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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)
Insight View More
Wise US, a New York-based subsidiary of the UK international financial transfer firm, agreed to pay $4.2 million to resolve investigations by five state regulators over failures in its anti-money laundering co... (more story)
A draft UK law that could see pension funds forced to invest in domestic assets drew a challenge from Bank of England governor Andrew Bailey today. he told a press conference that while a review of the pension... (more story)
The Bank of England will review UK banks' capital requirements for the first time in five years, with an update foreseen in December, the central bank has said today. The update came as the BOE's Financial Pol... (more story)
EU countries are not expected to adopt the final text on the bank resolution framework until after the EU summer break, with technical work resuming in September. The Council of the EU and the European Parliam... (more story)
Mastercard’s payment systems firm Vocalink has been fined 11.9 million pounds ($16.2 million) for compliance failures by the Bank of England, the first time the central bank has fined a financial market infrastructure firm.
Gaps in data related to the international non-banking sector can hinder regulators’ assessment of financial stability risks, the Financial Stability Board has said. The FSB, a global standard setting body base... (more story)
An expected UK move to allow stablecoins that are widely used for everyday payments to receive some remuneration on their backing assets has won the backing of the Bank of England committee dedicated to financ... (more story)
The Bank of England will publish more market-based finance data to mitigate the risks from higher leverage in non-bank financial institutions, companies which offer financial services but are not regulated as ... (more story)
Comment View More
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)
Former Barclays boss Jes Staley's failure to persuade a UK court to overturn an industry ban over his links to Jeffrey Epstein is a vindication for the country's financial services regulator — and will likely ... (more story)
When Denmark takes the reins of EU policy talks on July 1, it will scrutinize the new securitization package proposal while also addressing several contentious financial reforms from the previous term. These i... (more story)
The European Parliament's Committee on Economic and Monetary Affairs is expected tomorrow to agree on a report, signaling for the first time the direction of travel and likely political battle lines in its eff... (more story)
President Trump’s “Big Beautiful Bill” would eliminate or dilute four agencies created with bipartisan support this century to advance financial stability and consumer protection. Three of those agencies were ... (more story)