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Financial Services
Editor's Picks
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Corsa Coal sales executive found guilty in US bribery trial
A former coal sales executive was found guilty in the US of his role in a scheme to bribe officials of an Egyptian state-owned company for $140 million in contracts.
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US order on chatbot privilege underscores lack of privacy for AI conversations
Criminal defendants can't assume their litigation-related conversations with chatbots will remain confidential, a Tuesday order out of the Southern District of New ... (more story)
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Former coal executive approved intermediary’s invoices, US jury told
Former coal sales executive Charles Hunter Hobson signed off on every invoice submitted by the company’s agent in Egypt, even those that seemed unusual, Hobson's ex... (more story)
Insight View More
The UK government has set out plans to create a new framework for recognizing overseas prudential regimes, shifting formal designation powers from retained EU law mechanisms to Britain’s finance ministry.
French energy group TotalEnergies is on trial this week, as a Paris court is tasked with determining whether climate change falls within the scope of France's duty of vigilance law. In an opinion seen by MLex,... (more story)
EuroCTP, the provider selected for the EU equity consolidated tape, is considering bidding for the UK equity tape’s separate tender process. The group will determine its participation once the Financial Conduc... (more story)
Bank lending to non-depository financial institutions has been the fastest-growing loan segment since the 2008-2009 Global Financial Crisis, rising nearly three times as quickly as the next-fastest-growing seg... (more story)
The Financial Conduct Authority has signalled that its proposed £11 billion car finance redress plan will change following industry consultation. The financial sector has lobbied the watchdog to ease its plan.... (more story)
Spain is pushing for renewed discussions on an EU-wide securitization platform, with a group of willing member states exploring pilot projects to better integrate the bloc’s capital markets — known as the Euro... (more story)
The US Federal Reserve plans soon to re-issue Basel III rule proposals aimed at increasing bank incentives to engage in mortgage origination and servicing, Fed Vice Chair for Supervision Michelle Bowman said. ... (more story)
A meeting of EU finance ministers to discuss a controversial package of measures to strengthen the bloc’s financial market integration and supervision will be brought forward by one month to May, Cyprus, the c... (more story)
Comment View More
Criminal defendants can't assume their litigation-related conversations with chatbots will remain confidential, a Tuesday order out of the Southern District of New York shows. It’s the second reminder this yea... (more story)
The UK's financial regulator is considering a new £10 million wealth threshold to allow high-net-worth individuals to forgo retail investor protections — a move that sparked industry and consumer debate. The f... (more story)
UK financial services’ adoption of AI is already benefitting from stress-testing techniques developed for assessing military uses of AI that can help the financial regulator understand what’s going on under th... (more story)
The issue of reviewing the EU bank capital framework will be raised by some member states during an informal meeting of EU leaders on competitiveness on Feb. 12 at a castle in eastern Belgium. These informal d... (more story)
Resilience, backed up by supervision, is the key to the European banking sector’s competitiveness, Patrick Montagner, a member of the European Central Bank supervisory board, has told MLex, hitting back agains... (more story)
Dassault Aviation will argue to EU judges on Tuesday that business aircraft were unlawfully excluded from the bloc’s green taxonomy. The case is significant in marking the first time a company has sought to ov... (more story)
The European Commission faces a challenging task weighing up the differing views of supervisors and banks on reforms to streamline the EU bank capital framework. They disagree on the impact of a bank's capital... (more story)
US Federal Trade Commission antitrust enforcers across the Biden and Trump administrations agree that employers’ pervasive use of unlawful restrictions on labor mobility are causing harm to workers, competitio... (more story)