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T+1 trade settlement adopted by EU lawmakers with securities financing exemption May 20, 2025 | Fanny Roux

EU lawmakers adopted their stance on the one-day trade settlement cycle, or T+1, today, with an amendment exempting securities financing from this shorter settlement cycle — a position aligned with the member ... (more story)

Barclays boss Maru warns against UK ring-fencing reforms May 20, 2025 | Phoebe Seers

The UK has ridden out recent global financial shocks thanks in part to its ring-fencing regime, Barclays CEO Vim Maru said today as he cautioned lawmakers against repealing one of the more significant regulato... (more story)

South Korea's Democratic Party readies sweeping digital asset legislation May 20, 2025 | Jenny Lee

South Korea's Democratic Party of Korea is accelerating efforts to introduce a comprehensive framework law on digital assets — a long-anticipated follow-up to last year’s Virtual Asset User Protection Act. The... (more story)

UK 'buy now, pay later' regulation to be in place by mid-2026, government says May 19, 2025 | Phoebe Seers

"Buy now, pay later" providers such as PayPal and Klarna should be regulated by mid-next year, the UK government said today as it introduced legislation into Parliament. It has not yet decided exactly which ty... (more story)

EY's auditing of collapsed NMC Health 'disgraced' profession, UK court told May 19, 2025 | Martin Coyle

EY’s audit of collapsed health operator NMC Health was one of the most “fundamentally flawed” examples of auditing to have “disgraced” the profession, a London court was told as the trial of a 2 billion-pound ... (more story)

France to unveil label for EU savings products and promote capital markets union May 16, 2025 | Fanny Roux

France is to propose a label for long-term EU savings products next month aimed at helping mobilize citizens' savings for investment in projects of European interest, MLex has learned. The initiative, recommen... (more story)

Meta, other platforms get mixed message over UK code banning fraudulent ads May 15, 2025 | Phoebe Seers and Patricia Figueiredo

Meta Platforms and other tech giants looking ahead to UK guidance on preventing fraudulent advertising online have a mixed message after the regulator responsible today refused to recognize the tight delivery ... (more story)

Unicredit-Banco BPM sees EU review lengthen due to national request May 15, 2025 | Nicholas Hirst and Andrew Boyce

The EU review of Italian bank UniCredit’s plan to buy national rival Banco BPM has been extended by two weeks, to June 19, after a national authority asked the European Commission to transfer the probe. The It... (more story)

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US appeals court questions suggest CFPB to be left in tatters May 19, 2025 | Neil Roland

US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bureau – suggesting that the beleaguered agency... (more story)

UK sanctions regime review lacks detail on beefing up meager enforcement May 16, 2025 | Martin Coyle

UK government plans to consolidate sanctions lists and speed up enforcement of civil-law breaches will be welcomed as aims, but the new plan fails to grasp the nettle of patchy enforcement. The latest look at ... (more story)

Pension funds’ UK investment pledge conditioned on clearing regulatory obstacles May 13, 2025 | Phoebe Seers

A voluntary pledge outlined today by 17 major pension providers to allocate more funds to UK companies lands shortly before a major review of pensions investments that could mandate such an approach. While see... (more story)

US SEC’s eased $50 million pact with crypto firm Ripple Labs another Trump retreat May 09, 2025 | Neil Roland

The US Securities and Exchange Commission's $50 million settlement with Ripple Labs — down from a $125 million court order — is the latest Trump administration retreat on cryptocurrency enforcement, potentiall... (more story)

UK sanctions watchdog talks tough on enforcement but lacks bite May 08, 2025 | Phoebe Seers and Martin Coyle

The UK’s sanctions enforcer took to its blog today to get across the message of how seriously it takes non-compliance with information requests. A recent penalty that OFSI imposed on Svarog Shipping & Trading ... (more story)

Huione Group is a ‘significant node’ of the money laundering ecosystem, US says May 02, 2025 | Samuel Rubenfeld

When Huione Group was contacted last year by an Australian media outlet about allegations that it was being used to launder money for the online scam industry, the Cambodian financial conglomerate acknowledged... (more story)

US Fed governor’s testimony spurs scholars’ concerns about Fed’s independence May 02, 2025 | Neil Roland

The Senate testimony of Michelle Bowman, President Donald Trump’s nominee for the US Federal Reserve’s top banking regulator, is generating concerns among legal scholars for its potential threats to the Fed’s ... (more story)

EU banks’ dealmaking plans dented as ECB reveals ‘Danish compromise’ pushback May 02, 2025 | Jean Comte

EU banks looking to consolidate would be advised to note a European Central Bank letter published this week, in which the ECB pushed against Banco BPM's use of a loophole to cut the costs involved in acquiring... (more story)