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Wolfsberg Group’s Guidance on RBA: Is There More We Can Do?
30th June 2026 On June 23rd 2026, the Wolfsberg Group (the Group) published its updated guidance on the Risk-Based Approach (RBA). The Group highlighted the importance of the RBA, emphasising ‘a focus on everything is a focus on nothing’ and recommended that financial institutions (FIs) demonstrate three key elements in their financial crime risk management programmes (FCRM): proportionality, prioritisation, and…
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Growth vs Compliance: A Never-Ending Friction Point for FinTechs
June 23rd, 2026 On the 10th of June, 2026, the Financial Times (FT) reported that the European Central Bank (ECB) had imposed restrictions on Revolut’s European division, preventing it from launching new products due to compliance failures. The restriction further highlights the tension between growth and compliance that comes with fintechs. Last year, the ECB temporarily restricted Revolut Europe from…
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Sterling Stablecoins: A Regulatory Opportunity That Raises More Questions Than Answers
June 9th, 2026 On March 11th, 2026, the Financial Services Regulation Committee (FSRC) held a meeting with Sarah Breeden and Sasha Mills, Deputy Governor and Executive Director of Financial Market Infrastructure at the Bank of England (The Bank), as well as Matthias Bauer-Langgartner, Head of Policy, Europe at Chainalysis, to discuss a sterling stablecoin. The proposed regulations for stablecoins make…