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Latest Results from /regulation

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NextGen: AI: Finding the right strategies to overcome AI limitations

The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.

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FCA fines Macquarie Bank for fictitious trades

The FCA has fined the London branch of Macquarie Bank £13 million for "serious failings" that allowed one of its employees to record over 400 fictitious trades.

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NextGen:AI: Legislation should facilitate UK AI development - Lord Holmes

Kicking off Finextra’s inaugural NextGen AI conference at Convene Sancroft in London, was Lord Chris Holmes of the UK House of Lords in his headline keynote titled: ‘AI in 2024: At the Edge’.

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MPs launch excoriating attack on the FCA

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as 'incompetent at best, dishonest at worst', in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

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Crypto ownership continues to rise in the UK

More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.

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CFTC recommends expansion of non-cash collateral through DLT

The Commodity Futures Trading Commission (CFTC) has recommended the expansion of the use of non-cash collateral through the use of distributed ledger technology (DLT) by its Global Markets Advisory Committee (GMAC).

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NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

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Esma calls for 2027 EU T+1 migration

The European Securities and Markets Authority (Esma) has called for the EU to migrate to a T+1 settlement cycle by October 2027, ensuring coordination with the UK.

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AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

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CFPB expands oversight of Big Tech payment apps

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.

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Sweden's Riksbank presents case for modernisation of retail payments infrastructure

Sweden's central bank says the country's retail payment infrastructure needs to be modernised to accommodate more instant payments and third party access to payment and settlement rails.

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Lifting of BaFin restrictions boosts growth at N26

The lifting of restrictions by German wathdog BaFin on N26 has led to a surge in demand that has helped the digital lender to record its first quarterly profit.