REX, Qualia partner

The real estate technology company REX is partnering with Qualia to power its title and escrow operations, both companies announced. REX said the partnership with Qualia consolidates its closing process and enables growth of its title and escrow capabilities without sacrificing efficiency or security.

ESMA updates Guidelines on written agreements between CCP college members

ESMA updates Guidelines on written agreements between CCP college members Thursday 21 January 2021 11:00 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the final report on its revised Guidelines regarding written agreements between members of CCP colleges. The revised Guidelines take into account changes to composition, functioning … Read more

Capital One assessed $390M in penalties by FinCEN

The Financial Crimes Enforcement Network (FinCEN) has assessed Capital One $390 million in civil money penalties for violating the Bank Secrecy Act both willfully and negligently. “Capital One’s egregious failures allowed known criminals to use and abuse our nation’s financial system unchecked, fostering criminal activity and allowing it to continue and flourish at the expense … Read more

Federally chartered banks may participate in INVNs, stablecoins

The Office of the Comptroller of the Currency (OCC) has issued a letter stating national banks and federal savings associations may participate in independent node verification networks (INVNs) and use stablecoins. “Engaging in INVN within the federal banking system may enhance the efficiency, effectiveness, and stability of payments activities and achieve the benefits of real-time … Read more

ESAs’ Board of Appeal dismisses case against the EBA on alleged non-application of Union law as manifestly inadmissible

ESAs’ Board of Appeal dismisses case against the EBA on alleged non-application of Union law as manifestly inadmissible Friday 15 January 2021 11:02 The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) published today its decision in … Read more