government policy
- Finance
Make post-Brexit rules more competitive for City banks, government told
The government is under pressure again to ensure the City can prosper on the global stage in the wake of…
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FDA panel to review Pfizer and Moderna vaccines for children aged six month to 4 years on June 15
The Food and Drug Administration said Monday an advisory panel would meet June 15 to discuss use of the vaccines…
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The Fintech Files: Kalifa’s rallying cry, pro traders pick bitcoin and Klarna to axe jobs
A little over a year ago, Ron Kalifa’s review into Britain’s fintech scene landed – and it caused quite a…
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KPMG fined £3.4m over ‘serious failures’ in Rolls-Royce audit
KPMG has been fined £3.4m and issued a severe reprimand by its regulator for “serious failures” in its audits of…
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Philadelphia reinstates face-mask mandate for students and teachers, and WHO head warns pandemic ‘most certainly not over’
Philadelphia has reinstated a face-mask mandate for students and teachers that comes into effect Monday, in its latest move to…
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Ex-BitMEX CEO sentenced over money laundering compliance failure
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months…
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Competition watchdog faces post-Brexit staffing crisis as auditors call for stress tests
The Competition and Markets Authority is struggling to recruit specialists in the wake of Brexit, a new report by the…
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How inflation could help us save money — and the planet
Inflation has many Americans worrying — a jump in prices of groceries and gas means paying more for fewer items,…
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Senate votes against advancing $48 billion aid package for restaurants, other businesses
The Senate on Thursday voted against a motion to proceed on a $48 billion aid package aimed at restaurants, gyms,…
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IRS audit rates keep dropping — especially for the 1%
No matter the size of a household’s budget, the increasingly short-staffed and cash-strapped Internal Revenue Service has been conducting fewer…
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MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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SEC chair Gary Gensler says there is more crypto pain to come
Securities and Exchange Commission chairman Gary Gensler said 18 May he worries that more investors will be harmed in cryptocurrency…
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White House to hold COVID briefing led by new response coordinator Jha, after U.S. official death toll passes one million
Just hours after the official U.S. COVID-19 death toll passed the one million mark, the White House is planning to…
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U.S. COVID cases at highest levels since November, while Northeast and Midwest are above delta peak
COVID cases continued to rise across the U.S. on Monday and were trending at the highest levels seen since late…
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Anti-FCA activists to march on Parliament for better regulation
A campaign group is organising a march on Parliament to protest against a Financial Conduct Authority that it says is…
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SEC chair Gary Gensler says crypto assets are securities and thus ‘core to our remit’
Securities and Exchange Commission chair Gary Gensler said that crypto assets count as a “security contract”, which falls under the…
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FCA sees flood of applicants for prized crypto job
Seventy-six applicants are vying to head up crypto regulation at the Financial Conduct Authority, Financial News can reveal. That is…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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FTX’s crypto clearing plan needs scrutiny, says CFTC chair Rostin Benham
Commodity Futures Trading Commission chair Rostin Behnam said that a proposal by FTX, a crypto derivatives exchange, to create a…
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Crypto’s Wild West needs taming, IOSCO says: ‘It’s time for a sheriff to come to town’
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must brace for a new era…
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Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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Biden mourns one million American lives lost to pandemic, orders flags to fly at half-mast to honor the dead
President Joe Biden mourned the one million American lives lost to the pandemic on Thursday, and said flags will be…
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Businesses Seek to Soften SEC Cyber Rules
Companies including Chevron Corp. , Quest Diagnostics Inc. and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules…
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WHO head censored in China after criticizing zero-COVID policy, and U.S. cases are now up 52% from two weeks ago
The head of the World Health Organization is being censored on China’s internet after criticizing its zero-COVID policy for being…
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Bitstamp CEO Julian Sawyer leaves crypto exchange in surprise move after less than 18 months in role
Julian Sawyer who was serving as chief executive at cryptocurrency exchange Bitstamp has left the company effective immediately. In a…
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FCA staff committee co-chair steps down over pay changes
A co-chair of the staff body that represents employees at the City regulator has resigned after the Financial Conduct Authority did…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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FCA strike sees staff picket Stratford HQ: ‘Hey, hey, FCA much more work and much less pay’
Around 40 staff picketed the Financial Conduct Authority’s headquarters in Stratford this morning as employees began the first industrial action…
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WHO says true COVID death toll is 15 million, far higher than the 6 million counted by Johns Hopkins
The World Health Organization said Thursday that new estimates show that the full death toll associated either directly or indirectly…
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UBS’ firing of a senior investment banker was defamatory, US watchdog rules
UBS’ rationale for the 2018 firing of a senior investment banker was defamatory and should be expunged from his record…
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Binance chooses Paris as its European trading hub
Binance, the world’s largest crypto exchange, is planting a foot in Paris as it seeks to establish itself as a…
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Banks’ post-Brexit ‘desk-mapping’ review will end up being a damp squib, City predicts, as finish line nears
A major review into how UK banks structure their operations in the EU after Brexit could end in an anticlimax,…
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An Audience with Standard Chartered’s Tracey McDermott: Why a global ESG standard won’t work for banks
Tracey McDermott wants to help solve the climate crisis. For a time, she was in charge of the Financial Conduct…
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Firms fear losing access to clients as FCA ramps up ‘use it or lose it’ drive
Finance firms are scrambling to avoid losing permission to offer crucial services to clients after the Financial Conduct Authority flooded corporate…
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SEC to Hire More Crypto Cops to Fight Digital Frauds
WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other…
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San Francisco–area transit system reinstates face-mask mandate, and FDA committee is set to review Novavax vaccine in June
San Francisco’s Bay Area Rapid Transit system is reinstating a face-mask mandate for riders, making it the only big transit…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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LSE boss Julia Hoggett: Capital markets seen as something that ‘enables bankers to drive Lamborghinis’
The chief executive of the London Stock Exchange said that the UK capital markets need to change their image from…
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Pandemic is not over yet, says Dr. Fauci, and WHO says omicron accounted for 99.7% of all cases sequenced in latest week
Just hours after saying the U.S. was out of the “pandemic phase,” Dr. Anthony Fauci, President Joe Biden’s chief medical…
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