Regulation/Government Policy
- Market
Opinion: This is the tipping point for when people vaccinated against COVID-19 should mask up again indoors
With the highly infectious delta coronavirus variant spreading at an alarming rate, the World Health Organization in late June 2021 urged people to again…
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With COVID cases rising in all 50 states, CDC head urges unvaccinated to get their shots; U.S. ‘not out of the woods yet’
The U.S. is not out of the woods yet as COVID-19 cases are rising in all 50 states, driven by…
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FCA staff receiving stress-related counselling triples in ‘challenging’ pandemic year
The numbers of Financial Conduct Authority staff receiving counselling for “work or external stress” tripled during the first year of a…
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Biden says COVID-19 fast becoming pandemic of unvaccinated, hopes children under 12 can join program ‘within months’
The coronavirus pandemic is fast becoming one for those people who have not yet gotten vaccinated, a frustrated President Joe…
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The FDA may not fully approve a COVID-19 vaccine until January. Here’s why
It looks as though the first full approval of a COVID-19 vaccine will happen by January at the latest, according…
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The FCA planned to double its Scottish workforce by now. Here’s why it missed its target
Headcount in the Financial Conduct Authority’s Scottish office jumped by only 18% in the two years after the watchdog’s 2019…
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View: Is Brussels taking dirty money seriously?
Preventing and combating money laundering and terrorist financing has been on the EU’s agenda for more than 30 years. The…
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Delta variant of SARS-CoV-2 will likely be dominant strain globally within months after spreading to 124 countries, says WHO
The highly transmissible delta variant of SARS-CoV-2, the coronavirus causing the disease COVID-19, is now present in 124 countries and…
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U.S. warns travelers to avoid U.K. as long as delta variant of COVID is rampant, and study finds India death toll likely 10 times higher than official count
One day after the U.K. lifted its COVID-19 restrictions and allowed its citizens to gather maskless in bars, restaurants and…
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Greensill scandal spotlights risks of non-bank finance sector
The Greensill Capital scandal has shone a spotlight on the risks involved with non-bank firms spreading into areas of finance…
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U.K. drops COVID restrictions against advice of experts, and delta variant drives cases higher across the U.S.
The global tally of confirmed cases of COVID-19 climbed above 190.5 million on Monday, as the U.K., against the advice…
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Lawmakers and accountants lobby for solid crypto accounting rules
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for…
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Law firm Charles Russell Speechlys pursues celebrity fintech Lanistar over unpaid debt
Celebrity fintech Lanistar is being pursued by a law firm over an unpaid debt, marking the latest blow in a series…
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Regulators tell banks it is time to start using SOFR and ditch Libor
Regulators are ramping up efforts to end Libor trades by the end of the year. The Commodity Futures Trading Commission…
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Bank of England’s Bailey: Crypto won’t get a ‘free pass’ on innovation
Bank of England governor Andrew Bailey has warned that cryptoasset firms will not get a “free pass” to innovate from regulators,…
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Audit regulator could boost headcount 70% as boss fears FRC will be ‘spread too thin’
The audit watchdog could increase its headcount by more than 70% to deal with its new responsibilities under government reform…
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COVID-19 cases now rising in all 50 states, as global tally tops 189 million
The global tally of confirmed cases of COVID-19 climbed above 189 million on Friday, as the highly transmissible delta variant…
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Binance abandons crypto tokens pegged to listed stocks
Cryptocurrency exchange Binance has stopped offering digital tokens tied to the value of listed equities, amid wider regulatory scrutiny of…
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Binance targeted by Italian regulator as global crypto scrutiny heats up
Italian banking regulator Consob has warned consumers that Binance is not authorised to conduct regulated investment services and activities in…
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Didi Faces a Cybersecurity Probe From Officials in China
Didi headquarters in Beijing earlier this year. Photo: Yan Cong/Bloomberg News Updated July 16, 2021 3:02 am ET SINGAPORE—China sent…
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Powell’s future in question as Warren blasts Fed for being too easy on the biggest banks
Two leading Senate Democrats on Thursday were sharply critical of Federal Reserve Chairman Jerome Powell’s record as a bank regulator,…
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U.S. COVID-19 cases more than double in two weeks as delta variant spreads fast, and WHO warns ‘pandemic nowhere near finished’
The number of new cases of COVID-19 in the U.S. has more than doubled in the last two weeks, as…
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FCA suspects insider dealing in almost 25% of activity in 2020
The Financial Conduct Authority found examples of possible insider dealing in 21.9% of the activity it monitored in 2020, up from 17.5%…
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City watchdog to recruit 100 staff to toughen up entry requirements for UK markets
The Financial Conduct Authority is set to toughen up its regulatory requirements for new entrants to UK markets. The watchdog…
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FCA to warn investors of cryptocurrency risks in £11m marketing campaign
The Financial Conduct Authority is spending £11m on a digital marketing campaign to warn investors over the risks of putting…
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FCA Brexit bill hits £10m as watchdog pledges not to undercut EU standards
The UK’s departure from the EU is set to cost its financial regulator some £10m in 2021/22, according to its…
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Delta variant drove COVID-19 cases higher across the globe last week — including in the U.S.
