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Financial Services
Editor's Picks
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Proxy advisor 'duopoly' puts politics over profits, US House Republicans say
Institutional Shareholder Services and Glass Lewis & Co. helm a “duopoly” over proxy advisor services that empowers the firms to effectively operate as “unsupervise... (more story)
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UK investment funds urged to adopt T+2 settlement alongside T+1 securities shift
Britain's investment funds have been urged by three leading industry bodies to shorten and standardize fund settlement timings to a maximum of two days, known as T+... (more story)
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South Korea's Democratic Party readies sweeping digital asset legislation
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 ... (more story)
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UK rules for companies wishing to raise capital have been stripped back by the financial markets watchdog to make them less onerous and less costly. The Financial Conduct Authority today unveiled its final rul... (more story)
A divided Financial Stability Board punted on a medium-term approach to climate-related financial risks, opting to leave that to its annual work program instead. In an annual report to the Group of 20 economic... (more story)
EU judges will rule soon on a landmark case involving the definition of personal data, and whether a data controller must inform users when their data is transferred to a third party. The EU Court of Justice w... (more story)
The chair of the Financial Stability Board, an international standard setter, has set himself on a collision course with the US administration, after warning banks against issuing their own stablecoins. Andrew... (more story)
The former chief executive of the UK Financial Ombudsman Service Abby Thomas was fired after "fundamental disagreements" with the watchdog's chair and board, lawmakers have said in a report. Members of the UK ... (more story)
Nations should form domestic frameworks to capture nonbank leverage risks to financial stability that have inflamed a number of market crises in recent years, the Financial Stability Board said. Nonbank financ... (more story)
UK finance minister Rachel Reeves is expected to announce details next Tuesday of a new service to help foreign investors navigate the country's financial regulations as part of a wider drive to attract foreig... (more story)
South Korean online payment giant KakaoPay argued in court today that its transmission of user data to China’s Alipay was a lawful act of commissioned processing — not an illegal third-party transfer — pushing... (more story)
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UK finance minister Rachel Reeves will tomorrow deliver her second key annual Mansion House speech, under mounting pressure to reinvigorate the country’s key financial services sector and wider economy. Agains... (more story)
A US Federal Reserve that has become increasingly divided on regulatory matters during the Trump administration issued a bank-friendly proposal yesterday to revise its supervisory rating framework for large ba... (more story)
EU governments and lawmakers this week provisionally agreed on several provisions including “finfluencers” and financial education during a meeting on the Retail Investment Strategy legal package, sources in b... (more story)
The Bank of England may have signaled a more favorable approach to stablecoins, but it has not eased industry concerns that the UK’s regulatory regime still lacks clarity on which of the digital currencies wou... (more story)
The Financial Stability Board’s appointment of Randal Quarles to review the status of post-2008 reforms has raised the hackles of a senior US Senate Democrat who said it could be “putting the international fin... (more story)
A broad swath of businesses’ data-processing activities could be subject to scrutiny under US rules targeting access to American data by foreign countries considered as adversaries, as a grace period ends and ... (more story)
Stephanie Lose, Denmark’s Finance Minister, today elaborated on the way to reaching an agreement on a revamped securitization framework “as soon as possible this year.” Speaking at Ecofin — a meeting of EU fin... (more story)
A consortium backed by all 15 EU exchanges has emerged as the only official applicant to run the bloc’s equity consolidated tape, a repository of data on shares and exchange-traded funds backed by the European... (more story)