The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015.
The chairman of the UK's National Cyber Management Centre (NCMC) has warned that "a major bank will fail as a result of a cyber attack in 2017" leading to "a loss of confidence and a run on that bank".
UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.
Currency trading firm FxPro has abandoned plans for a London stock market flotation as a result of the UK regulator's plan to crackdown on the growing financial spread betting market, according to Sky News
Australia's securities watchdog has released a number of waivers that will enable eligible fintechs to test services without the need to hold an Australian Financial Service licence or to make individual applications to the regulator.
The Financial Conduct Authority (FCA) has today launched a market study to consider whether competition in the mortgage sector can be improved to benefit consumers.
The Financial Conduct Authority is preparing to crackdown on lax practices in the UK's booming crowdfunding industry after raising concerns about misleading and complex marketing and inadequate provisions for winding down when a platform goes belly-up.
The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation.
The Financial Conduct Authority (FCA) has today announced that it is seeking evidence and feedback to further inform its work on high-cost credit, including a review of the payday loan price cap.
A combination of Big Data analytics and distributed ledger technology could help financial institutions combat escalating levels of financial crime, says the chief executive of the UK's Financial Conduct Authority, Andrew Bailey.
© Finextra Research 2017