MAS rolls out $125 million Covid-19 support package for banks and fintechs
The Monetary Authority of Singapore has put together a S$125 million Covid-19 support package to help fintech firms and financial institutions ride out the current slump in economic activity.
FCA director speech on regulation of cryptoassets
Speech by Therese Chambers, Director of Retail and Regulatory Investigations at the FCA, delivered at The Advancement of Digital Assets and Addressing Financial Crime Risk, New York.
DTCC calls for industry-wide push to handle DLT security risks
The US Depository Trust and Clearing Corporation is floating the idea of forming an industry consortium to develop a coordinated strategy for addressing security risks in the implementation of distributed ledger technology in financial services.
US charges four members of Chinese military over Equifax hack
The US Department of Justice has charged four members of the Chinese military over the massive 2017 cyber-attack on credit reporting agency Equifax.
FS firms hit with $36bn in AML, KYC and sanctions fines since financial crisis
Financial services firms have been hit with a total of $36 billion in fines since the financial crisis for non-compliance with anti-money laundering, know your customer and sanctions regulations around the world.
Regulation and anti-competitive behaviour hitting Australian fintech
Australian fintechs have called on the Government and regulatory bodies to bring in new laws to crack down on incumbent banks, who are accused of engaging in anti-competitive practices to inhibit competition in financial services provision.
Dubai regulator takes the wraps off cyber threat intelligence sharing platform
The Dubai Financial Services Authority (DFSA) launched the first financial regulator-led Cyber Threat Intelligence Platform (Platform) in the region in collaboration with the Dubai Electronic Security Center (DESC), the National Computer Emergency Response Team for the UAE (aeCERT), the Computer Incident Response Center Luxembourg (CIRCL) and the Open Source Threat Intelligence and Sharing Platform Project (MISP).
US banks put on red alert as Iran crisis deepens
The US Government's increasingly belligerent confrontation with Iran has prompted New York's Department of Financial Services to urge banks to heighten cybersecurity precautions.
The Iranian government has vowed to retaliate against the United States for the death of Qassem Soleimani, the Middle East country's most prominent military commander.
