June 29, 2023
Britain and the European Union signed a long-delayed post-Brexit cooperation pact in financial services on Tuesday, but the rapprochement is unlikely to restore EU access for the City of London anytime soon. The memorandum of understanding on regulatory cooperation was …
June 26, 2023
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International …
June 22, 2023
Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to “Solvency II” capital rules for insurers, which it hopes will unlock billions of pounds to boost growth, will be implemented by the end of this year. …
June 20, 2023
The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE had said in December …
May 24, 2023
The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail investment package toughens up existing …
May 24, 2023
European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The European Commission, the EU’s executive body, on …
May 17, 2023
Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, which wants to become a global hub for crypto and …
May 9, 2023
Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across the bloc if they could prove to regulators they offer value for money, draft proposals seen by Reuters showed. The …
April 26, 2023
European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like child labor or slavery, and environmental damage by suppliers. The European Parliament’s legal affairs committee voted to approve the draft …
April 26, 2023
Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were …