News from January 2025

NCUA prohibits former Genisys employee from working with federally insured institutions

The National Credit Union Administration (NCUA) has issued a prohibition notice in January 2025.

Metaverse staff on Binance France investigation: 'Binance is really putting in the effort to comply, but the scrutiny continues'

Kenneth Lagunilla, a staff member at TCG World, said that Binance has been making efforts to comply with regulations.

GenAI transforms financial services through enhanced efficiency and decision-making

GenAI is transforming the financial services industry by increasing efficiency and enhancing decision-making capabilities, according to a recent report.

Treasury withdraws from network supporting Paris Agreement goals

The U.S. Department of the Treasury's Federal Insurance Office (FIO) has announced its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

Carlyle invests in Entertainment 360 marking firm's first external funding

Entertainment 360, a prominent talent management company, has announced it will receive an investment from Carlyle, a global investment firm.

Sarah Bang appointed NCUA Chief of Staff by Chairman Kyle S. Hauptman

National Credit Union Administration (NCUA) Chairman Kyle S. Hauptman has appointed Sarah Bang as NCUA Chief of Staff and Senior Policy Advisor.

Treasury Secretary Bessent meets Japanese Finance Minister to discuss regional cooperation

Secretary of the Treasury Scott Bessent engaged in a virtual introductory meeting with Japan's Finance Minister Katsunobu Kato on January 28, 2025.

Binance CEO: U.S. Strategic Bitcoin Reserve is 'pivotal for crypto integration'

Richard Teng, the CEO of Binance, one of the world’s largest cryptocurrency exchanges, said that the U.S. Strategic Bitcoin Reserve plays a pivotal role in integrating cryptocurrency into the national financial system during a January 25 interview...

Binance CEO: 'Stablecoins are a critical innovation for financial transactions'

Richard Teng, CEO of Binance, the largest cryptocurrency exchange globally by trading volume, said that the company aims to support the growth of stablecoins through initiatives such as its partnership with Circle.

Scott Bessent assumes role as new Secretary of Treasury

Scott Bessent was sworn in as the 79th Secretary of the Treasury by Supreme Court Justice Brett M. Kavanaugh on January 28, 2025.

BaFin announces consumer warning about fincareglobal.org

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding the website fincareglobal.org, which is suspected of offering financial and investment services without the necessary license.

Carlyle appoints new head for Asia Pacific operations

Global investment firm Carlyle has announced the appointment of Brad McCarthy as Managing Director and Head of Asia Pacific for Carlyle Global Wealth.

Mastercard report highlights benefits of asset tokenization

Mastercard has released a report detailing the potential benefits of asset tokenization and its implications for the financial industry.

BCBS issues new guidelines; BIS outlines 2025-26 innovation plans

The global financial regulatory landscape is evolving with new developments from key international bodies.

Kyle S. Hauptman named new chairman of NCUA board

President Donald J. Trump has appointed Kyle S. Hauptman as the new Chairman of the National Credit Union Administration (NCUA) Board.

New Hampshire experts join advisory board for public policy center

The Federal Reserve Bank of Boston has announced the appointment of Karen Emis-Williams and Brian Gottlob to the advisory board of the New England Public Policy Center (NEPPC).

European Banking Authority updates crypto-asset regulations for banks

The European Banking Authority (EBA) has released several key publications aimed at improving the regulatory framework for banks.

Exploring the future: Quantum artificial intelligence's promise and challenges

The exploration of quantum artificial intelligence (QAI) is gaining momentum as it combines the advancing fields of quantum computing and artificial intelligence.

PRA delays Basel 3.1 implementation in UK until January 2027

The UK Prudential Regulatory Authority (PRA) has decided to postpone the implementation of Basel 3.1 by one year, now set to begin on January 1, 2027.