U.K. regulator fined Coinbase company £3.5 million for compliance violations
Revisions seek to better align with global standards
Paper seeks improvements to enable economic transition
Organization launches pilot program to allow remote supervision
Fraud claims pass suitability issues among investment cases
The group called for action on shadow banking reforms in letter to G20
Ongoing regulatory initiatives include binding authority at OBSI, climate-related disclosures, misleading titles, mutual fund sales practices and more
With reforms pending, the organization will search for new consumer, industry board reps
FSB, Basel Committee have long warned of tech risk in financial sector
Weaknesses in position reporting uncovered in compliance review