UK financial regulators team to conduct payment systems review
Four financial regulators in the UK have a Memorandum of Understanding (MoU) that sets out the framework the authorities use to cooperate in relation to UK payment systems.
Is regulation on the horizon for NFTs?
The growth of non-fungible tokens (NFTs) has been stratospheric over the past two years, with the market showing no signs of slowing down in 2022. After recently hitting a $41bn value at the end of 2021, the number of prying regulatory eyes on the industry are growing. Will this be the year we see wholesale regulation on NFTs?
ECB to not extend bank capital and leverage relief beyond 2022
The European Central Bank (ECB) has stated it sees ‘no need’ to allow banks to exclude central bank exposures from their leverage ratios beyond March this year.
Bank of Thailand issues consultation on digital repositioning of its financial sector
The Bank of Thailand (BOT) has unveiled a public consultation on repositioning Thailand’s financial sector to succeed in a sustainable digital economy.
Majority of Brits want government to focus on financial stability post-Brexit
Opinium has found 91% of UK citizens want the government to focus on the future stability of the financial system rather than to promote international competitiveness post-Brexit.
India plans to unveil digital rupee in 2023
The Indian government has revealed it plans to launch a digital rupee in 2023 to deal with the growing demand for digital transactions in the country.
Malaysia’s BNM reveals five-year blueprint to transform its FinTech sector
The Bank Negara Malaysia (BNM) has unveiled a five-year blueprint to help develop the country’s FinTech industry.
South Korea seeks lighter touch on FinTech investment regulations
The chief of South Korea’s Financial Supervisory Service (FSS) has revealed he is seeking to ease restrictions on financial firms’ investment in FinTechs.
Digital transformation, hybrid working and ESG – RegTech trends to watch out for in...
After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?
Tax platform April bags $10m seed capital
US-based tech-powered tax platform April Tax Solutions has raised $10m from a seed funding round and has officially launched operations.