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Rothschild becomes first Luxembourg bank to be convicted of money laundering May 22, 2025 | Martin Coyle

Edmond de Rothschild (Europe) bank has been ordered to hand over 25 million euros today following its conviction on money laundering charges connected to the 1MDB scandal. The lender is the first in Luxembourg... (more story)

Securities-financing liquidity rules maintained by EU lawmakers May 22, 2025 | Fanny Roux

The European Parliament today adopted a proposal to maintain EU rules on liquidity requirements for short-term securities financing transactions. The text extends a transitional measure under the current EU ba... (more story)

Small mid-caps companies supported in EU market rules review May 21, 2025 | Fanny Roux

The European Commission has proposed amendments to the Markets in Financial Instruments Directive and to the Prospectus Regulation, in a new package proposal aimed at extending supportive measures to small mid... (more story)

Crypto firms see UK minister acknowledge concern over lack of banking services (correct*) May 21, 2025 | Phoebe Seers

The UK government is in discussion with banks over the inability of cryptoasset business to access critical banking services, a minister has said. The crypto sector has long complained that they are shut out f... (more story)

T+1 trade settlement adopted by EU lawmakers with securities financing exemption May 20, 2025 | Fanny Roux

EU lawmakers adopted their stance on the one-day trade settlement cycle, or T+1, today, with an amendment exempting securities financing from this shorter settlement cycle — a position aligned with the member ... (more story)

Barclays boss Maru warns against UK ring-fencing reforms May 20, 2025 | Phoebe Seers

The UK has ridden out recent global financial shocks thanks in part to its ring-fencing regime, Barclays CEO Vim Maru said today as he cautioned lawmakers against repealing one of the more significant regulato... (more story)

South Korea's Democratic Party readies sweeping digital asset legislation May 20, 2025 | Jenny Lee

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 year’s Virtual Asset User Protection Act. The... (more story)

UK 'buy now, pay later' regulation to be in place by mid-2026, government says May 19, 2025 | Phoebe Seers

"Buy now, pay later" providers such as PayPal and Klarna should be regulated by mid-next year, the UK government said today as it introduced legislation into Parliament. It has not yet decided exactly which ty... (more story)

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Will EU retail investment strategy talks end in deadlock? Stand by for June 3 May 21, 2025 | Fanny Roux

EU governments and the European Parliament will meet on June 3 to resume negotiations on a final text for the Retail Investment Strategy package proposal, aimed at fostering retail investment in Europe, MLex u... (more story)

US appeals court questions suggest CFPB to be left in tatters May 19, 2025 | Neil Roland

US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bureau – suggesting that the beleaguered agency... (more story)

UK sanctions regime review lacks detail on beefing up meager enforcement May 16, 2025 | Martin Coyle

UK government plans to consolidate sanctions lists and speed up enforcement of civil-law breaches will be welcomed as aims, but the new plan fails to grasp the nettle of patchy enforcement. The latest look at ... (more story)

Pension funds’ UK investment pledge conditioned on clearing regulatory obstacles May 13, 2025 | Phoebe Seers

A voluntary pledge outlined today by 17 major pension providers to allocate more funds to UK companies lands shortly before a major review of pensions investments that could mandate such an approach. While see... (more story)

US SEC’s eased $50 million pact with crypto firm Ripple Labs another Trump retreat May 09, 2025 | Neil Roland

The US Securities and Exchange Commission's $50 million settlement with Ripple Labs — down from a $125 million court order — is the latest Trump administration retreat on cryptocurrency enforcement, potentiall... (more story)

UK sanctions watchdog talks tough on enforcement but lacks bite May 08, 2025 | Phoebe Seers and Martin Coyle

The UK’s sanctions enforcer took to its blog today to get across the message of how seriously it takes non-compliance with information requests. A recent penalty that OFSI imposed on Svarog Shipping & Trading ... (more story)

Huione Group is a ‘significant node’ of the money laundering ecosystem, US says May 02, 2025 | Samuel Rubenfeld

When Huione Group was contacted last year by an Australian media outlet about allegations that it was being used to launder money for the online scam industry, the Cambodian financial conglomerate acknowledged... (more story)

US Fed governor’s testimony spurs scholars’ concerns about Fed’s independence May 02, 2025 | Neil Roland

The Senate testimony of Michelle Bowman, President Donald Trump’s nominee for the US Federal Reserve’s top banking regulator, is generating concerns among legal scholars for its potential threats to the Fed’s ... (more story)