UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

UK unveils plans to regulate any service provider deemed to be ‘critical’ to its financial sector | Allen & Overy LLP

Operational resilience is a priority for the regulators of financial services in the UK. It is prominent in both the Prudential Regulation Authority’s (PRA) and the Financial Conduct Authority’s (FCA) business plans. Over the last year, the UK financial services industry has been busy implementing their regulators’ new operational resilience framework[1]; identifying and mapping important

CLSA Premium NZ to pay 0k for breaching duties as financial service provider

CLSA Premium NZ to pay $770k for breaching duties as financial service provider

The financial services company CLSA Premium NZ (CLSAP NZ) has been ordered to pay $770,00 for breaching anti-money laundering rules. Photo: 123RF The Financial Markets Authority (FMA) filed proceedings against the Hong Kong owned derivatives issuer, formerly known as KVB Kunlun, claiming that the company failed to meet its duties under anti-money laundering and countering

Hashed invests in membership-based financial service provider Hi

Hashed invests in membership-based financial service provider Hi

Hashed, a South Korean venture capital company specialized in investing in blockchain technology, on Tuesday said it has invested an undisclosed amount in Hi, a membership-powered financial service for crypto and fiat currencies. Hi was co-founded by Sean Rach, the former chief marketing officer at Crypto.com and Stefan Rust, who served as CEO at Bitcoin.com.