Financial regulation

Business

Cross-border payments still not easy enough, says Revolut Europe CEO

Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe.

25/11/2024

Europe News

EU must keep 'urgency' of digital euro process, says ECB project lead

Evelien Witlox, project director for the digital euro at the European Central Bank, discusses how the proposal is progressing, how the currency would work in practice, and what the key concerns are at this stage.

21/11/2024

Business

Volkswagen faces hefty fine for mistreatment of UK customers

The UK's financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers "without considering other options".

21/10/2024

Economy

Banks unprepared for next financial crisis, warns new report

Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.

24/09/2024

Business

Green securitisations can boost lending: French central bank

The controversial financial instruments are finding favour again as policymakers switch priorities from stability to growth.

04/09/2024

Business

Plans for a new EU financial data wire raise fears of a new monopoly

Some are sceptical about a Brussels plan to boost capital market transparency and investment.

04/09/2024

Business

Revolut CEO hopeful that UK banking licence is coming soon

The fintech company saw record full-year pre-tax profits in 2023, and hopes that will help convince the UK authorities to grant it a banking licence.

02/07/2024

Europe News

Cryptocurrency law coming in: Prepare for a bumpy ride

New Brussels legislation seeks to put an end to scams and turmoil that have characterised markets like bitcoin, but few if any seem set to comply.

24/06/2024

Europe News

President Michel looks to capital markets to solve economic woes

A summit next week could look at alternatives to bank finance in a bid to boost Europe’s fortunes – but previous attempts haven’t met with much success.

12/04/2024

Europe News

Judges retarget bank-rescue fund, ruling 2022 subscription unlawful

The EU’s €78bn Single Resolution Fund is meant to avoid a repeat of 2008-style taxpayer banking bailouts, but faced a string of legal problems.

10/04/2024

Europe News

Brussels bids to improve citizens’ financial savvy

Poor understanding of personal budgeting and financial markets has both social and economic costs, officials believe.

21/02/2024

Europe News

MEPs approve measures to tackle impersonation scams

New EU rules aim for easier access to cash with fairer charges, Poland’s Marek Belka said.

14/02/2024

Business

Bank crisis fund is now full, agency chief says

Eurozone banks have been pouring billions a year into a controversial EU fund designed to limit taxpayer bailouts – but it still might not be enough, a senior official said.

13/02/2024

Business

Controversial post-Brexit EU clearinghouse law finalised

A new EU law agreed early this morning compels banks to use domestic financial infrastructure – but not everyone’s happy.

07/02/2024

Money

Finfluencers warned over investment advice

Social media promotions may breach EU rules against financial-market abuse, ESMA said.

06/02/2024

Business

Financial crime compliance: Trends to watch in 2024

Euronews Business looks at LexisNexis Risk's assessment of the top trends for financial crime compliance that are likely to emerge this year

03/01/2024

Business

European governments seek to unshackle from UK financial infrastructure

The EU is worried continual dependence on London-based financial clearing houses jeopardises bank stability

06/12/2023

Business

KPMG fined record £21 million for Carillion audits

The fine is the highest ever handed down by the UK's Financial Reporting Council.

12/10/2023

Tech News

Musk may be forced to testify in regulators probe into his X takeover

Regulators in the US are seeking a court order that would compel Musk to testify in their investigation into his purchase of Twitter, now called X.

06/10/2023

Money

Coinbase becomes latest target of a SEC lawsuit amid crypto crackdown

The lawsuit filed by the SEC comes a day after Binance, the world's largest crypto exchange, was also hit by legal action by US regulators.

06/06/2023