Tradeweb, MarketAxess’ Trax, Bloomberg, NEX Regulatory Reporting and TRADEcho all received APA authorisation.
First non-bank entity to receive approval as full depositary.
Low profit margins and long contracts between banks and investment managers are impacting the competitiveness of the custody space, according to the FCA.
UK authority outlines concerns with regulating blockchain technology within new consultation paper.
Technology has created grey areas regulators are now forced to navigate.
FCA issues largest ever fine for anti-money laundering after Deutsche Bank fails to prevent billions being transferred out of Russia.
Major blockchain companies including SETL are leading the first group of FinTech firms joining the FCA’s regulatory sandbox.
The UK’s FCA has processed 24 out 69 successful applicants for its sandbox, who will move on to testing soon.
Regulator’s fintech sandbox working with several blockchain specialists.
The FCA’s role remains unchanged post-Brexit as it expects firms to continue with plans for EU regulation.