The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.
UK regulators have levied a £48.6 million fine on the TSB for a bungled IT migration programme in 2018 that locked customers out of their accounts for weeks and led to months of ongoing technical problems.
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 16 December to endorse a finalised prudential standard on banks' cryptoasset exposures and the Committee's work programme and strategic priorities for 2023–24.
The EY organization today announces an alliance between TaxBit, an industry-leading tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) to help organizations meet tax reporting requirements for digital assets.
DPA SmartCloud IFSC Private Limited, a wholly owned subsidiary of Decimal Point Analytics (DPA), has become India's first ever fintech start-up to be authorised as a ‘Fintech Entity' by the International Financial Services Centres Authority (IFSCA),the omnibus regulator of the financial SEZ at Gift City, Gujarat.
The EY organization today announces an alliance between TaxBit, an industry-leading tax and accounting technology provider for cryptocurrency and other digital assets (e.g., non-fungible tokens (NFTs)), and Ernst & Young LLP (EY US) to help organizations meet tax reporting requirements for digital assets.
Cerved, the Italian leader in credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, to deliver a new service on the Italian market designed to help Italian businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD, and SFDR). This agreement broadens Cerved's range of environmental, social and governance (ESG) services, which are developed in synergy with the Cerved Rating Agency, the Italian rating agency that specialises in both credit ratings of non financial companies and sustainability ratings of companies and financial institutions.