UK to continue work on digital pound, but “no final decision has been made” on a potential launch
HM Treasury and the BoE have responded to a public consultation initially launched last February.
HM Treasury
UK government publishes findings from the Future of Payments Review
Commissioned by the UK chancellor and launched in July this year, the report has been authored by Joe Garner.
HM Treasury sets out phased regulatory approach for stablecoins
Legislation covering “activities relating to fiat-backed stablecoins” will arrive early next year.
Bank of England forms CBDC Academic Advisory Group for proposed digital pound
The formation of the AGG will ensure that the digital pound can be “accelerated” if given the green light.
Fintechs call on UK government to put an end to hidden fees in cross-border payments
15 fintechs including Wise, Monzo, Revolut and Klarna have penned an open letter to UK chancellor Jeremy Hunt.
NatWest buys back shares worth £1.26bn from the UK government
The sale is the sixth block sale of shares since it rescued the bank during the financial crisis of 2008.
FinTech Futures: Top five stories of the week – 7 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK government delays plan to sell NatWest shares by two years
Rather than offload a 15% stake in the group this year, HM Treasury has pushed the date back to August 2025.
HSBC snaps up beleaguered Silicon Valley Bank UK for £1
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
FinTech Futures: Top five stories of the week – 10 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bank of England and HM Treasury outline case for digital pound
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
FinTech Futures: Top five stories of the week – 3 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK government to strengthen rules around crypto
The government will strengthen rules for crypto trading platforms and crypto lending in line with traditional finance.
UK and Singapore strengthen fintech ties
The two countries signed an MoU to remove regulatory barriers to fintech trade.
BNPL regulation by UK gov set to “protect millions”
Lenders offering BNPL services will need to be approved by the Financial Conduct Authority (FCA).
UK takes first steps towards CBDC with launch of new taskforce
The taskforce will now set out to identify the UK’s use cases for a CBDC.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
UK government launches review to boost fintech sector
The review intends to establish priority areas for industry, policy makers, and regulators.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
UK government appoints fintech envoy for Northern Ireland
Andrew Jenkins to become lead ambassador for fintech in the country
Incuto partners HM Treasury to boost credit union membership
The fintech enables credit unions to digitise their services.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
UK fintech and FIs get dating guide
New guidelines aim to accelerate fintech growth.
Fintech Connect Live 2017: the unleashing of AI and ML
Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
UK bans surcharging, load fees could be at risk
The UK’s HM Treasury is banning surcharges on credit and debit card payments. For prepaid card providers, the new rules put significant fee income related to card-loading at risk, according to Polymath Consulting. Banking Technology‘s sister publication Paybefore reports that the HM Treasury is putting an end to “rip-off” fees related to paying with a […]
FCA sets out terms for probe into corporate and investment banking
The UK’s Financial Conduct Authority’s study into competition in investment and corporate banking will focus on choice, transparency, bundling and cross-subsidisation in debt and equity capital markets, mergers and acquisitions and acquisition financing. It will also consider links between competition in these primary market services and related activities such as corporate lending and broking, and ancillary services.
