Today: September 21, 2024
Today: September 21, 2024

Latest From Huw Jones

Business|Finance

Britain's insurers told to demonstrate better value for customers

Some of Britain's car, home and other insurers are still unable to show they provide good outcomes for consumers, the country's financial watchdog said on Wednesday, a

Britain's insurers told to demonstrate better value for customers
Asia|Business|Economy|Finance

Wall Street muted as investors look to Fed to confirm rate cuts

Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited confirmation that the U.S.

Wall Street muted as investors look to Fed to confirm rate cuts
Asia|Business|Finance

Stocks extend gains after sell-off amid positive data, Fed's rate signals

The closely watched global equities index advanced on Friday, ending a volatile week unchanged after starting it with a massive sell-off, while

Stocks extend gains after sell-off amid positive data, Fed's rate signals
Business|Economy|Finance

Britain plans traffic light system to end poor-value pensions

Britain's markets watchdog proposed a traffic light system on Wednesday showing savers how much value for money they get from their pension, with laggards possibly

Business|Economy|Finance|Stock Markets

LSEG income surges as Microsoft joint venture moves to next stage

London Stock Exchange Group's income rose strongly in the first half, beating analysts' expectations, helped by progress with its Microsoft joint venture, as well as a

LSEG income surges as Microsoft joint venture moves to next stage
Business|Economy|Environment

Global accounting body wants more rigour in showing climate impacts

A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying

Global accounting body wants more rigour in showing climate impacts
Economy|Finance

UK markets watchdog plans to simplify rules to boost competitiveness

Britain's financial watchdog on Monday launched two reviews of retail conduct and insurance rules to cut costs and improve competitiveness, now that a strict new duty

UK markets watchdog plans to simplify rules to boost competitiveness
Business|Economy|Finance

Coinbase UK unit fined for breaching financial crime requirements

A Coinbase business in Britain has been fined for breaching a regulatory agreement to improve its defences against financial crime, in the first sanction of its kind in

Coinbase UK unit fined for breaching financial crime requirements
Economy|Europe|Finance

ECB scrutinises geopolitical risks for banks after Russia 'lesson'

The European Central Bank's top banking supervisor said on Wednesday she was working on a new framework for assessing how geopolitical risks impact banks, drawing

ECB scrutinises geopolitical risks for banks after Russia 'lesson'
Economy|Finance

Vulnerabilities in non-banks leave door open to 'shocks', says G20 watchdog

Patchy progress on implementing reforms to make money market funds and other types of "non banks" safer has left the global financial system vulnerable to more shocks,

Vulnerabilities in non-banks leave door open to 'shocks', says G20 watchdog
Business|Economy

Late 2027 looms as 'realistic' date for Europe's stock market shake up

A coordinated move by stock markets in the European Union and Britain to catch up with Wall Street by halving the settlement time for transactions could realistically

Late 2027 looms as 'realistic' date for Europe's stock market shake up
Business|Economy

Global regulators tighten rules on banks outsourcing services

Board directors of banks must take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer services

Global regulators tighten rules on banks outsourcing services
Business|Economy

EU banks vulnerable to real estate 'cracks', says watchdog

Banks in Germany, France and elsewhere in the EU have lent more than 1.4 trillion euros ($1.5 trillion) to the commercial real estate sector, leaving some lenders

EU banks vulnerable to real estate 'cracks', says watchdog
Economy

No link between social media stock tips and big returns in long run, says EU watchdog

Choosing stocks based on social media tips might generate big returns in the short term but not in the longer run, and the influence of such tips raises concerns over

Business|Environment

ISSB seeks to harmonise disclosures on corporate climate transition plans

The International Sustainability Standards Board (ISSB) said on Monday it would publish guidance to harmonise how companies across the world publish details on their "

Business|Economy

Stocks dip as investors digest inflation data; bond yields up

Global stock indexes edged lower on Friday, reversing early gains as investors absorbed data that showed U.S. inflation was flat in May but in line with

Stocks dip as investors digest inflation data; bond yields up
Business|Economy

EU watchdog calls out banks for inflating capital buffers

Banks in the European Union could be inflating the value of high-risk debt used to plug gaps in capital buffers intended to provide protection in the event of a crisis,

EU watchdog calls out banks for inflating capital buffers
Business|Economy

Europe may need law to order faster stock settlement, say EU officials

Legislation may be needed to mandate halving the time it takes to settle a stock trade in the European Union to catch up with Wall Street, given the "doubling down in

Europe may need law to order faster stock settlement, say EU officials
Business

Global watchdog to report in October on how social media fuels bank runs

Global financial regulators will present the G20 in October their findings from a "deep dive" on how social media can speed up bank deposit outflows and whether changes

Global watchdog to report in October on how social media fuels bank runs
Business|Economy

US urges Britain to pick a date for stock market shake up

Britain should set a date for halving the time it takes to settle a stock trade - and stick with it, U.S.

US urges Britain to pick a date for stock market shake up
Business|Economy|Environment

EU regulators propose shake-up of sustainable investment labels

European Union regulators proposed sweeping changes on Tuesday to the bloc's rules on labelling sustainable investments, to give investors simpler and clearer

EU regulators propose shake-up of sustainable investment labels
Business|Economy

EU finance chief says ditch national symbols to boost capital market

Merging national stock exchanges and clearing houses and pan-EU supervision are the next steps needed to achieve a better capital market for the bloc, its financial

EU finance chief says ditch national symbols to boost capital market
Business

G20 watchdog says 'non-banks' should hold more cash to cope with margin spikes

"Non-banks" such as insurers, hedge funds, family offices and commodities traders should hold sufficient cash and draw up contingency plans for coping with spikes in

G20 watchdog says 'non-banks' should hold more cash to cope with margin spikes
Business

New York keeps top spot, London second in Z/Yen financial centre survey

New York easily remains the world's top financial centre, cementing its position for the past six years after it overtook London, in second place ever since, ahead of

New York keeps top spot, London second in Z/Yen financial centre survey
Business

Britain proposes 'debanking' law after NatWest debacle

Britain proposed a draft law on Thursday that will compel banks to give customers three months' notice and an explanation before closing their accounts, after former

Britain proposes 'debanking' law after NatWest debacle

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