Financial Services Financial News

29.07 / 02:59

Twitter regulation SEC Financial Services accountants SEC crypto Warning Hester Pierce strikes back against SEC crypto warning to accountants

Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent statement advising accounting firms against taking on non-audit work for crypto clients.

28.07 / 13:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers Woodford compensation 2024 FCA: Woodford compensation payments could begin as early as 2024

The update revealed the creation of an investor committee to be chaired by Jamie Drummond-Smith, a former Deloitte partner who oversaw the company voluntary arrangement of Arcadia Group as interim chair.

27.07 / 16:19

Adoption Trading Financial Services financial literacy Bears Bulls make money, bears make money, pigs get slaughtered

The crypto market is known for its high volatility, which refers to the rapid and unpredictable price fluctuations of cryptocurrencies. Market sentiment, recent news events, regulation changes, technological advancements, and general market demand and supply are just a few factors contributing to this volatility. Although volatility offers opportunities for gains, it also exposes traders and investors to high losses.

25.07 / 13:55

business Twitter Financial Services elon Financial Elon Musk says X will offer an 'entire financial world' in the coming months

Elon Musk posted an update for users with more information on the rebranding of Twitter to X saying it is part of a larger plan to incorporate financial services on the platform.

24.07 / 08:49

Stablecoin Adoption regulation Financial Services legislation regulatory US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems

The Chairman of the House Financial Services Committee (FSC), Patrick McHenry, announced a markup of a few legislations, three aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.

21.07 / 12:31

regulation Financial Services financial conduct authority FCA Asset Managers Woodford No mention of Odey or Woodford in FCA annual report

Four skilled persons reviews within asset management and alternatives portfolios were carried out over the year to 31 March 2023.

20.07 / 14:25

Provident regulation Extreme CEO Action Financial Services guidance Financial FCA to 'further clarify' non-financial misconduct guidance

Nikhil Rathi (pictured) is the CEO of the Financial Conduct Authority

20.07 / 07:51

PwC UK companies Financial Services private equity UK M&A activity falls in H1 as volume of deals slumps

The report found there was a total of £42.8bn worth of UK deals in H1 2023, a 55% drop when compared to £95bn in H1 2022.

19.07 / 05:27

business regulation FTX Financial Services Financial Australia’s financial regulator cancels license for FTX’s local entity

The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange’s local subsidiary.

18.07 / 10:51

regulation Financial Services ESMA European regulator backtracks on pre-hedging ban but warns of risks

ESMA describes pre-hedging as 'a voluntary market practice which might give rise to conflicts of interest or abusive behaviours'.

17.07 / 10:47

regulation Financial Services Wealth managers FCA Asset Managers Quilter Fund managers financial promotions Financial FCA eyes stringent social media rules in financial promotions crackdown

'We have seen a growing number of ads falling short of the guidance we have in place to stop consumer harm," said Lucy Castledine, director of consumer investments at the FCA.

14.07 / 07:35

Financial Services Diversity services committee Financial Treasury Committee launches inquiry into sexism in financial services

The Treasury Committee is chaired by Harriett Baldwin (pictured).

11.07 / 14:07

regulation Financial Services Wealth managers Asset Managers Fund managers Lawyer Lawyer of alleged Odey victims calls on FCA to ringfence Odey AM assets

She wanted to ensure Odey AM retains enough funds to cover any potential redress the claimants may be awarded in either civil or criminal proceedings.

11.07 / 11:59

business regulation UK government Financial Services ATM UK FCA shuts down 26 crypto ATMs following coordinated investigation

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.

11.07 / 11:59

Adoption Taxes Financial Services Tax reduction financial literacy strategies How to use tax planning strategies for maximum savings

Tax management is an essential component that can have a big impact on your overall savings and investment results. The implementation of efficient tax planning tactics is crucial, regardless of whether you are involved in conventional financial markets or are looking at prospects in the cryptocurrency field.

05.07 / 10:37

Invesco UK Financial Services FCA FCA unveils consolidated tape proposals

A consolidated tape would combine multiple sources of trading data into a single information stream

05.07 / 07:47

regulation companies Financial Services Wealth managers financial conduct authority FCA Investigations FCA confirms investigations into Crispin Odey and Odey Asset Management

While the investigations were opened in mid-2021, Rathi said the regulator had been engaged in “intensive” supervision of Odey AM since 2020. | PA Images / Alamy Stock Photo

03.07 / 11:43

UK Financial Services Treasury ESG FCA IA slams Treasury proposal to exclude raw data from ESG ratings regulation

The IA railed against the Treasury's view that the greatest risk of harm is from unregulated ESG ratings, and not data.

23.06 / 17:49

Binance regulation Financial Services services Financial Belgian financial regulator orders Binance to cease all virtual currency services

The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services.

22.06 / 05:25

Adoption Banks Financial Services Innovators TradFi Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire to return to their old banking lives

16.06 / 05:57

business SEC Financial Services Prometheum Blockchain Assoc. requests info on Prometheum over ‘suspicious’ approval

United States crypto lobby group Blockchain Association has filed a request with the U.S. Securities and Exchange Commission, seeking information about the formerly little-known crypto company Prometheum.

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