Financial Services

EU governments are rushing to secure a deal on the Market Integration and Supervision Package when finance ministers meet in Luxembourg on Oct. 9. Significant work remains to reach a compromise, with the marke... (more story)

Swedish-Czech national Paulina Dejmek Hack, who has over two decades of experience in EU financial services regulation and capital markets policy, has been appointed to head up the European Commission's Financ... (more story)

The US finance industry must move carefully with developing artificial intelligence in payments due to an “asymmetry” in threat actors’ potential exploitation of vulnerabilities and the cybersecurity defense a... (more story)

EU governments and lawmakers have agreed key provisions of a plan to revitalize the bloc's securitization market, paving the way for a possible deal on the reform as a whole at their next negotiating meeting o... (more story)

Centralized supervision of asset managers was ultimately not included in a compromise proposed by key EU lawmaker Eero Heinäluoma on the Market Integration and Supervision Package, a draft obtained by MLex sho... (more story)

US elected officials have the responsibility to decide on appropriate use of artificial intelligence in the financial sector, Federal Reserve Governor Lisa Cook said. The Fed’s only role with AI should be as a... (more story)

Paresh Raja, the founder of mortgage broker Market Financial Solutions, has blamed Barclays for the collapse of the company with debts of more than £1 billion, adding that he wasn’t responsible for fraud there... (more story)

EU lawmakers are preparing a non-binding position on banking competitiveness following the publication of the European Commission’s report on the matter in July. The European Parliament’s Economic Affairs Comm... (more story)