Sofia Gerace

1 week ago | mlex.com | Sofia Gerace

By Sofia Gerace ( May 28, 2025, 11:18 GMT | Insight) -- The UK financial services industry's efforts to combat Authorized Push Payment fraud have led to a significant decrease in such scams, according to UK Finance. The Payment Systems Regulator's mandatory reimbursement policy for APP fraud victims and industry investments in technology and consumer education have played a role in reducing scams.

1 month ago | mlex.com | Sofia Gerace

By Sofia Gerace ( May 6, 2025, 11:02 GMT | Insight) -- A draft proposal from the European Parliament to amend the Central Securities Depositories Regulation to enable a one-day trade settlement cycle, or T+1, shows alignment with a proposal agreed in parallel by member states. Both sides are aligned for now on an exemption for securities financing transactions from the move.

1 month ago | mlex.com | Sofia Gerace

By Sofia Gerace ( May 2, 2025, 10:22 GMT | Insight) -- The EU's financial markets watchdog has approved the plan by German fintech 360X to join the EU pilot program aimed at testing distributed ledger technology, making it the third company to participate. The EU DLT Pilot Regime began in March 2023 but has struggled to attract participants.

1 month ago | mlex.com | Sofia Gerace

By Sofia Gerace ( April 28, 2025, 16:26 GMT | Comment) -- Major UK lenders are jumping on a pro-growth bandwagon, with HSBC, Santander UK, Lloyds and NatWest urging that burdensome ring-fencing rules be ditched to let them cut costs and offer more attractive services.

1 month ago | mlex.com | Sofia Gerace

By Sofia Gerace ( April 25, 2025, 16:04 GMT | Insight) -- The chief of the Financial Conduct Authority said in a TV interview on Friday said he does not fear a "race to the bottom" prompted by Donald Trump's administration when it comes to deregulation of the financial sector.