Financial Services

India’s investment reforms have failed to dispel US concerns over discriminatory rules, unpredictable regulation, aggressive enforcement, data localization, weak intellectual-property protection and slow legal... (more story)

The US Securities and Exchange Commission floated a plan to expand ordinary investors’ access to risky hedge and private equity funds, as well as venture capital and credit funds, if investors pass an exam dev... (more story)

Cost overruns in the US Federal Reserve’s headquarters renovations stemmed from bureaucratic mismanagement rather than criminal or administrative misconduct by then-Chair Jerome Powell, a Fed inspector general... (more story)

EU governments are rushing to secure a deal on the Market Integration and Supervision Package when finance ministers meet in Luxembourg on Oct. 9. Significant work remains to reach a compromise, with the marke... (more story)

Swedish-Czech national Paulina Dejmek Hack, who has over two decades of experience in EU financial services regulation and capital markets policy, has been appointed to head up the European Commission's Financ... (more story)

The US finance industry must move carefully with developing artificial intelligence in payments due to an “asymmetry” in threat actors’ potential exploitation of vulnerabilities and the cybersecurity defense a... (more story)

EU governments and lawmakers have agreed key provisions of a plan to revitalize the bloc's securitization market, paving the way for a possible deal on the reform as a whole at their next negotiating meeting o... (more story)

Centralized supervision of asset managers was ultimately not included in a compromise proposed by key EU lawmaker Eero Heinäluoma on the Market Integration and Supervision Package, a draft obtained by MLex sho... (more story)