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The GIFT International Financial Services Centre ('GIFT IFSC') established in Gandhinagar, Gujarat is India's first international financial services centre with the intent of catering to global MNCs and financial institutions [...]

The GIFT International Financial Services Centre ('GIFT IFSC') established in Gandhinagar, Gujarat is India's first international financial services centre with the intent of catering to global MNCs and financial institutions [...]

WASHINGTON -- The following information was released by the Comptroller of the Currency: The Federal Deposit Insurance Corporation, the Federal Reserve Board, the Florida Office of Financial Regulation, the National [...]

In Québec, the Regulation respecting complaint processing and dispute resolution in the financial sector (the Regulation) comes into effect on July 1, 2025. This regulation follows the consultation that the [...]

Corporate taxes: Overview Corporate taxes in Italy were reduced starting in tax year 2017. The average corporate tax rate in Italy (imposta sul reddito delle società) is 24%. A rate [...]

Byline: By, Rebecca Speare-Cole, PA sustainability reporter & Lawrence Matheson Financial organisations and firms are being told to ensure retail investors receive correct and accurate information about sustainability, as a [...]

BANKING AND CREDIT NEWS-August 19, 2024--South Korea could ease network separation rules on financial firms (C)2024 M2 COMMUNICATIONS http://www.m2.co.uk Global Banking News - 19 August 2024 The administration in South [...]

M2 EQUITYBITES-August 19, 2024--South Korea could ease network separation rules on financial firms (C)2024 M2 COMMUNICATIONS http://www.m2.co.uk Global Banking News - 19 August 2024 The administration in South Korea is [...]

1. Legal and enforcement framework 1.1 Which legislative and regulatory provisions and codes of practice primarily govern corporate governance in your jurisdiction? The Company Rulebook - issued on 7 February [...]

Key Highlights: * CMF provides parameters for content dissemination on social networks as investment advisory service. * CMF updates FAQs related to General Character Standard (NCG) 502 for financial service [...]

1. Regulatory Updates 1.1. India 1.1.1. RBI releases June 2024 Financial Stability Report Reserve Bank of India ('RBI') has published its 29th Financial Stability Report dated June 27, 2024, assessing [...]

RICHMOND, Va., July 1, 2024 /PRNewswire/ -- House Bill 692, or ' https://c212.net/c/link/?t=0&l=en&o=4202482-1&h=564284307&u=https%3A%2F%2Flarryslaw.org%2F&a=Larry%27s+Law,' took effect today in Virginia. Larry's Law lays the groundwork for financial institutions to train their employees [...]

Washington, D.C: American Bankers Association has issued the following news release: A proposed rule requiring financial institutions and other 'critical infrastructure' businesses to report cyber incidents and ransomware payments to [...]

Kentucky House Bill 726 (the 'Act'), relating to the regulation of financial institutions, was signed into law by Kentucky Governor Andy Beshear on April 9, 2024. The Act will go [...]

On April 30, the federal government (the Government) tabled the Budget Implementation Act, 2024, No. 1 (the Bill), which was tabled as a Notice of Ways and Means Motion on [...]

The Ministry of Finance, together with the Bank of Lithuania, has prepared and submitted for re-coordination with other institutions several draft amendments to the laws, which will establish new operational [...]

On February 23, 2024, Judge Katherine Polk Failla of the United States District Court for the Southern District of New York largely denied a motion to dismiss a putative class [...]

On February 15, 2024, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a long-anticipated Notice of Proposed Rulemaking (NPRM) to impose comprehensive anti-money laundering (AML) and [...]

On February 15, the Financial Crimes Enforcement Network (FinCEN) published on the Federal Register a notice of proposed rulemaking1 that would add 'investment adviser' to the definition of 'financial institution' [...]

London: The University of Strathclyde has issued the following news release: A first-of-its-kind innovation challenge is bringing together financial institutions and innovators across the Scottish Fintech community to develop solutions [...]

