Tag: HM Treasury
UK Treasury gives banks new fraud prevention powers
Across the British financial services ecosystem there seems to be one word dominating conversations at the moment - fraud. The risks of fraud and...
Relief for UK economy as inflation rate holds at 2.2%
The UK inflation rate remains steady and although it remains higher than the Bank of England’s ideal rate, it is still a marked improvement...
PSR may cut reimbursement rate but scale of APP fraud remains...
The Payments Systems Regulator (PSR) is apparently going to water down its incoming rules around authorised push payment fraud (APP fraud) reimbursement.APP fraud is...
Rachel Reeves, UK Chancellor: world should ‘take another look’ at British...
UK Chancellor of the Exchequer, Rachel Reeves, has travelled to Rio de Janeiro to rally interest in British businesses, of which finance, fintech and...
HM Treasury intensifies action on APP fraud clampdown
The British government is moving to bolster the legal framework around fraud prevention, in response to an increase in Authorised Push Payment (APP) fraud.Draft...
UK Treasury and BofE move into phase two of digital pound...
The UK Treasury and Bank of England ‘are convinced that further preparatory work’ on the creation of a digital pound is justified, even if...
‘UK digital currency can’t leave people behind’ – MPs respond to...
MPs have called on the government to ensure that a digital pound does not ‘exacerbate financial exclusion’, as the UK moves towards launching a...
FCA enables UK funds to be tokenised in important milestone
Tokenisation for funds in the UK has been made possible after the Financial Conduct Authority (FCA) announced the first step in its implementation plan. Alongside...
CryptoUK believes regulation ‘key’ for the sector’s growth
In response to HM Treasury’s consultation into cryptoassets and their role in the wider financial regulatory space, CryptoUK has issued a response stating that...
UK & US authorities charge Trickbot cybercriminals over financial attacks
Seven individuals have been accused of financially motivated cyber attacks against civilian infrastructure back in 2020's COVID-19 peak.
