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MAS’ Payments Council Taskforce to develop common QR code for Singapore The Payments Council, which was established by the Monetary Authority of Singapore (MAS) recently, has set up industry taskforce to develop a common Quick Response (QR) code for Singapore (SGQR).
Policies & Regulatory Compliance > News
RBS agrees to pay $5.5bn to settle US mortgage probe Royal Bank of Scotland (RBS) has agreed to pay $5.5bn to settle probes related to the firm’s sale of mortgage-backed securities in the US.
Policies & Regulatory Compliance > News Redwood submits banking licence application to UK authorities Acorn Financial Partners, a new venture founded and led by Jonathan Rowland, announced that it has submitted a banking licence application to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Policies & Regulatory Compliance > News
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Amicus applies for banking licence in UK
Amicus Finance announced that it has submitted a banking licence application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
Policies & Regulatory Compliance > News
New £5 polymer note enters circulation in UK
By BBR Staff Writer
The Bank of England (BoE) has issued its first polymer note, the new £5 featuring Sir Winston Churchill, as part of its move to shift from paper notes to plastic.
Policies & Regulatory Compliance > News
UK competition watchdog unveils reforms for Open Banking
By BBR Staff Writer
UK competition watchdog has unveiled a package reforms to ensure that customers benefit from new technologies and smaller banks face fair competition.
Policies & Regulatory Compliance > News
Bank of Canada explores blockchain-based payment transfer system
By BBR Staff Writer
The Bank of Canada said that it is experimenting a blockchain-based payment transfer system in partnership with R3 CEV, a consortium of major global banks, and the Canadian Payments Association.
Policies & Regulatory Compliance > News
UK to face £236m cost from polymer notes
By BBR Staff Writer
Introduction of polymer notes by the Bank of England is expected to £236m to the UK economy, according to a payments intelligence firm.
Policies & Regulatory Compliance > News
ECB to end issuance of €500 note
By BBR Staff Writer
The Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series.
Policies & Regulatory Compliance > News
Federal Reserve approves Goldman Sachs' purchase of GE Capital's US online deposits
By BBR Staff Writer
Goldman Sachs Bank USA (GS Bank) has secured approval from the Federal Reserve to acquire the online deposit platform and assume the deposits of GE Capital Bank (GECB).
Policies & Regulatory Compliance > News
UBS, Deutsche Bank lose bonus tax case in UK
By BBR Staff Writer
UBS and Deutsche Bank have lost a legal battle in the UK brought by HM Revenue & Customs (HMRC) on bonus schemes designed to avoid £135m in tax.
Policies & Regulatory Compliance > News
UK watchdog extends retail banking investigation
By BBR Staff Writer
The UK's Competition and Markets Authority (CMA) has extended the deadline for its investigation into retail and small business banking sectors.
Policies & Regulatory Compliance > News
EU and Andorra sign deal to curb tax evasion
The EU and Andorra have signed a new tax transparency agreement that will make it harder for EU citizens to stash undeclared income in financial institutions in Andorra.
Policies & Regulatory Compliance > News
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