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Financial Services
Editor's Picks
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EY’s Post Office audits come under UK regulatory probe
EY’s audits of the Post Office have come under investigation by the UK's Financial Reporting Council. The FRC said it was probing audits running from 2015 to 2018, ... (more story)
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BOE governor Bailey to lead global watchdog as risks rise for non-banks
As the Bank of England's governor Andrew Bailey is set to lead the Financial Stability Board, he faces the critical task of addressing risks from non-bank financial... (more story)
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Thailand issues new decrees to fight cybercrime, rein in illegal crypto activities
Thailand over the weekend formally issued two new decrees that equip regulators with more powers to combat unauthorized digital asset activities, particularly invol... (more story)
Insight View More
EU policymakers must advance work on the savings and investments union and on the digital euro, European Central Bank President Christine Lagarde said yesterday. Europe should keep its monetary policy on solid... (more story)
EU companies caught under the scope of the bloc’s due diligence law could see reduced supply chain obligations and potential fines capped at 5 percent of their net global turnover, according to a Polish propos... (more story)
United Insurance Brokers Limited has been charged with failing to prevent bribery by the UK’s Serious Fraud Office over allegations involving business in Ecuador. The company is the latest re-insurer to face a... (more story)
US Federal Reserve Chair Jerome Powell said the central bank will “never be influenced” by political pressure at the same time he said it’s "uncertain" whether the Fed will be affected by a Supreme Court case ... (more story)
The UK's move to a faster trade settlement cycle, planned for late 2027, is already proving challenging for more than 100 global businesses that have said they aren't ready to comply with some pre-requirements... (more story)
Approximately 16,000 firms are expected to benefit from a proposal released today by the Financial Conduct Authority aiming to cut three "unnecessary" data reporting requirements. The watchdog said the proposa... (more story)
EY’s audits of the Post Office have come under investigation by the UK's Financial Reporting Council. The FRC said it was probing audits running from 2015 to 2018, focusing on matters related to the Horizon IT... (more story)
A Texas federal court vacated a 2024 US Consumer Financial Protection Bureau rule capping credit-card late fees at $8, handing a victory to banking and business groups. The Trump administration’s CFPB and the ... (more story)
Comment View More
As US President Donald Trump tries to expand control of the government by ousting Democrats at independent agencies, he now may be considering termination of the most influential financial regulator of all: US... (more story)
News of a probe into EY’s audits of the UK postal operator highlights a little-used but significant power that the audit watchdog has to “reclaim” jurisdiction over audits of businesses over which it typically... (more story)
As the Bank of England's governor Andrew Bailey is set to lead the Financial Stability Board, he faces the critical task of addressing risks from non-bank financial intermediaries. The global watchdog has been... (more story)
As the US Justice Department steps back from criminal enforcement of regulatory violations by the cryptocurrency industry, judges are starting to weigh whether the change could affect ongoing cases.
National measures — such as tax incentives and pension system reforms — are the key to encouraging retail savers to invest in capital markets, a senior Swedish official told MLex. Speaking on the sidelines of ... (more story)
News reports today that Chinese fast-fashion retailer Shein has won preliminary approval from the UK financial watchdog to list on the London Stock Exchange will please the government as a sign of regulators h... (more story)
When Michelle Bowman, the nominee to be the US Federal Reserve’s top regulator, appears before the Senate Banking Committee for her Thursday confirmation hearing, she will surely be asked about the impact on b... (more story)
The Italian lender, Mediobanca, has labeled the takeover attempt by its rival, Monte dei Paschi di Siena, as hostile and hopes to have it rejected. However, the deal is unlikely to raise competition concerns d... (more story)