regulation
- 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…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
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…
Read More » - Finance
Banking giants told to move staff to Europe as ECB Brexit review finds ‘empty shells’
A major European Central Bank review has slammed banks for not shifting enough resources to the EU in the wake…
Read More » - Finance
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…
Read More » - Banking
Allianz hit with $6bn fine over fund manager fraud
The Allianz settlement with the US Department of Justice and Securities and Exchange Commission (SEC) is considered to be one…
Read More » - Finance
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…
Read More » - Market
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,…
Read More » - Market
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,…
Read More » - Market
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…
Read More » - Banking
How the financial industry can help stop modern slavery
Yet the financial industry is largely ignorant of the problem. Asset managers have an important role to play in challenging…
Read More » - Tech
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…
Read More » - Finance
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…
Read More » - Finance
BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules
A group of Republican senators is looking to curtail the power big asset managers like BlackRock and Vanguard have over public companies.…
Read More » - Market
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…
Read More » - Finance
Allianz subsidiary takes $6bn hit after pleading guilty to securities fraud
One of Allianz’s US investing divisions pleaded guilty and agreed to pay more than $6bn in penalties and restitution for a scheme…
Read More » - Finance
Regulators must tackle ‘severe risk’ of greenwashing, IOSCO says
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must tackle rising concerns of greenwashing. “It’s…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
How a stablecoin crash shook the crypto market
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
Read More » - Market
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…
Read More » - Market
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…
Read More » - Tech
UK environment watchdog rebukes government for slow action on nature
Slow progress on the UK’s 25-year environment plan could lead to ecological tipping points such as collapsing fish stocks, says…
Read More » - Tech
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…
Read More » - Market
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…
Read More » - Finance
Unite’s application for recognition by FCA rejected by arbitration watchdog
The Central Arbitration Committee has dealt a blow to Unite, the union that applied for legal recognition as the formal…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
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…
Read More »