G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse February 16, 2023 By Huw Jones The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in...
EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations February 10, 2023 By Huw Jones A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to...
Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official February 8, 2023 By Huw Jones A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size...
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets February 2, 2023 By Huw Jones and Elizabeth Howcroft Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the...
British Financial Services Damaged by Slow Supervisors, Report Warns January 27, 2023 By Huw Jones Britain’s regulators can be slow, inefficient and unpredictable, raising costs and slowly damaging the financial sector’s global competitiveness, industry body...
Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout January 17, 2023 By Huw Jones and David Milliken Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened...
Germany Joins Opposition to EU Ban on Commission-Based Financial Products January 17, 2023 By Huw Jones Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital...
Fund Groups Warn Against EU Idea of Legally Defining ‘Greenwashing’ January 17, 2023 By Simon Jessop and Huw Jones LONDON, Jan 16 (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the...
Climate Change Could Cost Pension Funds Billions of Euros: EU Watchdog December 14, 2022 By Huw Jones Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to...
UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...