regulation
- Market
FDA panel recommends Pfizer’s COVID-19 booster for 65 and older, but not for the general public
A group of advisors to the Food and Drug Administration on Friday reframed a proposed approval of BioNTech and Pfizer’s…
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FDA committee votes against approving BioNTech and Pfizer’s COVID-19 booster
A group of advisors to the Food and Drug Administration said Friday the regulator should not allow Americans to get…
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WHO warns lack of COVID-19 vaccine supply in Africa could make it breeding ground for new variants and ‘send the whole world back to square one’
The World Health Organization made another urgent plea to developed nations to make a greater effort to get vaccines against…
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Five things in crypto this week: Binance, NFTs and the Walmart hoax
In another busy week for cryptocurrencies, Binance, dogecoin and non-fungible tokens took the spotlight. As regulators continue to clamp down…
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Coinbase applies to join crypto futures market
Cryptocurrency exchange Coinbase has filed an application to be approved as a futures provider, as it seeks to join the…
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Monzo launches buy now, pay later product in Klarna rivalry
Digital bank Monzo has launched its own buy-now-pay-later tool, entering the nascent credit market as rivals such as Klarna fall…
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Scientists continue to say there isn’t enough evidence to support giving COVID-19 boosters to all Americans
The U.S. is days away from President Joe Biden’s target date to begin rolling out COVID-19 booster shots to Americans…
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Why regulators must open up their data to the City
Opening up regulatory data to the public sounds radical, doesn’t it? But there are strong precedents that show it’s technically…
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U.S. passes grim milestone as 1 person in every 500 has now died of COVID, as a debate about the need for booster shots heats up
The U.S. passed another grim milestone in the coronavirus pandemic on Thursday, when the number of fatalities from COVID-19 passed…
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Job hunters are putting their vaccination status on LinkedIn and résumés. Should you do the same?
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
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Cross-party MPs urge government action over fossil fuel lending as UK banks ‘ignore science’ on climate change
The Bank of England should take action to discourage fossil fuel investments by some of the UK’s largest lenders as part…
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Binance CEO eyes restructure to quell regulators’ concerns
Cryptocurrency exchange Binance is to restructure itself around a single centralised business, after regulators voiced concerns that they could not…
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Here’s why the SEC could take aim at stablecoins
The country’s top securities cop is talking tougher on cryptos, especially stablecoins, “staking,” and lending services. Democrats, meanwhile, appear keen…
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UK crackdown on risky trading threatens meme-stock platforms ‘constantly tempting consumers’
The FCA is tightening its grip on high-risk investments in a move experts fear could hit trading platforms offering people on…
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Tom Hayes appeal decision delayed until October
The Criminal Cases Review Commission has confirmed it is aiming to issue a decision in October on whether to refer convicted Libor…
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Deep Dive: Regulatory storm due to ease for Chinese equities
It has been anything but a quiet summer season for Chinese equities. When China pulled the plug on Ant’s IPO…
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FCA set to lift salary freeze as staff push back over pay cuts
The UK’s Financial Conduct Authority is planning to end restrictions on pay rises for its roughly 4,200 employees next year,…
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SEC’s crypto regulation lacks clarity, lawmakers claim, as Gensler hits back at criticism
Securities and Exchange Commission chairman Gary Gensler defended the agency’s approach to enforcing securities laws against companies that deal in…
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House Democrats want tax hikes that are ‘a little less aggressive’ than those proposed by President Biden
Democrats want wealthy Americans and corporations to pay higher taxes in order to help finance a $3.5 trillion budget that…
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BoE’s Bailey ‘sceptical’ big tech could be regulated like banks in digital currency race
Bank of England governor Andrew Bailey has raised the prospect of Threadneedle Street creating its own digital currency amid fears…
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Biden seeks to get 70% of world vaccinated within a year, as unvaccinated Americans continue to account for most COVID cases and deaths
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 surpassed 225 million on Tuesday, as President Joe Biden…
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MPs blast ‘Wild West’ insolvency industry in damning report
A cross-party group of MPs has blasted the UK’s “Wild West” insolvency industry, which they say suffers from widespread structural…
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Biden to announce new pandemic steps ahead of U.N. meeting Tuesday, as global COVID-19 case tally nears 225 million
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed closer to 225 million on Monday, with the…
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Schroders commits to publishing sustainability data in value assessments
The firm’s current AoV approach is aligned with the FCA’s seven areas of focus, and also includes a statement in…
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House Democrats set to propose increase in corporate tax rate to 26.5%
