regulatory-framework
Top StoriesUK to examine cloud services dominated by Amazon, Microsoft and Google
Top StoriesBank capital rules for cryptoassets due by year end
Top StoriesEU wants to assess media mergers for media pluralism, editorial independence
FinanceFS & markets bill: Major changes on the horizon for financial services organisations
Factbox-Big banks expected to rack up more than $1 billion in fines for WhatsApp use
Date: August 22, 2022
By Angelique Chen (Reuters) – Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began probing banks’ record-keeping practices relating to the use...
EU watchdog backs ESG ‘quality label’ for market benchmarks
Date: August 19, 2022
LONDON (Reuters) – The European Union’s markets watchdog said on Friday that a ‘quality label’ for market benchmarks would help prevent investors being misled by environmental, social and governance (ESG) claims. Benchmarks are used by asset managers to pick investments for clients, helping to channel millions of euros into sustainable funds and projects, but the...
Asset managers on alert after ‘WhatsApp’ crackdown on banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...
Asset managers on alert after ‘WhatsApp’ crackdown on banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...
A regulatory double act: Why the US & UK must collaborate
Date: August 5, 2022
By Ben Richmond, CEO and Founder at CUBE, the global RegTech Since the UK left the EU, there has been a growing move towards localised legislation. The rhetoric of “taking back control” has materialised in changes to well-rooted legislation – from Solvency II to the Financial Services and Markets Act. From the beginning, the FCA...
Renewals up, new business down – how the FCA ruling has affected home and motor insurance
Date: August 5, 2022
By Yochai Melochna, Head of Customer Success, Earnix Six months since the FCA ended price walking on home and motor renewals, Yochai Melochna, Earnix’s Head of Customer Success, caught up with Nick McCowan, Post Office’s Head of General Insurance – a customer using Earnix’s AI-powered pricing solution, Price IT – to find out what impact...