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Financial Services
Editor's Picks
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UK investment funds urged to adopt T+2 settlement alongside T+1 securities shift
Britain's investment funds have been urged by three leading industry bodies to shorten and standardize fund settlement timings to a maximum of two days, known as T+... (more story)
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South Korea's Democratic Party readies sweeping digital asset legislation
South Korea's Democratic Party of Korea is accelerating efforts to introduce a comprehensive framework law on digital assets — a long-anticipated follow-up to last ... (more story)
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Convicted investment fraudsters in UK hit by GBP300,000 confiscation order
Three convicted investment fraudsters in the UK are the subject of confiscation orders totaling more than 300,000 pounds. The Financial Conduct Authority said the m... (more story)
Insight View More
US Securities and Exchange Commission Chair Paul Atkins acknowledged a $300 million budget shortfall in absorbing the Public Company Accounting Oversight Board if the independent audit overseer is folded into ... (more story)
US Securities and Exchange Commission Chair Paul Atkins told lawmakers he will “push back” on a 2024 EU directive on human rights and climate change. “I will definitely take steps with our counterparts abroad ... (more story)
United Insurance Brokers Limited was today given a trial date of June 2027 over a charge brought by the UK’s fraud agency that it failed to prevent bribery in Ecuador. The prosecutor alleges that millions of d... (more story)
The move to a one-day securities trade settlement in the EU is set to be more expensive than it had been in the US last year, a report from advisory firm Firebrand Research has found. Global custodians — finan... (more story)
Closer ties in financial services were kept out of recent EU-UK reset talks because it isn't a priority in most EU countries as they don't have large sectors and it doesn't enjoy much "political capital," the ... (more story)
Rockfire Investment Finance is under investigation by the UK’s Serious Fraud Office over allegedly fraudulent solar farm bonds it sold to a UK council. The SFO said it had issued a series of notices compelling... (more story)
Forensic accountants investigating a massive fraud at NMC Health found internal “cheat sheets” in the company’s systems setting out its true financial position and detailing how “significant payments” were mad... (more story)
The UK’s financial markets watchdog has announced it will start disclosing its investigations into unregulated firms, or suspected unauthorized activity, as part of three key revisions to the information it pr... (more story)
Comment View More
Comment: A major US banking group has called for the Federal Reserve to “recognize the liquidity value” of having banks preposition collateral at its discount window in the wake of the 2023 banking failures – ... (more story)
Italian lender UniCredit's announcement today that it will double its stake in Alpha Bank received a nod from the Greek government — a stark contrast to Germany's critical reaction over UniCredit's recent offe... (more story)
While the US Supreme Court explicitly spared the Federal Reserve from the brunt of its decision on agency independence, the court was conspicuously silent on other purportedly independent bodies, including the... (more story)
The rancorous fallout of Mastercard's modest settlement with Walter Merricks in his UK class action against the card giant over card fees has set off concerns for the collective-action regime that were reignit... (more story)
EU governments and the European Parliament will meet on June 3 to resume negotiations on a final text for the Retail Investment Strategy package proposal, aimed at fostering retail investment in Europe, MLex u... (more story)
US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bureau – suggesting that the beleaguered agency... (more story)
UK government plans to consolidate sanctions lists and speed up enforcement of civil-law breaches will be welcomed as aims, but the new plan fails to grasp the nettle of patchy enforcement. The latest look at ... (more story)
A voluntary pledge outlined today by 17 major pension providers to allocate more funds to UK companies lands shortly before a major review of pensions investments that could mandate such an approach. While see... (more story)