Financial Services

Providers of blockchain-based identity and document verification tools, including digital wallets, could face additional General Data Protection Regulation duties when sharing data about people they can't identify under EU...(read more)

Israel’s election puts political stability, legal certainty and sanctions risk in focus for tech investors. Businesses seek predictable rules and international partnerships, while experts warn cryptocurrency and closer Chi...(read more)

Following a government report last week on banks’ denial of services to politically conservative clients, US regulators are investigating rule compliance among the banks in the report and are considering rules to protect f...(read more)

When Bank of America designed and implemented a transaction monitoring system in 2010, the bank had described the program as the first of its kind in the industry, according to documents released Tuesday by the US Treasury...(read more)

EU countries could retain the power to set administrative penalties for breaches of securitization due-diligence requirements, under a compromise being considered ahead of negotiations between EU governments and lawmakers ...(read more)

Significant cryptoasset service providers would come under ESMA's direct supervision, and smaller ones could opt for EU-level oversight, under a compromise proposed as part of lawmakers' scrutiny of the EU capital markets ...(read more)

A major deal on centralizing significant EU market entities was reached on Friday among EU finance ministers. The agreement narrows the proposed scope of entities transferred to ESMA, including trading venues, and weakens ...(read more)

Significant market infrastructures such as trading venues, clearinghouses and central securities depositories would be supervised by the EU watchdog, as well as significant crypto-asset services providers, under a compromi...(read more)