In its regulation round-up, the UK’s FCA announced that it had completed a review of retail banks’ use of outsourcing.
Applies to arrangements after June 2019
Financial institutions can employ measures to ensure smooth onboarding for fintech partners.
While other regulators are still in “wait and see” mode the Swiss Financial Market Supervisory Authority has published guidelines on ICOs.
There’s increasing demand for best practices, codes of conduct and self-regulatory frameworks to be developed. And there are signs that the sector is responding.
From 13 January 2018, for the first time banks will be required to open up customer data to third party providers.