SEC slaps 27 financial firms with fines for lax CRS filing and delivery
The Securities and Exchange Commission (SEC) settled charges with 21 investment advisors and six brokers, claiming the firms had missed regulatory deadlines and failed to “timely...
FCA urges companies to target minimum 40% women in boardrooms to boost diversity
Britain’s financial watchdog has proposed changing the rules for companies listed on the UK stock market to include a “comply or explain” requirement for...
Fireblocks hits $1bn valuation after close of Series D
Fireblocks, which claims to help financial institutions safely interact with digital assets, has closed its Series D round on $310, bringing its valuation to more than $2bn.
UK financial institutions spend an average of £374k annually on preventing financial crime, study...
Financial crime prevention costs UK financial institutions an average of £374k every year, according to new research from global legal company, DWF.
The European Banking Authority seeks comments on identification of shadow banking entities
The European Banking Authority has launched a public consultation on its proposed changes to regulatory technical standards (RTS) for identification of shadow banking entities for reporting large exposures.
Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations
Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.
How banks can offset their carbon emissions amid the current climate crisis
With the impending risk of climate change and its economic and financial impact, environmental sustainability has become a societal responsibility and business reality. However, financial institutions must do more to incorporate sustainability into their business strategies.
Survey finds SFTR is leading to regulatory reporting consolidation
A survey conducted by IHS Markit and Pirum has found over 70% of regulatory respondents plan to consolidate their diverse reporting processes under a single platform.
UBS hit with $8m SEC fine over volatility-tied compliance failures
UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise...
Clausematch survey details accelerated RegTech growth during the pandemic
A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.
