Global
UBS fined with USD 1.5 mln for compliance breaches by Hong Kong regulator
Swiss bank UBS has been fined USD 1.5 million by Hong Kong’s securities regulator for failing to disclose its holdings in some companies covered in ...
Global
UK reveals next step in plans to govern use of digital identities
The UK government has published the second version of its digital identity trust framework which is part of plans to make it faster ...
Global
Central Bank of Iran increases the credit card limit
The Central Bank of Iran (CBI) has increased the credit card limit by four times allowing banks to offer up to USD 8,000 in credit. ...
Global
Ernst & Young, auditors to pay over $10 M to settle SEC charges
Accounting firm Ernst & Young LLP, a partner and two former employees agreed to pay more than $10 million to settle U.S. Securities ...
Global
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands
Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. ...
Global
Amazon bags record $886.6 million European Union data fine
Lately, tech companies are getting a lot of sticks from regulators globally due to data violations. Tech companies in China like Alibaba, Didi ...
Global
Baraka raises $4 million seed, launches investment app to connect retail investors in Middle East with US markets
Dubai-based fintech Baraka has raised $4 million in a seed round from Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, Nuwa Capital, ...
Global
European Banking Authority 2021 stress level shows capital base increase by banks
The European Banking Authority (EBA) has published the results of its 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries, ...
Global
Philippines: Peppermint gets granted financial lending licence
Securities Exchange Commission in the Philippines has granted Peppermint a financial lending licence, allowing it to offer alternative non-bank micro-enterprise loans. The financial lending service – ...
Global
Brazil: BCB publishes details about Open Banking phase 2
The Central Bank of Brazil has published a new set of dates and details regarding the country’s push towards phase 2 of Open Banking. Information on the ...
