cma

UK Financial Watchdog Says HSBC Breached Open Banking Rule

UK Financial Watchdog Says HSBC Breached Open Banking Rule
UK Financial Watchdog Says HSBC Breached Open Banking Rule
April 28, 2022  |  Legal & Regulation

The U.K.’s Competition and Markets Authority said HSBC UK has breached open banking provisions set out in the Retail Banking Market Investigation. Get the Full...

READ MORE >
Meta Challenges Order to Kill $315M Deal to Acquire Giphy
Meta Challenges Order to Kill $315M Deal to Acquire Giphy
April 25, 2022  |  ANTITRUST

Meta Platforms Inc. is fighting allegations by the United Kingdom’s antitrust watchdog that the tech giant is violating anticompetitive rules, Bloomberg reported Monday (April 25)....

READ MORE >
EMEA Daily: Regional Central Bank Alliances May Shape the Digital Dollar’s Future; Amsterdam Startup ParkBee Closes $33M Financing Deal
EMEA Daily: Regional Central Bank Alliances May Shape the Digital Dollar’s Future; Amsterdam Startup ParkBee...
March 22, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, the Swiss-based Bank for International Settlements has completed trials of blockchain-based platforms, while Dutch startup ParkBee...

READ MORE >
EMEA Daily: UK Regulator Orders Barclays to Correct Breaches; Russian Court Rules Meta an ‘Extremist’ Organization
EMEA Daily: UK Regulator Orders Barclays to Correct Breaches; Russian Court Rules Meta an ‘Extremist’...
March 21, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, the U.K.’s banking regulator has ruled that Barclays Bank UK Plc has failed to make available...

READ MORE >
UK Regulator Orders Barclays to Correct Breaches
UK Regulator Orders Barclays to Correct Breaches
March 21, 2022  |  Bank Regulation

The United Kingdom’s banking regulator has ruled that Barclays Bank UK Plc has failed to make available accurate, comprehensive and timely information on its products...

READ MORE >
UK’s CMA Clarifies Variable Recurring Payments to Foster Open Banking
UK’s CMA Clarifies Variable Recurring Payments to Foster Open Banking
March 15, 2022  |  Bank Regulation

In July 2021, the U.K. Competition and Markets Authority (CMA) mandated the use of variable recurring payments (VRPs) as a mechanism to allow the automatic...

READ MORE >
EMEA Daily: Revolut CRO Leaves to Start Crypto Platform; FCA Pulls Plug on UK Crypto ATMs
EMEA Daily: Revolut CRO Leaves to Start Crypto Platform; FCA Pulls Plug on UK Crypto...
March 11, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, Revolut’s chief revenue officer is planning on leaving the U.K.-based financial company to launch a cryptocurrency...

READ MORE >
UK’s Open Banking Chief Calls on Regulators to Streamline, Accelerate the Technology 
UK’s Open Banking Chief Calls on Regulators to Streamline, Accelerate the Technology 
February 24, 2022  |  Banking

The leader of United Kingdom’s open banking organization has called on regulators to accelerate debut of the technology. Get the Full Story Complete the form...

READ MORE >