Allen & Overy is advising Santander on its acquisition of Wirecard’s core technology assets, the latest in a series of firesales at the collapsed German payments firm which is facing claims worth over €12 billion.
18 November 2020
The European Central Bank has warned that a digital euro could alter banks’ entire business models and encourage greater risk-taking behaviours.
20 October 2020
The US Federal Reserve has announced details of its interbank payment service FedNow despite scepticism over potential competition with the private sector, as the Brazilian central bank reveals a launch date for its own new payments system network, Pix.
14 August 2020
WhatsApp has received a boost in its quest to launch its payment platform in India after a Supreme Court affidavit filed last week revealed it has complied with data localisation rules, but the Indian central bank is yet to give it the go-ahead.
05 August 2020
José Eduardo Carneiro Queiroz, managing partner of top-tier Brazilian firm Mattos Filho, and considered one of the country’s sharpest minds in the banking and capital markets fields, has died unexpectedly aged 49.
24 July 2020
WhatsApp is attempting to re-launch its payment platform in Brazil after being suspended within a week of its debut last month, as the central bank’s director says modifying existing regulations was the only way it could permit the service in its original form.
22 July 2020
Russia’s central bank has created a new department to regulate market infrastructure providers, while the Bank for International Settlements has named Federal Reserve alum Tara Rice as the new head of its committee on payments and market infrastructures.
29 May 2020
Facebook’s cryptocurrency project Libra has filed for regulatory approval in Switzerland – dropping plans for a Bitcoin-like permissionless system and adding a single-currency coin.
17 April 2020
The World Bank has urged regulators to foster the inclusion of underserved users of the financial system when designing regulatory sandboxes and innovation hubs.
17 April 2020
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