Fed’s Bostic says events in UK could raise economic stress in Europe, US.

Woman holds British Pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – Events in the United Kingdom, with new government fiscal plans triggering a rapid sell-off in the British pound, reflect rising uncertainty about the direction of the country’s … Read more

US SEC unveils Treasury market clearing reforms to address resilience fears

The seal of the US Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, DC, US, May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 14 (Reuters) – The US Securities and Exchange Commission (SEC) on Wednesday unveiled … Read more

Bank of England proposes “more British style” of finance regulation

General view of the Bank of England in London, Britain, October 22, 2021. REUTERS/Tom Nicholson/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 8 (Reuters) – The Bank of England said on Thursday it would move to a “more British style of regulation” for the country’s huge financial services industry as … Read more

ECB approves Monte dei Paschi capital raising amid uncertain markets

Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 5 (Reuters) – Monte dei Paschi di Siena (BMPS.MI) secured approval from the European Central Bank on Monday for its planned capital raising, although the state-owned Italian bank still needs to overcome volatile markets. Shareholders in Monte dei Paschi (MPS) – 64% owned by … Read more

Explainer: Britain and regulators square up over post-Brexit financial reform

LONDON, Aug 11 (Reuters) – Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest market reform in two decades is expected by May 2023. Liz Truss, the front-runner to become Britain’s next prime … Read more

Provident Financial returns to interim profit as wind-down costs fall

Provident Financial Group logo is seen on a smartphone in front of displayed stock graph in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – British subprime lender Provident Financial (PFG.L) returned to interim profit on Wednesday, as costs related to the wind-down … Read more

Britain kicks off post-Brexit ‘transformation’ of finance

LONDON, July 19 (Reuters) – Regulators will have to promote the global competitiveness of Britain’s financial sector or could face mandatory reviews of their rules, UK finance minister Nadhim Zahawi said on Tuesday. He confirmed that a long-awaited financial services and markets bill will be introduced before parliament on Wednesday to “capitalize on the benefits … Read more