A major banking group urged the US Securities and Exchange Commission to eliminate its 2023 cybersecurity disclosure rules in light of frontier artificial intelligence models that expose companies to unprecede... (more story)

Western Asset Management, a unit of Franklin Resources, agreed to pay $100 million to resolve a US Securities and Exchange Commission probe into the firm’s failure to detect and prevent an alleged $600 million... (more story)

EU national ambassadors on Friday approved the final text of the retail investment strategy to boost citizen participation in EU capital markets, following the political agreement reached by EU countries and t... (more story)

Mastercard’s defense is built on "misdirected" analysis that fails to address the central question in the case, which is whether the company used discounts on credit-card transactions to discourage merchants f... (more story)

The UK financial regulator is seeking to ease its climate reporting rules for investment products with a new proposal that will affect asset managers and asset owners. The Financial Conduct Authority had intro... (more story)

Eighty-seven Indonesian online lenders have urged a Jakarta court to overturn the Indonesian antitrust agency's record interest-rate cartel ruling, arguing that the regulator failed to prove any agreement amon... (more story)

US banking regulators said they consider climate change to pose a risk to banks, but no greater than other potential hazards. “We do recognize that there are risks to banks and to their bank balance sheets fro... (more story)

Lex Greensill, the founder of the collapsed Greensill Capital, has been banned from acting as a UK company director for nine years, following action taken by the country’s Insolvency Service. An agreement betw... (more story)