infrastructure
SWIFT Defers ISO 20022 Migration to March 2023
By Editors | 28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Fintech / Regtech
FCA Explores Competition Risks from BigTech in Retail Financial Services
By Editors | 27/10/2022
The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.
Market Infrastructure
Refinitiv Launches Prototype Forward-Looking €STR Term Rate
By Editors | 27/10/2022
The prototype rate can be used in testing to prepare for the introduction of robust fallback language in EURIBOR contracts.
Enforcement
German Consumer Group Files Greenwashing Suit Against DWS
By Editors | 26/10/2022
The suit claims that DWS misrepresented a fund’s green credentials in marketing material. A hearing date is set for 10 March.
Market Infrastructure
UK Regulator Directs CRAs to Fix Governance Gaps
By Sanday Chongo Kabange | 26/10/2022
Credit rating agencies have until 30 January 2023 to submit action plans to the FCA on how they will rectify governance issues.
ESG / Sustainability
FCA Proposes Three New Green Labels for UK Funds
By ESG Investor | 26/10/2022
The FCA has published its much-anticipated consultation outlining measures to tackle greenwashing.
AML / KYC
UK: Industry Calls for Clear Rules on Data Sharing to Combat Scams
By Mark Johnston | 26/10/2022
RUSI and Stop Scams UK say policy changes are needed to allow data sharing for the purpose of combatting scams.
Enforcement
Credit Suisse Clears Litigation Docket Ahead of Overhaul
By Editors | 25/10/2022
Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team