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Financial Services
Editor's Picks
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FTX's Bankman-Fried faces skeptical US court over claim of unfair fraud trial
A US federal appeals court was skeptical of claims made Tuesday by a lawyer for FTX founder Samuel Bankman-Fried that his conviction on fraud and conspiracy charges... (more story)
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JPMorgan compliance staff drafted anti-trafficking policies as bank kept Epstein
In 2010, as JP Morgan Chase retained convicted sex offender Jeffrey Epstein as a client, its anti-money laundering compliance team worked on a project to protect th... (more story)
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Life insurers' systemic importance said to have swelled since 2008 crisis
Since the 2008 global financial crisis, the life insurance industry has undergone a “profound structural transformation” that has increased the sector’s systemic im... (more story)
Insight View More
The Federal Reserve continued its multi-front push to relax bank oversight by changing the agency’s supervisory rating framework to assess large banks’ financial and operational strength. The 2018 framework ev... (more story)
A co-founder of Samourai Wallet received a statutory maximum sentence of five years in prison after pleading guilty in the US to assisting users of the cryptocurrency mixing service with laundering their money.
The EU's rules for fostering sustainable and responsible corporate behavior are an existential risk to affordable energy in Europe, US Energy Secretary Chris Wright said on Thursday in the latest American crit... (more story)
A draft proposal obtained by MLex outlines streamlined sustainable-related disclosure rules for market participants, with financial advisers removed from the scope of the framework. The sustainable finance dis... (more story)
Cryptocurrency exchange Coinbase Europe has been fined €21.4 million by Ireland’s financial regulator, for anti-money laundering breaches linked to transactions worth billions of euros. The Central Bank of Ire... (more story)
Financial services firms have been asked by the European Commission to give feedback on targeted amendments to Basel III market risk rules to shield EU banks from negative capital impacts amid uncertainty over... (more story)
JP Morgan has been fined €45 million by Germany’s financial regulator for “shortcomings” in its money-laundering controls at the US bank's Frankfurt unit. For almost a year it “systematically failed” to submit... (more story)
The US government kept an indictment against a former Goldman Sachs banker sealed until his arrest due in part to concerns about his connections to senior officials in Ghana, an FBI agent testified Wednesday a... (more story)
Comment View More
Euronext has launched an all-share offer on the Greek stock exchange, hoping to add to its EU-wide portfolio of exchanges. The move doesn't need competition approval, has been welcomed by the Greek finance min... (more story)
In 2010, as JP Morgan Chase retained convicted sex offender Jeffrey Epstein as a client, its anti-money laundering compliance team worked on a project to protect the bank from misuse by human traffickers. The ... (more story)
UK banks are stepping up criticism of the Financial Conduct Authority’s proposed redress plan for the car-finance scandal, arguing that it goes beyond what the Supreme Court intended in its August ruling. With... (more story)
As digital advertising faces the increasing scrutiny that comes with mounting litigation and tightened regulation, the US bulk data rule that originated from national security concerns over hostile foreign cou... (more story)
The EU's plan to simplify green reporting rules is in limbo after the European Parliament’s narrow rejection of an “omnibus” directive, just as governments urge swift progress on making the EU more competitive... (more story)
Handing the UK’s financial markets regulator responsibility for supervising accountancy and law firms in relation to money laundering is a bold move, but questions remain as to how the new “super regulator” wi... (more story)
Companies subject to EU sustainability reporting rules risk broader and more uncertain legal liability under a simplification proposal currently under negotiation, lawyers have told MLex. Removing conditions d... (more story)
A legal challenge against the tender for the UK's first single feed of real-time data on bond trades and prices from multiple trading venues risks delaying a key component of efforts to improve transparency in... (more story)