Regulatory Alerts2024-10-23 | 24079Policy – Supervisory Ladder of Intervention Policy – May 2022
The regulator issued the Supervisory Ladder of Intervention Policy in May 2022 to establish a structured framework for regulatory oversight of fintech and payment entities. This policy mandates a graduated approach to supervisory actions, allowing authorities to escalate interventions based on the severity of identified risks or compliance failures. It aims to enhance market stability and consumer protection by ensuring consistent and proportionate regulatory responses across the financial technology sector.
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