'Digital comparison tools' under scrutiny by UK regulator

The UK's Competition and Markets Authority (CMA) has opened a new market study into price comparison websites and other "digital comparison tools", such as some smartphone apps.

Guidance issued on calculating professional indemnity insurance obligations under PSD2

The European Banking Authority (EBA) has developed a formula for calculating the level of professional indemnity insurance, or other comparable guarantee, that some businesses in the EU payments market will have to put in place under the revised Payment Services Directive (PSD2).

Regulatory focus on data access restrictions could impact Uber, retailers, insurers and car manufacturers, says expert

FOCUS: Retailers, insurers, car manufacturers and the fast-growing software company Uber are among the businesses that should take note of the increased regulatory scrutiny being placed on restrictions of access to data.

FCA selects first firms to participate in regulatory sandbox testing and new advice unit

The UK's Financial Conduct Authority (FCA) has selected 24 businesses to "test new ideas without incurring all of the normal regulatory consequences" under its regulatory sandbox initiative, it has announced. 

FCA confirms that insurers will not face market study into their use of big data

The UK's Financial Conduct Authority (FCA) will not conduct a broad market study into insurers' use of big data, the regulator has announced.

Decades-old legal test not suitable for assessing if investment advice met professional standards, says High Court

A long-standing legal test, that helps to determine whether professionals meet their duty of care to clients is not appropriate for determining whether UK investment advisers have sufficiently communicated with investors to be said to have provided suitable advice, the UK High Court has said.

Fintech can enhance EU capital markets, says Commission.

The rapid growth of financial technology, or fintech, has the power to transform EU capital markets, the European Commission has said.