House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3-percentage-point surtax on…
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Epic Games appeals ruling that Apple’s App Store is not a monopoly
Epic Games filed notice that is appealing a federal judge’s decision in a lawsuit alleging that Apple has been running…
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Convicted Libor rigger Tom Hayes battles SFO for return of his passport
Tom Hayes’ legal team are locked in a spat with the Serious Fraud Office over the return of the convicted Libor rigger’s passport, as the UK…
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As the FCA warns over Kim Kardashian’s crypto ad, day traders say they aren’t swayed by online influencers
Social media influencers have less sway on day traders than their own research and technical analysis, new polling found, as…
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Credit Suisse names new chief compliance officer after Archegos shake-up
Credit Suisse has unveiled its new chief compliance officer following the ousting of former boss Lara Warner in the wake…
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Company director jailed for £2.5m money laundering fraud
Richard Faithfull was handed down the five year and 10-month sentence by Judge Tomlinson following a four-day hearing. He has…
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Number of children and teens with COVID-19 exceeds 250,000 for first time since start of pandemic, as mask and vaccination fights continue
The number of children and teens suffering from the coronavirus-borne illness COVID-19 exceeded 250,000 for the first time since the…
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Coinbase boss Brian Armstrong accuses SEC of ‘sketchy behaviour’
T he chief executive of US cryptocurrency exchange Coinbase has launched a broadside against the Securities and Exchange Commission (SEC),…
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FCA urged to show it is listening to staff amid confusion over planned reforms
The Financial Conduct Authority’s board has warned the regulator that it must demonstrate it is “seeking to understand the concerns of staff”,…
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SEC threatens Coinbase with lawsuit over lending program
Coinbase said Wednesday that a US regulator intends to sue it in court if it launches a planned program letting…
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Leaked FCA memo shows bosses seek to quell staff outcry as morale slumps to ‘all-time low’
Bosses at the UK’s Financial Conduct Authority are set to hold weekly morale-boosting meetings with employees, after its latest staff…
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Is it the regulator’s job to name and shame ‘dog funds’?
Asset managers breathed a collective sigh of relief in July when they took a look at the Financial Conduct Authority’s…
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U.S. COVID-19 case tally tops 40 million, and hospitalizations over Labor Day holiday were more than double last year’s
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 221 million on Tuesday, with the U.S.…
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Why financial wellbeing must be the City’s focus after the pandemic
The coronavirus pandemic continues to have an impact on the UK economy and on people’s personal finances. According to the…
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Regulators’ crypto dilemma laid bare as El Salvador banks on bitcoin
The question of what regulators should do about cryptocurrencies is only becoming more complicated, as one small central American nation…
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FCA’s lofty proposals could push firms across tightrope
Philippe Petit’s successful death-defying tightrope walk between New York’s Twin Towers in 1974 was something few would have comprehended as…
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Why we need a crypto regulator
The world’s most powerful regulatory bodies, including those in the US and the UK, have been publicly grappling with how…
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Lower taxes for banks to keep UK competitive, TheCityUK says
The UK government should reduce the overall tax burden on its banks, as well as bolster fintech and future growth…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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Fauci says mu variant isn’t an ‘immediate threat’ to U.S. as delta remains dominant coronavirus strain
The new “variant of concern” of the coronavirus that causes COVID-19 added to the list being monitored by the World…
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FCA employees fear bonus cuts could be worse than predicted
Concerns are mounting amongst Financial Conduct Authority staff that the vast majority of the regulator’s workforce will see their pay cut under…
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FCA staff fight to unionise over bonus cuts as past attempts ‘shot down in flames’
Staff at the Financial Conduct Authority are fighting to form a union over plans to cut pay and perks at…
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FCA staff asked to return to office once a week from November
The Financial Conduct Authority’s London-based employees have been asked to return to the regulator’s London office for at least one…
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Biden says Ida, wildfires show ‘climate crisis’ has struck
WASHINGTON — President Joe Biden on Thursday pledged robust federal help for the Northeastern and Gulf states battered by Hurricane…
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Watchdog accuses KPMG of providing false information during Carillion, Regenersis audit inspections
The UK’s accounting regulator has hit KPMG, a former partner and certain current and former employees, with a disciplinary formal complaint…
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European regulator sees ‘no urgent need’ for COVID-19 boosters, aligning with WHO view and not the U.S.
The European Medicines Agency said Thursday that there is no “urgent need” for COVID-19 booster shots for fully vaccinated people…
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