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US FTC's Ferguson pushes action to make it easier to remove commissioners February 14, 2025 | Claude Marx

US Federal Trade Commission Chairman Andrew Ferguson said he plans to ask the FTC to endorse the US Department of Justice’s position that the president should be allowed to remove members of regulatory commiss... (more story)

EU could put cars, chemicals and more into a tariff deal with US, Demarty says February 14, 2025 | Joanna Sopinska

Cars, chemicals, ceramics and textiles are examples of products that the EU could include in a deal with the US on "reciprocal" tariffs, Jean-Luc Demarty, a former head of the European Commission's trade depar... (more story)

FTC officials, other regulators, not protected from removal, US DOJ says February 13, 2025 | Maria Dinzeo

Members of the Federal Trade Commission and other key regulatory officials can be fired by the president, and the US Department of Justice will no longer come to their defense, according to a letter the DOJ se... (more story)

Trump orders trade probe that may spur 'reciprocal' US tariffs from April 2 February 13, 2025 | Joanna Sopinska

Exporters, including those from the EU, might soon face additional US tariffs under a plan announced by President Trump. In an executive order signed today, Trump asked his administration to consider imposing ... (more story)

TD Bank withheld $20 million from executives, employees in US money laundering case February 13, 2025 | Samuel Rubenfeld

A TD Bank subsidiary told the government it had withheld another nearly $20 million from executives and employees involved in a US money laundering case it settled last year, according to a court filing. Becau... (more story)

Barclays faces UK money laundering probe over high-risk customers treatment February 13, 2025 | Martin Coyle and Phoebe Seers

Barclays faces a Financial Conduct Authority-led investigation into its treatment of high-risk customers, the UK lender said today. The probe relates to the bank's treatment of risky customers, it said.

Final EU retail investment strategy negotiations set to begin on March 18 February 12, 2025 | Sofia Gerace and Jean Comte

Legislative talks to finalize an EU retail investment strategy will begin on March 18 between lawmakers and members states, MLex understands. The draft package of financial regulations is aimed at supporting i... (more story)

UK payments regulator forced to defend existence before lawmakers February 12, 2025 | Phoebe Seers

The UK’s payments regulator has been forced to defend its existence before lawmakers today when presented with concerns from the industry that the regulatory landscape suffers from overlaps and hinders economi... (more story)

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UK financial regulator's ‘name and shame’ plan faces uphill battle despite changes February 14, 2025 | Phoebe Seers

The UK financial services watchdog faces having to make a decision shortly on its unpopular “name and shame” initiative, with a consultation on amendments ending next week. While changes to the Financial Condu... (more story)

Republicans target overdraft fee cap rule as part of efforts against US CFPB February 13, 2025 | Neil Roland

As they seek to dismantle the US Consumer Financial Protection Bureau, Republicans are also looking in the meantime to nullify at least one of the consumer watchdog’s existing rules. Republican lawmakers today... (more story)

UK banks see threat of digital pound recede as BOE signals change of heart February 12, 2025 | Phoebe Seers

Boosterish rhetoric from the Bank of England in recent years about a digital currency for the UK now seems a world away, with the Trump administration in the US blocking a digital dollar and the UK government ... (more story)

Plan to abandon FIDA file shows EU Commission is serious about competitiveness February 11, 2025 | Jean Comte

The European Commission plans to withdraw a proposed regulation on open finance out of the blue, according to a draft work program. A final decision is still pending, but regardless, the fact that it has consi... (more story)

Trump’s tariff blackmail faces pushback for provoking uncertainty and chaos February 10, 2025 | Joanna Sopinska

Donald Trump shows himself ready to use tariffs not only in a traditional way to win economic concessions, but also to force policy change. Businesses worldwide should therefore brace for an even more uncertai... (more story)

UK financial watchdog burdened with unrealistic expectations on economic growth February 06, 2025 | Phoebe Seers and Sofia Gerace

The UK's financial services watchdog is under relentless pressure to cut red tape and think of ways to lighten the regulatory burden to help grow the economy. But it's hampered by government unwillingness to s... (more story)

Lack of ambition in revamp of EU clearinghouse rules hands UK a bonus prize February 05, 2025 | Jean Comte

A three-year extension for UK-based clearinghouses to access the EU market triggered anger from EU lawmakers this week, lamenting what seems to be a lack of attention to the need to develop the EU's clearing m... (more story)

Success for EU’s T+1 shift requires focus, consensus, project chief Sabatini says January 29, 2025 | Sofia Gerace and Jean Comte

Giovanni Sabatini, a veteran Italian finance expert chosen recently to lead the EU industry committee tasked with driving the switch to one-day securities trade settlement, has hit the ground running. Finding ... (more story)