RegulationsRSS

Payments round-up: 21 February 2017

Banking Tech 2

One is the loneliest number that you’ll ever do… so three stories in one will do better. Here’s a round-up of key events to save you time. Featuring Macquarie Bank, Apple Pay and more. The European Banking Authority (EBA) has relaxed its planned rules for increasing choice in how consumers pay for services and products […]

Erste Group automates PRIIPs and MiFID II reg requirements with Asset Control

Erste Group

Erste Group Bank has opted for Asset Control’s AC Plus financial data management platform to support its PRIIPs and MiFID II regulatory requirements.

Blockchain and Bitcoin round-up: 15 February 2017

Blockchain

Life is a cabaret… and a fast one at that. Here’s a round-up of key events to save you time. Featuring KPMG, Microsoft, Hyperledger and more. Japan’s largest Bitcoin exchange Bitflyer has finished a new ¥200 million ($1.75 million) funding round from Dai-ichi Life Insurance Company, Mizuho Capital and SMBC Venture Capital. The banks’ backing […]

Japan seeks stronger ties to Iran’s central bank

japan

Japan’s Financial Services Agency (FSA) is looking to work closer on banking supervision with the Central Bank of the Islamic Republic of Iran (CBI). The pair have exchanged letters on co-operation and the plan is to examine the performance of their respective duties for the “safe and sound functioning” of banking organisations in their countries. […]

FCA: experimenting in the sandbox

More money for UK fintechs

2017 looks set to be the year in which a number of different jurisdictions vie to become the natural home of the financial technology sector. To help ensure that London remains fintech-friendly, the Financial Conduct Authority (FCA) has created the “regulatory sandbox”.

CIBC automates reg reporting in UK and APAC with Wolters Kluwer’s OneSumX

CIBC in regtech deal with Wolters Kluwer

Canada’s banking group CIBC is implementing Wolters Kluwer’s OneSumX for regulatory reporting across its locations in the UK, Japan, Australia, Hong Kong and Singapore.

PSD2 and the future of payments

Jacqui Hatfield, Reed Smith

Banks need to do more than just comply with the upcoming revised Directive on Payment Services (PSD2). To survive, banks will need to embrace these changes.

DTCC sells Clarient Global and Avox to Thomson Reuters

Thomson Reuters acquires Clarient Global and Avox from DTCC

The Depository Trust and Clearing Corporation (DTCC) has agreed to sell its Clarient Global and Avox businesses to Thomson Reuters.

Barclays to overhaul back office ops & set up standalone entity, Barclays Services

Barclays-PLC

Barclays is embarking on a major back office operations overhaul, with the creation of a standalone company, Barclays Services. It will support the operations of the bank’s retail and investment businesses once they are formally separated.

Switzerland to amend banking rules to become fintech-friendly

Switzerland to relax fintech rules

Switzerland’s Federal Council has issued a consultation paper on amendments required to its Banking Act and Banking Ordinance, to create an environment that helps fintech start-ups thrive in the country.

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