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Financial Services
Editor's Picks
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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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Convicted investment fraudsters in UK hit by GBP300,000 confiscation order
Three convicted investment fraudsters in the UK are the subject of confiscation orders totaling more than 300,000 pounds. The Financial Conduct Authority said the m... (more story)
Insight View More
US Senator Elizabeth Warren cited a Clinton administration derivatives debacle that contributed to the 2008 financial crisis to warn Senate Republican leader John Thune against steamrolling a stablecoin bill. ... (more story)
Cashpoint operator Bancomat has seen judges reject its bid this week to get Italy’s competition regulator to widen an investigation into Mastercard’s process for users to load cards into digital wallets, or se... (more story)
Toronto Dominion Bank has been placed under observation by Norway’s sovereign wealth fund for four years, due to the corruption and financial crime risks it poses. The bank was fined a record $3 billion by US ... (more story)
UK companies will be provided with training and guidance by the Serious Fraud Office as part of its “prevent” strategy, which the prosecutor hopes will help push the country’s economic growth. The new approach... (more story)
The European Commission is expected to present a package proposal as part of its Savings and Investments plan on Dec. 10, according to a draft agenda seen by MLex. The package will aim to improve EU market int... (more story)
Ensuring the stability of the financial system is “the most important thing” financial regulators can do for growth, a senior Bank of England official said today. Countering months of government and industry p... (more story)
The UK financial watchdog has rolled back the rules that will govern Pisces — Britain's new private stock exchange — in an effort to attract more companies after firms complained of "overly burdensome" disclos... (more story)
A lower oil price cap, a transaction ban for Nord Stream pipelines — as well as a ban on the import of refined products based on Russian crude oil — form part of the EU's latest set of restrictive measures. Th... (more story)
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EU banks and other financial firms are due to see a securitization reform package proposal unveiled by the European Commission on June 17, which aims to boost liquidity in the real economy by loosening prudent... (more story)
A cautious approach to cryptoassets by the UK financial services regulator risks holding back the sector's potential in Britain, although there is no lack of buzz about the industry in London, according to the... (more story)
Tucked in US Federal Reserve Governor Michelle Bowman’s bank-friendly oversight agenda, unveiled Friday, is a capital requirements plan also pursued by her predecessor in the Biden administration. Bowman, the ... (more story)
Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to inc... (more story)
Comment: A major US banking group has called for the Federal Reserve to “recognize the liquidity value” of having banks preposition collateral at its discount window in the wake of the 2023 banking failures – ... (more story)
Italian lender UniCredit's announcement today that it will double its stake in Alpha Bank received a nod from the Greek government — a stark contrast to Germany's critical reaction over UniCredit's recent offe... (more story)
While the US Supreme Court explicitly spared the Federal Reserve from the brunt of its decision on agency independence, the court was conspicuously silent on other purportedly independent bodies, including the... (more story)
The rancorous fallout of Mastercard's modest settlement with Walter Merricks in his UK class action against the card giant over card fees has set off concerns for the collective-action regime that were reignit... (more story)