financial regulation

Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization.

Source: en.wikipedia.org

China’s Central Bank Fines Alipay

China’s Central Bank Fines Alipay
China’s Central Bank Fines Alipay
August 07, 2018  |  Cross-border Payments

Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank of China. According...

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Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
Treasury Finds Promise In, Urges Regulation Across, FinTech Landscape
August 06, 2018  |  Legal & Regulation

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change...

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Bipartisan Policy Center Report Urges Small Business Financial Reforms
Bipartisan Policy Center Report Urges Small Business Financial Reforms
August 01, 2018  |  Legal & Regulation

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of small businesses (SMBs)...

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Watchdog Says Its Hands Are Tied; Takes No Action Against RBS
Watchdog Says Its Hands Are Tied; Takes No Action Against RBS
August 01, 2018  |  B2B Payments

The Royal Bank of Scotland (RBS) will not face enforcement action by the U.K. Financial Conduct Authority (FCA), according to Reuters reports on Tuesday (July...

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New Survey Shows Vast Amount Of Americans Support CFPB
New Survey Shows Vast Amount Of Americans Support CFPB
July 31, 2018  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) may be hated by Republicans and the Trump White House, but it turns out to have strong support among...

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SEC Questions India’s ICICI Over Accounting Practices
SEC Questions India’s ICICI Over Accounting Practices
July 30, 2018  |  B2B Payments

The U.S. Securities and Exchange Commission (SEC) is reportedly seeking information from India’s ICICI Bank on its accounting and corporate governance practices, reports in Bloomberg...

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Trump CFPB Pick Questioned On Consumer Finance Experience
Trump CFPB Pick Questioned On Consumer Finance Experience
July 20, 2018  |  Legal & Regulation

President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19)....

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CFPB Names Paul Watkins From AZ AG Office As Innovation Head
CFPB Names Paul Watkins From AZ AG Office As Innovation Head
July 19, 2018  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. “I am delighted...

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