Despite being one of the most active and preferred countries for crypto service providers and crypto asset projects, Turkey has not regulated the crypto market, yet. This is about to [...]

Geopolitics, macroeconomic trends, volatility, and increased regulation have continued to shape the environment for alternative investment funds. Meanwhile, the Cayman Islands continues to be recognised worldwide as an international financial [...]

ORLANDO, Fla: PAARC Consulting has issued the following news release: Former regulator and financial services executive announces the launch of PAARC, a consulting firm that provides strategic advisory, product development, [...]

ORLANDO, Fla., Jan. 9, 2024 /PRNewswire/ -- Former regulator and financial services executive announces the launch of PAARC, a consulting firm that provides strategic advisory, product development, licensing, regulatory compliance, [...]

Nairobi, Dec. 21 -- The stability of any financial market is dependent on an effective regulatory framework. Effective financial market regulations should foster competition, protect consumers, preserve the stability of [...]

Introduction In the dynamic and ever-evolving domain of financial services, the legislative framework governing payment services plays a pivotal role in shaping the operational landscape for financial institutions. This article [...]

WASHINGTON -- The following information was released by the American Financial Services Association (AFSA): Earlier this week AFSA encouraged other trade organizations to join a letter requesting that President Joe [...]

As a result of the Government's proposed amendments to the Act on Currency Exchange and Other Financial Services (1996:1006) ('LVA'), the Swedish Financial Supervisory Authority has produced a proposal for [...]

In response to the increased use and purchase of artificial intelligence (AI) and AI-enabled products, President Biden's AI executive order (EO) instructs federal agencies to enact safeguards and protections in [...]

FS Vector will offer FairPlay's 'fairness-as-a-solution' products to clients, allowing fair lending to be embedded into financial platforms LOS ANGELES, Sept. 20, 2023 /PRNewswire/ -- https://c212.net/c/link/?t=0&l=en&o=3973958-1&h=2133171847&u=https%3A%2F%2Ffairplay.ai%2F&a=FairPlay, the world's first Fairness-as-a-Service[sup.(TM)] [...]

Corporate taxes: Overview Corporate taxes in Italy were reduced starting in tax year 2017. The average corporate tax rate in Italy (imposta sul reddito delle società-IRES) is 24%. A rate [...]

London: UK Parliament has issued the following written answer: Answer Andrew Griffith Answered on 6 July 2023 The Government recognises the importance of transparency with regards to consumers and businesses' [...]

CAPE TOWN: Vantage has issued the following news release: Vantage (or 'Vantage Markets'), the global multi-asset broker, is pleased to announce it has obtained a derivatives license issued by the [...]

Vantage (or Vantage Markets), the global multi-asset broker, is pleased to announce it has obtained a derivatives license issued by the Financial Sector Conduct Authority (FSCA) in South Africa. The [...]

On March 28, 2023, the Federal Government announced its Budget 2023, which included a number of proposed legislative actions applicable to financial institutions (see our Budget 2023 bulletin). Unfortunately, one [...]

The State of New York passed a law in December 2020 - the Commercial Finance Disclosure Law ('CFDL'), with an effective date of June 2021 - that prescribed required disclosures [...]

London: The Bank of England has issued the following press release: In this Consultation Paper (CP), we - the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) - [...]

LONDON -- The following information was released by the Bank of England: Overview In this Consultation Paper (CP), we -- the Financial Conduct Authority (FCA) and the Prudential Regulation Authority [...]

M2 EQUITYBITES-May 5, 2023-Vantage Gains FSCA License to Operate in South Africa (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Multi-asset broker Vantage has obtained a derivatives license issued by the Financial Sector Conduct [...]

BANKING AND CREDIT NEWS-May 5, 2023-Vantage Gains FSCA License to Operate in South Africa (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Multi-asset broker Vantage has obtained a derivatives license issued by the Financial [...]

WASHINGTON: Latham & Watkins has issued the following news release: Latham & Watkins LLP1 is pleased to announce that Aaron Gilbride has joined the firm's Washington, D.C. office as a [...]