The highly transmissible delta variant of COVID-19, now present in 111 countries, drove cases higher across the globe in the…
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Pfizer is making the case for COVID-19 boosters. Health officials say we don’t need a third dose yet. Who’s right?
A very public regulatory debate about COVID-19 booster shots has seemingly put Pfizer at odds with federal health officials who…
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City firms given ‘how to be inclusive’ guide for managers
Financial services firms should gather data on their employees’ faith, sexual orientation and socio-economic background in order to create a…
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Legal & General chair Sir John Kingman blasts government over neglect of audit regulator
The chairman of Legal & General Sir John Kingman has said it is “indefensible” that audit regulator the Financial Reporting…
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WHO head slams countries for ordering millions of COVID booster shots, when much of the world has not even vaccinated the most vulnerable
The head of the World Health Organization slammed countries and regions that are ordering millions of booster doses of COVID-19…
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Binance suspends sterling withdrawals following partner exit
Cryptocurrency exchange Binance has suspended withdrawals in sterling again, after one of its key partners terminated its agreement with the…
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Only five London bankers fired in wake of conduct rules — ‘Those are very, very low numbers’
Just five senior bankers in the UK have been fired for “disciplinary reasons” in the five years since the introduction…
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EU set to delay digital levy plans as G20 backs global tax deal
The EU is set to push back plans to introduce a levy on large internet companies, following the endorsement of…
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‘If the EU is unduly difficult, we may change our approach’: MP Bim Afolami on saving post-Brexit regulation
In the embers of Brexit, a battle for the soul of the City is raging. In one camp are those who believe…
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Police open probe as three England players who missed penalties in loss to Italy face racist abuse
LONDON (AP) — British police opened investigations Monday into the racist abuse of three Black players who missed penalties in…
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Fauci says COVID-19 vaccine boosters not needed for now, with delta variant mostly infecting the unvaccinated
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and a top medical adviser to President Joe…
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View: The secret to killing the army of zombie firms that Covid has left us
As Western economies emerge from the Covid-19 pandemic, banks and governments are facing a new problem: how to deal with…
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TikTok owner ditched IPO plans on Chinese regulators’ data security fears
ByteDance, the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this…
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FCA hits Lloyds with £90m fine for misleading insurance customers
The Financial Conduct Authority has fined Lloyds Banking Group’s insurance arm more than £90m for misleading customers in home insurance…
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Audit regulator doubles lawyer staff in bid to ‘speed up’ City investigations
The UK’s audit regulator has nearly doubled the number of lawyers it employs over the past four years as it…
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Delta variant of COVID-19 is forcing Asian countries to lock down, while Africa suffers its worst week a year and a half into the pandemic
In the latest sign of the uneven state of the coronavirus pandemic around the world, a slew of countries in…
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Biden to sign executive order that aims to rein in big business
President Joe Biden on Friday afternoon is slated to sign an executive order that seeks to rein in the power…
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Inside the government’s mighty art collection
Expensive art collections don’t exactly chime with the current era of government austerity, but this has not stopped the UK’s top…
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View: Want to list your weed company? You’ll have to get past the FCA first
If someone told you they wanted to list their cannabis business on the stock market, you would be tempted to throw…
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UK should rethink how foreign firms access its markets, says lobby group
The UK government needs to rethink rules governing international financial institutions’ access to its markets post-Brexit to attract business from…
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Delta variant of COVID-19 poses risk to unvaccinated Americans and could reverse declining cases and deaths, report warns
The official global death toll from COVID-19 climbed above 4 million on Thursday, with the U.S. continuing to lead the…
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‘We should have pushed harder’ for Brexit equivalence, says UK fintech boss
Don’t give up on equivalence, the UK boss of electronic trading platform MarketAxess says, just days after the UK’s chancellor…
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FCA board mulls staff retention risk as watchdog eyes major reform
The Financial Conduct Authority’s board has warned the regulator must stay watchful over potential staff departures as its new chief executive…
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New daily COVID-19 cases and deaths spike to 6-week highs as delta variant spreads rapidly
New daily COVID-19 cases and deaths jumped to six-week highs, as the delta variant has continued to spread rapidly to…
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