UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
Two years on: how the pandemic has changed the RegTech sector
When Covid-19 swept the world at the start of 2020, no one had any idea how much it would change the way we live and work. As in-person restrictions continue to fester two years on, how has the opportunities provided by the pandemic impacted the RegTech industry?
The PRA underlines 2022 supervisory priorities for international banks in the UK
The Prudential Regulatory Authority (PRA) has set out in a Dear CEO letter its supervisory priorities for international banks active in the UK for 2022.
Majority of UK insurers set to boost premiums following FCA pricing legislation
Research from Trustly has found 74% of UK insurance firms plan to widen premiums to all customers following the Financial Conduct Authority’s (FCA) recent pricing review.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Korea’s FSC unveils plans to reinvigorate KONEX market
South Korea’s Financial Services Commission (FSC) has announced a raft of measures aimed at revitalising the Korea New Exchange (KONEX) stock market.
PassFort successfully concludes SOC 2 audit
RegTech firm PassFort has revealed it has successfully completed its System and Organisation Controls (SOC 2) Type 2 audit.
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
FCA confirms new rules on climate-related financial disclosures
The Financial Conduct Authority (FCA) has published two policy statements that confirm the final rules and guidance to promote better climate-related financial disclosures.
EBA unveils public consultation on remote customer boarding guidelines
The European Banking Authority (EBA) has launched a public consultation on its draft guidelines for the use of remote customer onboarding solutions.
