EU slaps £319m fine on UBS, Nomura and UniCredit for bond cartels
The EU’s antitrust office has fined UBS Group, Nomura Holdings and UniCredit £319m for participating in a European Government Bonds (EGB) trading cartel.
FCA extends SCA deadline to lessen consumer, merchant impact
The Financial Conduct Authority (FCA) has extended the introduction of strong customer authentication (SCA) rules till March 2022 to reduce disruption to consumers and merchants.
US trade report highlights challenges for bolstering financial inclusion
A new report by six US trade groups has underlined the obstacles and solutions for boosting financial inclusion and access across the US.
EBA publishes findings of EU-wide bank climate risk exercise
The European Banking Authority (EBA) has published the findings from its first EU-wide pilot exercise on banks’ exposures to climate risk.
Chinese associations call for crypto crackdown citing safety concerns
Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.
ECB warns banks instant payment levies are hindering uptake
The European Central Bank (ECB) has issued a warning to banks that charges levied for instant payments are proving a barrier to uptake
Stripe acquires fraud prevention expertise with Bouncer purchase
Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.
More vigorous action needed on money laundering, BaFin tells Deutsche Bank
German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.
UK passes bill aimed at protecting against harmful foreign investments
The UK government has passed a bill that would give it the ability to intervene in foreign direct investments that could negatively impact the country.
Stripe eyes bolstered internet firm tax compliance through TaxJar purchase
Payments giant Stripe has entered into an agreement to purchase sales tax software enterprise TaxJar to improve tax compliance rates for internet firms.
