Regulation News
The European Union has reached a “political agreement” on new capital adequacy rules for banks' digital assets.
Global asset manager Schroders has teamed up with the Monetary Authority of Singapore (MAS) to develop a tokenised digital asset fund.
JPMorgan Chase has been fined $4 million by the Securities and Exchange Commission for mistakenly deleting 47 million emails, some of which the watchdog was trying to access.
Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.
The final session of EBAday 2023 covered the rise of Banking-as-a-service (BaaS). The PANEL looked at the benefits of BaaS and Payment-as-a-service (PaaS) for financial institutions and whether it will increase efficiency, or diversify revenue.
The role of the legislation is a core part of any EBAday, and this was not missing from EBAday 2023. A session on the second day of the event aimed at highting how to prepare for the European legislative landscape of the instant payments regulation and the upcoming Digital Operational Resilience Act (DORA).
