Financial Conduct Authority, Bank of England publish proposals to bolster tech resistance of the financial sector
TECHNOLOGY POWERING BUSINESS
News FCA
Binance Stops Accepting New UK Users, Citing Regulations
New regulations in the UK cited as reason for Binance decision to stop accepting new customers in United Kingdom
PayPal To Pause UK Crypto Sales Until 2024
As UK regulator readies crypto advertising rules, PayPal says it will “temporarily pause” British users from buying cryptocurrencies
FCA CEO Warns Of AI Disruption To Financial Services Sector
Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership for AI rules
ARM Disappoints UK With Decision To List Only In New York
UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing
HM Treasury Finalising Crypto Industry Rules – Report
UK's Treasury is reportedly finalising sweeping new powers for Financial Conduct Authority to properly regulate the cryptocurrency industry
UK Watchdog Warns 50 Crypto Firms Of ‘Misleading Ads’
Enforcement notices dispatched. The UK's Advertising Standards Authority puts 50 crypto firms on notice over 'misleading ads'
UK Regulator Warns Against ‘Illegal’ Crypto Cash Machines
Financial Conduct Authority warns cryptocurrency ATMs operating in UK are illegal and operators must shut them down or face enforcement action
UK To Address Marketing Of High Risk Crypto Investments
British financial watchdog says it will curb the marketing of cryptoassets and other high-risk investments, amid a surge in online adverts
FCA Expresses Concern At Lack Of Cryptocurrencies Safeguards
Financial Conduct Authority warns bitcoins and other cryptocurrencies have no intrinsic value
Financial Conduct Authority Proposes Ban On Crypto-Derivatives
FCA finds that derivatives and ETNs referencing crypto-assets are 'poor products' and too risky to be sold to retail investors
Financial Services Firms Report 1,000 Percent Rise In Cyber Incidents
Phishing and ransomware top the list of cyber-attacks reported to the Financial Conduct Authority amidst stricter transparency requirements
European Banks, Regulators Prepare Strict Regulatory Response To Facebook’s Libra
Financial Conduct Authority calls for more information, while Bank of France warns of money-laundering risks
Financial Services Report Five-Fold Rise In Data Breaches
Banks remain a lucrative target for hackers, with prosecutions lagging behind a rise in successful attacks, Financial Conduct Authority figures show
Cryptocurrency Plunge Takes Heat Off UK Regulators
Regulators and government finance officials in the UK are backing away from immediate regulatory action on cryptoassets, as investor interest cools
Regulators Consider Record-Breaking £30m Fine For Tesco Bank Hack
The 2016 incident, the first mass breach of accounts at a western bank, forced Tesco's financial arm to temporarily shut down online services and reimburse customers £2.5m
MPs Call For Regulation Of ‘Wild West’ Cryptocurrencies
Regulators must bring in a minimum of oversight to provide consumer protection and stem money-laundering, argues an influential Parliamentary committee
British Financial Regulator Opens Probe Into Equifax Breach
The Financial Conduct Authority said it has opened an investigation into the breach of 15.2 million UK citizens' records following a letter from Parliament
FCA Approves Big Data Use By Insurance Industry
But the financial watchdog warns insurers not to use Big Data to penalise certain customers with higher premiums
Financial Regulator Publishes Final Cloud Rules
The recommendations approve cloud services but recommend clear policies around where data is held