regulatory-framework
FinanceAustralia regulator to ramp up focus on protecting consumer savings
BankingUK finance firms seek ‘bold’ reforms to counter wall st ascendancy
Top StoriesBBVA readies remedies to secure sabadell deal despite competition setback
BusinessGerman regulator sets stamp price guidelines, shrugging off DHL protest
Aussie telecom regulator fines optus $8 million over emergency services outage
Date: November 8, 2024
(Reuters) – Australian telecom watchdog has fined Optus A$12 million ($7.99 million) for failing to provide emergency call services to thousands during a nationwide outage last year, the regulator said early on Friday. The Australian Communications and Media Authority (ACMA) said it found 2,145 customers could not access the emergency call service during the outage...
Temu to be investigated by EU tech regulators over sale of illegal products
Date: October 31, 2024
By Foo Yun Chee BRUSSELS (Reuters) – Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Tuesday, in a move which could lead to hefty fines for the company. The EU investigation will also focus on the...
The UK’s EMIR refit is finally here – is your firm ready?
Date: October 24, 2024
Ben Parker, CEO and founder at eflow Global The long-awaited EMIR Refit regulation has now come into force in the UK. The EU’s deadline came and went in April this year, and now it’s the turn of UK businesses to adhere to the updated regulations – with the added benefit of having had five more...
Why a shift in regulatory enforcement demands a new approach to trade surveillance
Date: October 4, 2024
By Joe Schifano, Head of Global Regulatory Affairs, Eventus. Regulators are changing tack. Significant enforcement actions demonstrate an increasing focus not just on whether market abuse occurs, but whether firms’ surveillance capabilities and internal processes are fit for purpose. One notable case this year involved deficiencies in wash trading surveillance practices. Despite utilizing modules from its vendor,...
Is there a danger of over-regulation stifling competition? – Roger alexander
Date: October 1, 2024
By Roger Alexander, Key Advisor, Chargebacks911 The debate between regulation and competition is one of the longest in modern business, and one of the least likely to ever be satisfactorily resolved. On one hand, supporters of deregulation argue that loosening rules allows companies to create more innovative products or seize upon efficiency savings. Those on...
Lloyd’s of London plans overhaul of ‘unclear’ conduct rules
Date: September 12, 2024
LONDON (Reuters) – Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behaviour could be “unclear”. The Lloyd’s of London market, which employs nearly 50,000 people across insurance underwriting and broking, has come under...