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EU bank crisis management framework remains in debate; more talks on April 28 March 25, 2025 | Fanny Roux

EU lawmakers and governments negotiating an overhaul of the bloc's bank crisis management and deposit insurance framework failed to make a breakthrough in a fifth session of talks today and will hold another m... (more story)

Meta in 'last chance saloon' on fraud, UK lawmaker Charters says March 25, 2025 | Phoebe Seers

Social media platforms like Meta have been warned they are in the “last chance saloon” when it comes to their inaction on fraud. Luke Charters, a Labour lawmaker and former regulator, said now is the time for ... (more story)

UK payments regulator’s policy head Fitzgerald quits March 25, 2025 | Phoebe Seers

Kate Fitzgerald, head of policy at the UK Payment Systems Regulator and architect of its fraud-reimbursement regime, is leaving the regulator at the end of April, MLex has learned. News of her departure comes ... (more story)

UK financial sector to see regulator scrap 'outdated' guidance March 25, 2025 | Sofia Gerace

Britain's financial services sector will see the UK Financial Conduct Authority retire over 100 pages of guidance which it says is "outdated," following calls from both the government and the industry for the ... (more story)

EU lawmakers urge European Commission to simplify retail investment text March 25, 2025 | Fanny Roux

The European Parliament and the Council of the EU will not resume their negotiation on the retail investment strategy until the European Commission comes forward with proposals to simplify the text, which aims... (more story)

UK regulator should face inquiry over Woodford scandal, say lawmakers March 25, 2025 | Martin Coyle and Phoebe Seers

UK lawmakers have called for an inquiry into the financial regulator’s handling of the Woodford scandal, which saw hundreds of thousands of investors lose millions of pounds through star stock picker Neil Wood... (more story)

Fintechs promised ‘tech-positive’ approach in UK watchdog's new strategy March 25, 2025 | Phoebe Seers

Fintech companies received a fillip this morning with the UK financial services watchdog setting out a series of ambitions in its five-year strategy that it says will support the next generation of innovation.... (more story)

PwC fined GBP2.8 million by UK watchdog over Wyelands Bank audits March 25, 2025 | Phoebe Seers

PricewaterhouseCoopers has been fined more than 2.8 million pounds for failures in its audit of Sanjeev Gupta’s Wyelands Bank. The lead auditor for the work, Jonathan Hinchliffe, has also been fined 33,400 pou... (more story)

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On EU-level financial supervision, leaders make steps but uncertainty remains March 21, 2025 | Fanny Roux

Regulatory changes to EU financial services are needed to “create truly integrated and deeper European capital markets, by achieving the Capital Markets Union as a matter of urgency,” EU leaders concluded at t... (more story)

Removal of US FTC commissioners stirs court fight on presidential power March 19, 2025 | Claude R. Marx and Dwight A. Weingarten

US President Donald Trump’s firing of Democratic Federal Trade Commission members Alvaro Bedoya and Rebecca Kelly Slaughter is setting up a likely Supreme Court fight that could dramatically reshape the executive branch.

Is EU-level financial oversight growing on governments? Look for clues tomorrow March 19, 2025 | Fanny Roux

Strengthening EU-wide supervision of financial services is back on the agenda for the European Commission, which today put forward proposals as part of its “Savings and Investment Union.” Some EU member states... (more story)

Will UK crypto sector get a real choice over consumer duty or bespoke rules? March 19, 2025 | Phoebe Seers

Responses to a recent consultation on a future UK regulatory regime for cryptoassets show the industry is divided on whether the Consumer Duty, which requires firms to secure good outcomes for consumers, is en... (more story)

Chief UK regulator warns market must be ready for ‘more things to go wrong’ March 18, 2025 | Sofia Gerace

As the UK government asks regulators to help grow the economy and take more risk, the market needs to be ready for “more things to go wrong,” according to Nikhil Rathi, the chief of the UK Financial Conduct Au... (more story)

Why New Zealand is broadening its antitrust focus beyond the grocery sector March 18, 2025 | Saloni Sinha

A push by New Zealand’s center-right government to reinvigorate antitrust policy and enforcement may be driven by a belief, put forward recently by the Organization for Economic Cooperation and Development, th... (more story)

Canada accelerates timeline for anti-money laundering regulatory changes March 17, 2025 | Samuel Rubenfeld

The Canadian government has moved up its timeline for changes to its anti-money laundering regulatory regime, bringing them into force on April 1 – six months earlier than originally proposed. Companies subjec... (more story)

US FTC noncompete rule in jeopardy, but labor restraints remain risky March 13, 2025 | Chris May and Clayton Vickers

A pause on US Federal Trade Commission litigation defending a controversial nationwide ban of noncompete agreements, alongside a new agency labor antitrust task force, has offered a mixed bag for employers try... (more story)