EY has been fined £1.2 million by the UK’s audit regulator over its work on collapsed furniture retailer Made.com. An audit engagement partner, Jule Carlyle was also fined £49,000 for her work on the company, ... (more story)

Hong Kong's banking sector remains largely unprepared for quantum computing security risks, with many institutions yet to establish formal governance or migration plans for post-quantum cryptography, according... (more story)

UK-headquartered fintech Wise has been denied a US banking license, due to concerns about its anti-money laundering defenses. The US banking regulator said it had doubts about the bank's ability to manage anti... (more story)

Visa, Mastercard and American Express have warned that the new interchange-fee caps proposed by New Zealand’s antitrust watchdog could reduce competition and innovation while failing to lower costs for consume... (more story)

Brian Johnson, President Donald Trump’s nominee to head the US Consumer Financial Protection Bureau, said he doesn’t take issue with any decisions made by acting CFPB director Russell Vought, who has been lead... (more story)

EU countries agreed on the EU's 21st sanctions package against Russia, the European Commission President said on Thursday. This extends the current $44.10 cap on the price per barrel of Russian oil for another... (more story)

US Senate Republicans circulated an updated version of a bill to govern the broader digital asset market that drew fire from banking groups and key Democrats. The Digital Market Asset Clarity Act includes the ... (more story)

Pensions provider Scottish Widows and open banking platform TrueLayer are among the companies selected for the UK Financial Conduct Authority’s second AI sandbox program, the regulator said Wednesday, as it an... (more story)