UK regulator finds five payment companies breaching competition rules
Among the five, three firms admitted their violation of competition rules and agreed to pay penalties of more…
Industry News
FCA starts criminal proceedings against NatWest
18 Mar 21The FCA has brought criminal proceedings against NatWest under regulation 45 of MLR 2007
ECB publishes guide on method of determining penalties for regulatory breaches
03 Mar 21Publication of guide increases transparency of ECB supervisory policies and practices
EIB Group and BNP Paribas launch new securitisation operation to support French companies facing the consequences of the Covid-19 crisis
08 Jan 21The financing operations may take the form of bank loans or leasing transactions
Trump signs executive order to ban transactions with eight Chinese apps
07 Jan 21The apps include Alipay, CamScanner, QQ Wallet, Tencent QQ, and WeChat Pay
FCA fines TFS-ICAP £3.44 million for market misconduct
24 Nov 20TFS-ICAP did not react to warning signs that printing might be taking place or act to address the…
ION to sell Broadway’s fixed income unit to resolve competition concerns
11 Nov 20The competition concerns were raised by the UK watchdog after it launched initial investigation into the merger of…
UK retailers urge government to tackle excessive card costs
21 Oct 20Last year, cost to the UK retailers for accepting payments reached £1.1bn, of which £950m were from card…
Tech Nation launches Fintech Pledge to support UK fintech industry
15 Sep 20Barclays, Lloyds Banking Group, HSBC, NatWest Group, and Santander are the early signatories of the Fintech Pledge
Indian public sector banks introduce doorstep banking services
10 Sep 20Financial services under the doorstep banking service will be offered from next month