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Latest News - Regulation

P2P lender Linked Finance receives full FCA authorisation

  • Published: 26 May 2017

Irish P2P lending platform Linked Finance has secured full authorisation from the UK Financial Conduct Authority (FCA).. read more

Funding Circle secures full FCA approval

  • Published: 25 May 2017

British peer-to-peer lending platform Funding Circle has secured full authorization from the Financial Conduct Authority (FCA).. read more

MAS, IFC collaborate to support fintech innovation in ASEAN region

  • Published: 24 May 2017

The International Financial Corporation (IFC), a member of the World Bank Group, and Monetary Authority of Singapore (MAS) have inked a memorandum of cooperation (MoU) to support innovation in the fintech space and boost economic integration within the ASEAN region.. read more

UK's CivilisedBank obtains banking licence

  • Published: 24 May 2017

CivilisedBank, a UK-based business and retail bank, has secured its banking licence from the Bank of England.. read more

Citigroup agrees to pay $97.4m to close money laundering probe

  • Published: 23 May 2017

Banamex USA (BUSA), an affiliate of Citigroup, has agreed to pay $97.4m to settle allegations of money laundering and Bank Secrecy Act (BSA) violations.. read more

CFTC amends rule to bolster protections for whistleblowers

  • Published: 23 May 2017

The US Commodity Futures Trading Commission (CFTC) has approved amendments to rules to boost the agency’s anti-retaliation protections for whistleblowers and enhance its process of reviewing whistleblower claims.. read more

China's central bank sets up fintech committee

  • Published: 17 May 2017

The People's Bank of China (PBOC) has formed a new committee to explore the impact of fintech on the financial services sector.. read more

Labour set to block branch closures

  • Author: Patrick Brusnahan
  • Published: 16 May 2017

In its manifesto launched today, the Labour Party suggested that new regulation will be put in place to block branch closures if it wins the general election.. read more

GIB secures licence to operate as local bank in Saudi Arabia

  • Published: 16 May 2017

Bahrain's Gulf International Bank (GIB) has secured a licence from Saudi Arabia’s finance ministry to operate as a local bank in Saudi Arabia under the Banking Control Law.. read more

Bank of China receives licence to operate in Pakistan

  • Published: 15 May 2017

The Bank of China has received a licence from the State Bank of Pakistan (SBP) to start banking operations in the country.. read more

Disha Microfin obtains final licence to launch small finance bank

  • Published: 15 May 2017

Disha Microfin, part of Fincare Business Services, has secured a licence from the Reserve Bank of India (RBI) to launch a small finance bank.. read more

UK regulator launches retail banking review

  • Published: 15 May 2017

The UK's Financial Conduct Authority (FCA) has launched a review to assess the different types of business models in the retail banking industry.. read more

UK's FCA inks fintech pact with Hong Kong's SFC

  • Published: 12 May 2017

The UK's Financial Conduct Authority (FCA) has signed a co-operation agreement with Hong Kong’s Securities and Futures Commission (SFC) to enhance collaboration in the fintech space.. read more

P2P lender Zopa secures full FCA authorisation

  • Published: 11 May 2017

Zopa, a UK-based peer-to-peer (P2P) lender, has obtained full authorisation from the Financial Conduct Authority (FCA).. read more

UK to merge three retail payment systems operators

  • Published: 5 May 2017

A group set up by the Payment Systems Regulator (PSR) and Bank of England has recommended that the operators of three payment systems - Bacs Payment Schemes, Cheque and Credit Clearing Company and the Faster Payments Scheme - be merged into a single entity to boost competition in the payments and banking industry.. read more

Janalakshmi Financial receives final licence for small finance bank

  • Published: 1 May 2017

Janalakshmi Financial Services (JFS), an Indian micro-finance company, has secured the final licence from the Reserve Bank of India (RBI) to start small finance banking operations.. read more

Dubai Islamic Bank secures licence to operate in Kenya

  • Published: 1 May 2017

DIB Bank Kenya, a subsidiary of UAE-based Dubai Islamic Bank (DIB), has secured licence from the Central Bank of Kenya (CBK) to offer Shariah-compliant banking services in the country.. read more

Allied Irish Banks fined €2.27m for anti-money laundering failures

  • Published: 27 Apr 2017

Allied Irish Banks (AIB) has been fined €2.27m by the Central Bank of Ireland for flouting anti-money laundering and terrorist financing regulations.. read more

MAS collaborates with industry stakeholders to combat money laundering

  • Published: 25 Apr 2017

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have joined forces with industry stakeholders to boost the country’s efforts in combating money laundering and terrorism financing (ML/TF).. read more

Deutsche Bank fined $156.6m for violating foreign exchange norms

  • Published: 24 Apr 2017

Deutsche Bank has agreed to pay a combined $156.6m in penalties to Federal Reserve for violating foreign exchange norms and failing abide by to maintain Volcker Rule.. read more


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