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Financial Services

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EU Basel III rules offset provision expected to pass scrutiny period unopposed September 04, 2026 | Fanny Roux

An EU legal text allowing banks to use a temporary multiplier to offset capital increases under Basel III market risk rules is expected to pass its three-month scrutiny period by Sept. 5 without opposition fro... (more story)

US SEC proposes cancellation of 2010 'pay-to-play' rule September 03, 2026 | Neil Roland

The US Securities and Exchange Commission proposed to retract its 2010 “pay-to-play” rule that prohibits investment advisers from providing paid services to a government client for two years after making a pol... (more story)

US SEC’s Atkins, GAO clash over request to remedy factor in banks’ 2023 collapse September 03, 2026 | Neil Roland

US Securities and Exchange Commission Chair Paul Atkins and a nonpartisan congressional watchdog butted heads over a recommendation to address the failure of three banks in the spring of 2023. The Government A... (more story)

Banca Tercas suffered serious breach in state-aid probe, EU court says September 03, 2026 | Anna Ferrari

The European Commission committed a serious breach of EU state aid rules when it wrongly classified support for Banca Tercas as unlawful aid, the EU’s top court has ruled. However, judges rejected BdM Banca's ... (more story)

EU’s highest court curbs unrestricted access to shareholder data September 03, 2026 | Matthew Newman

EU countries may not allow anyone to obtain personal data on every minority shareholder in a public limited company without demonstrating a legitimate interest, the EU’s highest court said on Thursday. A Latvi... (more story)

US regulators writing stablecoin rules should add guardrails for users, observers say September 02, 2026 | Neil Roland

US financial policymakers writing rules to carry out the GENIUS Act with respect to stablecoins should provide guardrails for users and against illicit finance in anticipation of growth in use of the cryptocur... (more story)

Citibank fined £4.7m over London branch's Russian sanctions breaches September 02, 2026 | Martin Coyle

CitiBank has been fined £4.7 million by the UK’s sanctions enforcer over breaches by its London branch of the country’s sanctions rules related to Russia. In total, Citibank was found to have processed 970 pay... (more story)

US SEC plans overhaul of transfer agent rules to adapt to AI, crypto September 01, 2026 | Neil Roland

The US Securities and Exchange Commission proposed an overhaul of its transfer-agent securities infrastructure rules to keep pace with developments in cryptocurrency, artificial intelligence, and electronic ma... (more story)

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UK financial firms await test case for new misconduct rules September 01, 2026 | Martin Coyle

Firms across the UK's financial services sector, from insurers to asset managers, must now ensure their senior managers comply with the same bullying and harassment rules that bankers have been required to fol... (more story)

EU lawmakers’ capital market amendments show divides, hint at compromises August 31, 2026 | Fanny Roux

EU lawmakers' amendments to the capital market reform reveal common ground between the main parties, the center-right EPP and center-left S&D, on expanding the European Securities and Markets Authority's overs... (more story)

Key financial reforms on the line as EU enters packed fall negotiating season August 27, 2026 | Fanny Roux

EU institutions are racing to finalize major financial reforms by year-end — including market integration, securitization, pensions and the digital euro — while new proposals to boost the EU capital markets ar... (more story)

Climate litigation boom makes states’ obligations clear, corporate ones less so August 26, 2026 | Louis de Briant

Climate litigation is increasingly defining governments' and companies' obligations as climate science and legal precedents develop. While landmark cases have helped entrench the duties that states have and pr... (more story)

US Fed’s Warsh may face first test of whether he's Trump’s 'sock puppet' August 11, 2026 | Neil Roland

US Federal Reserve Chair Kevin Warsh may soon face his first test of whether he is President Donald  Trump’s “sock puppet,” as last week the president told Fed Governor Lisa Cook that he is considering ousting... (more story)

What kind of digital euro will the EU get? August 06, 2026 | Helena Freitas

The EU is no longer debating only whether to create a digital euro, but what kind of payment instrument it should become. Make-or-break choices are now at the negotiating table of EU lawmakers and governments,... (more story)

UK pensions case shows judges aren’t scared to push back on FCA enforcement bite August 05, 2026 | Martin Coyle

The upholding of industry bans on two “dishonest” pension advisers was welcomed by the UK’s financial regulator on Tuesday, but the Financial Conduct Authority has once again seen its bite softened by judges. ... (more story)

EU Commission cautiously frames sensitive debate on banking reforms July 17, 2026 | Fanny Roux

The European Commission's banking competitiveness report, published on July 17, is set to revive decade-old debates on the bloc's single rulebook. It outlines plans for lenders, including freer flow of capital... (more story)