Regulation/Government Policy
- Market
Biden will sign the Inflation Reduction Act today. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
President Joe Biden on Tuesday is scheduled to sign into law the Inflation Reduction Act — the Democrats’ big economic…
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First lady Jill Biden tests positive for COVID, and North Carolina Gov. Roy Cooper ends state of emergency
First lady Jill Biden has tested positive for COVID but is experiencing only mild symptoms as she prepares to isolate…
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U.K. regulator is first to authorize Moderna’s bivalent COVID booster for 18-and-older population
The U.K. regulator has become the first to authorize Moderna’s bivalent COVID vaccine booster for use in adults aged 18…
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Why the UK and US need to join forces on crypto regulation
Timothy Spangler and Daniel Natoff are partners at law firm Dechert While the value of some cryptocurrencies has fallen, and…
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Bank of England governor Andrew Bailey warns MPs: Don’t weaken our independence
Bank of England governor Andrew Bailey has urged politicians not to dilute the bank’s independence as parliament prepares to debate a…
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CDC ends quarantine recommendation for people exposed to COVID, and FDA recommends more than one test if negative
Two federal agencies updated guidance related to COVID on Thursday, with the Centers for Disease Control and Prevention dropping its quarantine…
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Is there a risk index funds could fade after a spectacular run?
Hunter Lewis is CEO of Hunter Lewis and a co-founder and former CEO of Cambridge Associates. He is best known…
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Helena Morrissey: The City’s ‘Big Bang 2.0’ hasn’t gone far enough
Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner The long-awaited…
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Abrdn dives into crypto with stake in digital securities exchange
Abrdn has acquired a stake in digital securities exchange Archax, following through on the £508bn asset manager’s ambitions to enter…
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The UK’s first ever ‘anti-crypto’ conference is not just for haters — regulators want in too
The crypto industry’s recent implosion has shattered confidence in the sector – and caused serious headaches for those looking to…
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Regulators could order hedge funds to disclose crypto exposure
The collapse in cryptocurrency prices this year has left US regulators scrambling to understand the risks that digital asset markets could pose…
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BlackRock is diving into crypto with a bitcoin private trust — here’s what investors need to know
BlackRock is diving headfirst into cryptocurrencies, including a new spot bitcoin private trust for institutional investors. The trust is available…
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Melvin Capital’s risk controls under SEC investigation
The US Securities and Exchange Commission is looking into Melvin Capital Management’s risk controls and investor disclosure after the hedge…
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Gordon Brown calls for tax on City bonuses to ease cost-of-living crisis
Former Prime Minister Gordon Brown has called for a tax on bonuses in the City to help combat the cost-of-living…
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Global tally of COVID cases was stable in latest week, while fatalities declined by 9%, says WHO
The global tally of new COVID cases was stable in the week through Aug. 7 from the previous week, while…
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LSE chief Julia Hoggett: ‘Rolling me out as an example of diversity is evidence we haven’t fixed it yet’
Julia Hoggett has not had the easiest of starts at the 220-year-old London Stock Exchange. She took over the role…
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Truss argues for powers to overrule City regulators
Liz Truss is ready to give politicians the power to veto decisions made by regulators if she becomes Prime Minister, as…
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Arsenal crypto ads banned for ‘misleading’ fans
Britain’s advertising watchdog has banned two ads by Arsenal Football Club for its crypto-based fan token scheme, saying they were…
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ESG scandals put pressure on fund boards: ‘If things go pear-shaped, they will be held accountable’
It’s been a tough year for ESG. The swift regulatory response to allegations of greenwashing has spooked asset managers. “When…
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Biden signs into law $280 billion package for chips, scientific research — here’s what’s in it
After long pushing Congress for such legislation, President Joe Biden on Tuesday signed into law a bipartisan $280 billion bill…
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Top BitMEX employee guilty of violating US anti-money-laundering rules
A top employee at BitMEX has pleaded guilty in New York to failing to put in place an anti-money-laundering program…
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Why US lawmakers want bitcoin and ether to be under the scrutiny of the CFTC
WASHINGTON — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest…
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Lawmakers step up crypto scrutiny with second inquiry
A second group of lawmakers has launched an inquiry into the UK government’s approach to the crypto industry. The Crypto and…
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Revolut unleashes fresh crypto push despite sector turmoil
Revolut has announced a fresh push into crypto, with 22 new tokens available to buy and sell on its app,…
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The retail trader army doesn’t understand dark pools
Jeffrey O’Connor is a senior execution consultant and market insight analyst for US equities at Liquidnet The recent surge in…
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Bain mulls legal challenge to UK ban on government contracts
Management consultancy Bain is considering a legal challenge to the UK government’s three-year ban on the firm preventing it from…
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FCA appoints new international division director from Home Office
The Financial Conduct Authority has turned to the Home Office for a new director in its international division. Ruairi O’Connell currently…
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Suddenly, stock-market investors are wrestling with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond…
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