Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. This ruling followed enforcement proceedings opened by FINMA in December 2021 and focused on the financial institution’s banking relationships with two unnamed politically exposed persons, FINMA said...
Switzerland’s top market regulator on Wednesday (June 22) pushed for regulators to do more to protect cryptocurrency investors from abuse in the $890 billion market that’s been plummeting for a week or so, according to a Reuters report. The call to action is the latest...
Today in TechREG, the Bank of England deputy governor compared the crypto crash with the dot-com bubble, saying that some of the crypto companies that survive now may become the future Amazon or eBay. Meanwhile, Google reached an agreement with the French competition authority to...
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s proposed Libra, CoinDesk reported. Valdis Dombrovskis, the EU’s executive vice president of the European Commission for an Economy that Works for...
October 15, 2024
Swiss financial market supervisory authority FINMA will require UBS to revise its recovery and emergency plans due to the bank’s June 2023 takeover of Credit Suisse. The regulator has suspended the annual approval of UBS’ recovery and emergency plans and expects the bank to further develop those plans, FINMA said in a Tuesday (Oct. 15) […]
June 18, 2024
Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. This ruling followed enforcement proceedings opened by FINMA in December 2021 and...
June 22, 2022
Switzerland’s top market regulator on Wednesday (June 22) pushed for regulators to do more to protect cryptocurrency investors from abuse in the $890 billion market that’s been plummeting for a...
June 28, 2020
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s proposed Libra, CoinDesk reported. Valdis Dombrovskis,...
