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Financial Services
Editor's Picks
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Corporate Transparency Act upheld by US appeals court
A US appeals court has upheld the constitutionality of the Corporate Transparency Act, an anti-money laundering law, overturning a lower court’s decision that it wa... (more story)
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Former Fox executive, company ask Supreme Court to let US dismiss corruption case
A former 21st Century Fox executive and a sports marketing company have each asked the US Supreme Court to allow the government to dismiss a corruption case against... (more story)
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Mexican businessman found guilty in mixed verdict in US bribery trial
Mexican businessman Ramon Alexandro Rovirosa Martinez was convicted in the US of paying bribes to officials of Mexico’s state-owned oil company in exchange for cont... (more story)
Insight View More
EU governments on Friday formally adopted their stance on the single currency package proposed back in 2023. It includes a framework enabling the introduction of a digital euro and provisions on the legal stat... (more story)
The European People's Party, the Socialists & Democrats and the European Conservatives & Reformists will jointly lead the talks on the jumbo package proposal aimed at better integrating the EU capital markets,... (more story)
The UK’s financial regulator has committed to improving the home and travel insurance market after a complaint from Which, but rejected the consumer group's demand for a review of consumer protection law and a... (more story)
The indictment of former Goldman Sachs banker Asante Berko was properly sealed, a US judge ruled Wednesday, denying his motion to dismiss charges stemming from an alleged bribery scheme in Ghana. Prosecutors s... (more story)
Two former bankers who fled the UK to avoid criminal trials were jailed for a total of 11 years on Wednesday over a fraud that saw millions of dollars in secret fees siphoned from Libya’s sovereign wealth fund... (more story)
The UK’s legislative machinery moves too slowly to keep up with rapidly evolving financial markets and is now holding back essential consumer and market reforms, the Financial Conduct Authority's chief has war... (more story)
Britain’s financial watchdog is weighing an overhaul of capital rules for specialized trading firms, arguing they are currently held to bank-level standards despite posing lower risks to the financial system. ... (more story)
Concerns over EU countries' stance on a revamped securitization framework have been raised by European banks and market players, represented by the Association for Financial Markets in Europe. The organization... (more story)
Comment View More
EU finance ministers on Friday highlighted expected differences between those favoring more centralized markets supervision and those opposed. They had their first discussion on revamped EU market infrastructu... (more story)
UK non-financial misconduct rules still have gray areas, legal experts have warned, despite the release of the Financial Conduct Authority’s latest guidance to clarify its expectations. The FCA will extend its... (more story)
The UK financial watchdog's latest two-year plan shows it opening new fronts in financial-services policy even as the timeline for other current initiatives slips. The FCA's "Regulatory Initiatives Grid" inclu... (more story)
The European Commission's proposal to enhance integrated market infrastructure has been broadly welcomed by the financial sector. But concerns over certain provisions — ranging from supervisory convergence pow... (more story)
US Comptroller of the Currency Jonathan Gould put his thumb on the scale for digital and financial technology firms over banks in firms’ applications for new bank charters. He also hailed the influx of new app... (more story)
Scaling up EU market infrastructures and the asset-management sector is seen by the bloc's executive arm as essential for achieving more competitive capital markets. To support this vision, the European Commis... (more story)
Major UK lenders this week saw capital requirements eased for the first time in the post-crisis era, with a cut in the amount that they must hold in reserve intended to meet the government's expectation of the... (more story)
Investment funds engaging in for-profit support of court cases aren't likely to see any EU-wide regulatory action in the short term. The European Commission appears to see no reason to intervene, and for now i... (more story)