regulatory-framework
Top StoriesAI’s use in finance may need new rules, ECB says
Top StoriesEurope’s SMEs need one set of rules, report to say
Top StoriesUK watchdog refers vodafone, three deal to in-depth probe
Top StoriesGoogle, Apple breakups on the agenda as global regulators target tech
China sets higher bar for consumer finance companies
Date: March 18, 2024
China sets higher bar for consumer finance companies BEIJING (Reuters) -China has changed the rules for consumer finance firms for the first time in a decade, setting a higher bar for non-bank financial businesses providing small personal loans in the world’s second-largest economy. The stricter measures, which will take effect on April 18, come amid...
UBS’s rescue of credit suisse has created new risks for Switzerland, OECD says
Date: March 14, 2024
UBS’s rescue of Credit Suisse has created new risks for Switzerland, OECD says ZURICH (Reuters) – UBS’s rescue takeover of Credit Suisse a year ago has created “new risks and challenges” for the Swiss economy, the Organisation for Economic Cooperation and Development said on Thursday, the latest international forum to raise concerns about the deal....
Europe one step away from landmark AI rules after lawmakers’ vote
Date: March 13, 2024
Europe one step away from landmark AI rules after lawmakers’ vote By Foo Yun Chee STRASBOURG (Reuters) -Europe moved closer to adopting the world’s first artificial intelligence rules on Wednesday as EU lawmakers endorsed a provisional agreement for a technology whose use is rapidly growing across a wide swathe of industries and in everyday life....
Global watchdog proposes new ethics code to combat greenwashing
Date: January 29, 2024
Global watchdog proposes new ethics code to combat greenwashing By Simon Jessop and Huw Jones LONDON (Reuters) – Firms that check environmental, social and governance claims made by companies will be asked to follow a proposed new ethics code to help combat greenwashing, the chief of a global standards body told Reuters. Trillions of dollars...
EU agrees on stricter rules to combat moneylaundering and capture cryptoassets
Date: January 18, 2024
EU agrees on stricter rules to combat moneylaundering and capture cryptoassets By Huw Jones LONDON (Reuters) – The European Union reached a provisional deal on Thursday to improve how national authorities work with each other to combat moneylaundering, including in the crypto sector. Representatives of EU states and the European Parliament reached the deal in...
Asset managers face tougher rules on investor cash calls
Date: December 20, 2023
Asset managers face tougher rules on investor cash calls By Huw Jones LONDON (Reuters) – Global regulators published tougher rules on Wednesday for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without the need for emergency liquidity from central banks. Regulators have been scrutinising the ability of...