uk

AI Oversight Gets Targeted Push in US, Malaysia and UK
AI Oversight Gets Targeted Push in US, Malaysia and UK
December 18, 2024  |  Artificial Intelligence

Congress urges industry-specific AI oversight in its first comprehensive framework, while Malaysia launches a National AI Office to steer its tech regulation ambitions. The U.K....

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UK Aims to Regulate AI’s Use of Copyrighted Materials
UK Aims to Regulate AI’s Use of Copyrighted Materials
December 17, 2024  |  Artificial Intelligence

The British government is preparing to regulate the use of copyrighted material in training AI. The U.K. on Tuesday (Dec. 17) began a consultation designed to provide...

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UK’s FCA Seeks Comment on Proposed Cryptocurrency Regulations
UK’s FCA Seeks Comment on Proposed Cryptocurrency Regulations
December 16, 2024  |  Cryptocurrency

The United Kingdom’s Financial Conduct Authority is seeking public comment on its plans to improve the transparency of the country’s cryptocurrency markets. The FCA’s request...

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UK Publishes Safety Rules for Online Service Providers
UK Publishes Safety Rules for Online Service Providers
December 16, 2024  |  Legal & Regulation

The United Kingdom’s internet regulator issued final safety guidelines for online service providers. “People in the U.K. will be better protected from illegal harms online,...

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FIS Reportedly Spending $300 Million to Buy UK FinTech Demica
FIS Reportedly Spending $300 Million to Buy UK FinTech Demica
December 16, 2024  |  Partnerships

FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky...

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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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Basel Committee Debuts Credit Risk Guidelines for Banks
Basel Committee Debuts Credit Risk Guidelines for Banks
December 11, 2024  |  Banking

A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. The regulations issued by the Basel Committee on Banking Supervision replace the...

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Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
December 10, 2024  |  Legal & Regulation

A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were...

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