The CJEU has issued a landmark ruling that safeguards access to beneficial ownership data for trust mandates in Italy, enhancing transparency and driving greater compliance throughout the country's trust and estate sector, STEP reports
Browsing: financial regulation
Insurance Australia has reached a landmark settlement in the Greensill Federal Court case, putting an end to significant disputes linked to the collapse of the finance giant. This breakthrough marks a pivotal moment in the ongoing legal drama, Bloomberg reports
The UK government has launched bold new sanctions aimed at Russian crypto networks, determined to cut off illicit financial flows amid rising geopolitical tensions, Reuters reports. This powerful move targets Kremlin-linked digital assets, seeking to dismantle their operations and send a clear message
Once celebrated as investor darlings, Australian banks now face a stark new reality. Recent shifts in mortgage regulations have sharply curtailed lending growth, triggering a market shake-up and weighing heavily on bank shares, Reuters reports
The Bank of Canada has ramped up its risk-management standards for designated financial market infrastructures (FMIs), enhancing stability and resilience to safeguard Canada's financial system against emerging threats
Brazil has taken bold strides to strengthen its financial system by introducing a partial ban on stablecoins, restricting crypto use for cross-border payments, and limiting foreign exchange transactions, reports ledgerinsights.com
Brazil has made a bold move by banning the use of cryptocurrencies for cross-border payments, signaling a major shift toward tighter regulation in Latin America's largest economy. While this decision aims to curb financial risks, it may also slow the rapid growth of crypto adoption throughout the region
France's Carte Bancaire is set to challenge Visa and Mastercard's dominance in Europe, driving a new era of payment sovereignty and igniting innovation-all fueled by growing regulatory support, the Financial Times reveals
A mid-sized Brazilian bank has uncovered alarming flaws lurking within the country's energy sector, exposing regulatory gaps and infrastructure vulnerabilities that put Brazil's power stability at serious risk-and sparking a heated nationwide debate
Italy has hit digital banking service Revolut with a hefty €11.5 million fine for regulatory breaches. This significant penalty highlights Italy's intensifying crackdown on fintech firms, as authorities step up their push for tighter compliance across the sector
India's newest insurance regulation, introduced amid rising geopolitical tensions, could significantly slow industry growth by tightening foreign investment limits. Experts warn this change may heighten challenges for insurers already grappling with an unpredictable environment
The UK watchdog has hit Bank of London and its parent company with a hefty $2.7 million fine over serious integrity breaches, Reuters reports. The regulator pointed to major shortcomings in their compliance and risk management systems
Financial services are evolving at a breathtaking pace, fueled by bold deregulation, a wave of AI breakthroughs, and pioneering UK fraud laws. These powerful shifts unlock thrilling opportunities-and pose serious challenges-for the real economy
The Bank of Canada has ordered payments firm XTM to cease operations amid shocking revelations that millions of dollars have vanished from customer accounts, Bloomberg reports. Authorities are now launching a comprehensive investigation into the company's financial irregularities
India's BSE and brokerage stocks tumbled sharply after the Reserve Bank of India cracked down on bank lending to capital markets, delivering a strong warning amid rising fears of speculative risks, Reuters reports
The UK regulator has hit two men with hefty fines for insider trading involving Bidstack shares, Reuters reports. The Financial Conduct Authority took swift action after uncovering covert trades executed right before significant company announcements
Australia is set to enhance transparency around ownership of interests in listed entities, a bold step aimed at boosting investor confidence and safeguarding market integrity, experts from Pinsent Masons reveal
After encountering fierce resistance from India, the SEC has declared the Hague service process a failure and is now pushing the court to approve alternative methods for serving Adani-related documents, ramping up the intensity of this high-stakes legal battle
The UK government has abandoned its planned audit and governance reforms, citing soaring costs as the key factor. This decision ignites a new wave of debate about the future of corporate oversight and regulatory standards
India's landmark tax ruling targeting investments routed through Mauritius has sent shockwaves through the global investment community, igniting widespread concerns over treaty benefits and the looming threat of retroactive tax liabilities, Reuters reports