Topic: Banking regulators

Singaporean regulator admits “mixed signals” on crypto, warning it may restrict crypto access

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022

FCA fines Citi over MAR implementation failures

Citigroup Global Markets has accepted a fine from the UK’s Financial Conduct Authority, after the regulator ruled it failed to properly implement the EU’s Market Abuse Regulation in time.

22 August 2022

Big Tech marketers could be liable under unfair banking rules, CFPB warns

The United States’ consumer financial watchdog has warned digital marketing companies that they could fall under federal banking law provisions against unfair marketing practices, in a rule practitioners say will have “far-reaching” implications.

15 August 2022

Warren urges OCC to rescind crypto guidance

The US Office of the Comptroller of the Currency should rescind its guidance opening the door to banks’ crypto activities, according to a new push by a quartet of Democratic senators, shortly after banking groups called for a larger role for the industry within crypto innovation.

15 August 2022

ASIC admits “challenges” to breach reporting rules

Australia’s securities regulator has acknowledged “challenges” with its 10-month-old breach reporting regime, promising a disgruntled industry that compliance will get easier – as the country’s prudential regulator simultaneously updates its credit risk reporting standard.

11 August 2022

“Greening the economy is more important than growing the green economy”: MAS release annual green report

The head of Singapore’s regulator has pledged to focus on “greening the economy” while announcing tightened-up disclosure requirements to prevent greenwashing.

01 August 2022

Saudi Arabia unveils shariah compliance overhaul

Saudi Arabia’s capital markets regulator has issued a set of rules aiming to streamline how sharia compliance is monitored in the Kingdom, with the status quo creating “uncertainty” in how products are classified.

28 July 2022

APRA chair to leave by October

The chair of Australia’s prudential regulator has announced he will leave the post two years earlier than scheduled.

27 July 2022

Natural persons cannot challenge EBA’s investigative discretion, appeal board rules

The appeal board of EU financial regulators has confirmed natural persons cannot challenge EBA decisions not to open investigations into member state regulators, saying the EBA’s own-initiative investigatory power is “entirely discretionary”.

25 July 2022

UK government begins “once in a generation” revamp of financial services

The UK government has published a “landmark” bill that would cement EU divergence, take control over cryptocurrencies and leave room for government to siphon power away from its regulators – all at once.

20 July 2022

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