The DFSA has given seven fintech firms the go ahead to apply for an innovation testing licence in Dubai to further develop their solutions.

A regulatory consultancy has found that most firms conducting internalised securities transactions covered by CSDR are unaware that its reporting requirements apply to them.

PBoC cuts reserve requirements by 1% for banks to help sustain domestic economy and to ensure sufficient liquidity for the Chinese New Year celebrations.

ECB places small Italian bank into temporary administration after it fails to gain shareholder support for a recapitalisation.

Two US regulators have said that US banks can withstand market volatility, while one of them confirmed that CAMELS is to be reviewed.

The EU’s Open Banking regime has handed an advantage to the big tech firms seeking to enter the financial services market, according to a survey published by digital bank, Pepper

The European Council has decided that larger investment firms will be subject to greater regulatory requirements while those based in third countries and operating in the EU will see more intrusive oversight from the Union

The rapid growth in initiatives across the EU designed to foster fintech has prompted the three European Supervisory Authorities to release a paper on best practices and also to signal that they are considering coming up with a common EU approach to the sector