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Financial Services
Editor's Picks
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KC Fed paper raises red flag on stablecoin law's impact on US credit markets
A US Federal Reserve Bank of Kansas City paper raised a red flag for the first time about the possibly harmful impact of the GENIUS Act on US credit markets, as oth... (more story)
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White House seeks comprehensive AML review in digital assets report
As a White House working group on digital assets sees a “valuable opportunity” for a comprehensive review of the US framework against money laundering and terrorist... (more story)
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Bipartisan bill to promote AI in US financial services introduced in Congress
A bipartisan bill to promote artificial intelligence in financial services was introduced in the US House and Senate. The legislation seeks to advance AI through re... (more story)
Insight View More
The UK's financial watchdog received 147 whistleblowing reports between April and June which flagged concerns about financial organizations' culture. The figure was an increase of 71 percent compared with the ... (more story)
The UK’s Financial Ombudsman Service, has opened an eight-week consultation on its plans to shake-up how it charges businesses facing complaints, including lower fees for cases resolved earlier in the process.
Terraform Labs cofounder Do Kwon is expected to plead guilty to charges stemming from a $40 billion collapse of his decentralized financial empire, according to a notice posted today to the court docket. He wa... (more story)
UK lawmakers have said they are concerned by the financial regulator’s proposed redress program for car-finance customers who may have received unfair treatment from lenders since 2007. In a letter from the Fi... (more story)
In a potential boon to the cryptocurrency, private equity and real estate sectors, President Trump signed an executive order mandating the US Labor Department reexamine guidance on fiduciary duties for alterna... (more story)
A doomed partnership with a major cryptocurrency exchange and anti-money laundering compliance deficiencies led Paxos Trust Co. to agree to a $48.5 million settlement with New York state regulators.
The UK’s financial markets watchdog will introduce new rules on payments and e-money firms aimed at protecting customers when a firm fails. The Financial Conduct Authority said the rules were needed since inso... (more story)
In another move to deregulate cryptocurrency assets as part of the White House's agenda, the US Securities and Exchange Commission said digital-asset deposit receipts intended as collateral or to generate retu... (more story)
Comment View More
A US Federal Reserve Bank of Kansas City paper raised a red flag for the first time about the possibly harmful impact of the GENIUS Act on US credit markets, as other questions about the stablecoin regulatory ... (more story)
A low-profile report on banking published this week marked a turning point for Australia’s financial regulators, as they called for a raft of changes to stimulate competition in the normally sluggish banking s... (more story)
The EU and the UK regulatory frameworks for financial services have diverged since 2021, when the UK became no longer bound by EU law. Since then, the only cooperation on financial services between the two eco... (more story)
A division is emerging in the UK financial services industry over the future of digital money, after Bank of England governor Andrew Bailey again poured cold water on the idea that stablecoins might offer a vi... (more story)
A Bank for International Settlements paper warned of the risks from stablecoin use for money laundering and terrorism financing, their potential impact on fire sales, and possible strains on dollar funding liq... (more story)
As a White House working group on digital assets sees a “valuable opportunity” for a comprehensive review of the US framework against money laundering and terrorist financing, regulators and industry players a... (more story)
UK-based fintech company Ediphy recently proved its credentials on the European stage as the leader of FairCT, the consortium that won the mandate for the EU’s first consolidated bond tape — a landmark in the ... (more story)
The UK financial sector received a shot in the arm today with a Supreme Court ruling largely in favor of banks and other lenders in the closely watched car finance commission case — escaping the prospect of a ... (more story)