ECB Restricted Revolut's European Arm in July 2025 Over Product Approval Speed Amid $75 Billion Share Sale

The European Central Bank temporarily restricted Revolut's European banking division in July 2025 over concerns about how quickly the fintech approved and launched new financial products. The restrictions, communicated during preparations for a $75 billion share sale, withdrew permission for Revolut to launch new products across the European Economic Area and barred the division from acquiring new customers or pursuing corporate acquisitions outside Europe. The ECB required future products to receive sign-off from in-house experts and ordered a third-party review of risk, compliance and legal functions involved in new product launches, citing deficiencies in staffing levels, skills and team independence.
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