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Financial Services
Editor's Picks
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Mexican businessman paid bribes to fix problems with Pemex, US says at trial
A Mexican businessman paid bribes to resolve his problems with Mexico’s state-owned oil company and continue receiving its business, prosecutors said at the start o... (more story)
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Private equity executive freed by Trump after US fraud conviction
President Donald Trump commuted the seven-year prison sentence of GPB Capital founder David Gentile, who was convicted of defrauding investors, The White House conf... (more story)
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South Korea probes Upbit hack, eyes North Korea's Lazarus Group
South Korea’s largest cryptocurrency exchange Upbit is facing parallel on-site inspections from South Korea’s financial and cybersecurity authorities following a 44... (more story)
Insight View More
The UK’s financial watchdog has warned that the European Union moved too early with its flagship artificial intelligence regulation, arguing that fast-evolving technology makes premature rules risky and prone ... (more story)
Ediphy, a UK fintech company that sued the Financial Conduct Authority over its bond consolidated tape award, has agreed to the lifting of the suspension order that was automatically triggered by the ongoing l... (more story)
Coupang is facing fresh questions over whether a shared login system with its fintech arm Coupang Pay has left customers’ payment data exposed, as South Korea’s financial regulators step up scrutiny of the e-c... (more story)
US Securities and Exchange Commission Chair Paul Atkins floated plans to incentivize initial public offerings for smaller companies and ease executive pay requirements. He said the SEC should consider building... (more story)
While targeted amendments to the Markets in Crypto-Assets Regulation are included in the European Commission’s proposal for better integrated and supervised market infrastructures, the EU's executive is planni... (more story)
The Bank of England has warned again that a sharp correction in the price of artificial intelligence-related shares in the US could impact lending and disrupt financial stability.
The Bank of England has for the first time reduced the amount of capital banks must set aside to withstand a potential crisis, in a move aimed at boosting economic growth. The BOE’s Financial Policy Committee,... (more story)
The US Commodity Futures Trading Commission is amending its Rules of Practice to enhance the transparency of the agency’s enforcement actions, and its Rules Relating to Investigations to augment due process, a... (more story)
Comment View More
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)
EU finance ministers are set to ask the bloc's executive next week to “put forward ambitious simplification packages” as part of the EU financial services framework, according to a draft obtained by MLex. The ... (more story)
South Korea’s decades-old rule separating financial and industrial capital is under renewed scrutiny as companies warn it blocks the scale of investment needed for AI and semiconductors. Antitrust chief Ju Biu... (more story)
A recent rap on the knuckles for EU countries over enforcing market rules is yet another signal of the European Commission's determination to defend better integrated capital markets. While the EU's executive ... (more story)
New rules requiring greater disclosure of bond trades take effect in the UK on Dec. 1. But a legal dispute over the rights to operate the country's first consolidated feed of bond trading data threatens to und... (more story)
UK ambitions to remove juries from trials of all but the most serious cases have met sharp criticism from lawyers, but calls for judge-only trials are nothing new, and for complex fraud cases there has long be... (more story)
As TD Bank cooperated with US authorities amid an investigation into suspected money laundering, the Canadian lender began to enforce its compliance program in a way that “intentionally targeted and disproport... (more story)