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)

Chinese Regulators Take Over Nine FIs
Chinese Regulators Take Over Nine FIs
July 17, 2020  |  International

Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported...

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Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
Germany’s BaFin Deepens Investigation Into Potential Wirecard Insider Trading
July 15, 2020  |  Security & Fraud

BaFin is broadening its probe regarding potential insider Wirecard stock trading to encompass all those who served on the supervisory and management boards of the payment firm...

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
July 05, 2020  |  Retail

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. In updated...

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NY, CA Governors Push For Tighter State Financial Regulation
NY, CA Governors Push For Tighter State Financial Regulation
March 16, 2020  |  Consumer Finance

New York and California governors are concerned about careless federal supervision of the financial sector and are advocating for increased state regulatory power, The Wall...

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Pressure Mounts For India NBFCs As Reliance Capital Exits Lending Business
Pressure Mounts For India NBFCs As Reliance Capital Exits Lending Business
October 01, 2019  |  B2B Payments

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC),...

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Marketplace Lenders Navigate The Choppy Waters Of Compliance
Marketplace Lenders Navigate The Choppy Waters Of Compliance
September 25, 2019  |  B2B Payments

Regulators the world over are beginning to take a closer look at the alternative and marketplace lending business model. An explosion of FinTechs looking to...

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Pressure Mounts On Big Four Auditors
Pressure Mounts On Big Four Auditors
August 07, 2019  |  B2B Payments

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according...

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UK’s FRC Triples Fines Against Big Four Accountants
UK’s FRC Triples Fines Against Big Four Accountants
August 01, 2019  |  B2B Payments

The U.K.’s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year...

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UK Financial Watchdog Ramps Up Auditor Oversight
UK Financial Watchdog Ramps Up Auditor Oversight
May 28, 2019  |  B2B Payments

U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over...

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