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

Latest From Huw Jones

Business

Britain eyes phased approach in move to speed up share trading

Britain will push ahead with faster completion of share transactions to catch up with Wall Street, but market participants will be given enough time to adapt their

Britain eyes phased approach in move to speed up share trading
Business

Big Tech move into finance to come under closer EU scrutiny

Tracking how Big Tech is moving into the European Union's financial services sector is challenging, but it currently does not pose a threat to financial stability, the

Big Tech move into finance to come under closer EU scrutiny
Business

EU reinforces tight limits on crypto firms from outside bloc

Crypto companies based outside the EU will only be able to directly serve customers within the bloc under very limited conditions to avoid unfair competition, the

EU reinforces tight limits on crypto firms from outside bloc
Business

City of London remains top global financial centre in own survey

London remains the world's top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation's own

City of London remains top global financial centre in own survey
Business

Britain proposes post-Brexit easing of company listings rules

Britain's markets watchdog has proposed a single entry point to simplify and speed up company listings in the biggest shake up of its kind in three decades to help

Britain proposes post-Brexit easing of company listings rules
Business

Binance might be peak for U.S. crypto enforcement cases, says CFTC official

Enforcement action against crypto firms may have peaked after last month's $4.3 billion settlement with Binance, as such cases provide companies with a "template" for

Binance might be peak for U.S. crypto enforcement cases, says CFTC official
Business

EU watchdog cautions against one-size-fits-all rules for non-banks

Regulators should keep on open mind when writing rules for the world's $239 trillion "non-bank" financial sector to avoid one-size fits all approaches, the EU's top

EU watchdog cautions against one-size-fits-all rules for non-banks
Business

Analysis-When, not if, Europe copies Wall Street share trading reform

The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will come too late to avoid a

Analysis-When, not if, Europe copies Wall Street share trading reform
Business|Economy

Stock exchanges told to improve how they deal with outages

Stock exchanges and other trading platforms should draw up and make public plans for dealing with outages to provide greater predictability for customers, global

Stock exchanges told to improve how they deal with outages
Business|Economy

EU sticks to January 2025 start for final batch of Basel bank capital rules

The European Union said on Thursday it had given final approval to roll out the remaining batch of tougher bank capital rules from January 2025, building on safeguards

EU sticks to January 2025 start for final batch of Basel bank capital rules
Business|Economy

Britain seeks to rein in Mastercard and Visa fees on retailers

There is little evidence that big fee hikes imposed by U.S. duo Visa and Mastercard on retailers have led to a major improvement in service, Britain's Payment Systems

Britain seeks to rein in Mastercard and Visa fees on retailers
Business|Economy

EU states agree on faster tax refunds for cross-border investors

The European Union on Tuesday approved rule changes to speed up how tax is paid on cross-border investments, helping to deepen the bloc's capital market.

EU states agree on faster tax refunds for cross-border investors
Economy

Britain to follow U.S. move to halve stock settlement time

Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on

Britain to follow U.S. move to halve stock settlement time
Economy

Faster U.S. stock settlement poses 'systemic risk' to Europe, asset managers say

Wall Street's move to halve the time it takes to complete a stock trade will create a "systemic risk" in Europe unless market participants get more time to line up

Faster U.S. stock settlement poses 'systemic risk' to Europe, asset managers say
Economy

EU agrees new rules to move euro derivatives clearing from London

The European Union said on Wednesday it has reached a provisional deal on a law aimed at shifting euro derivatives clearing by banks based in the bloc from London to

EU agrees new rules to move euro derivatives clearing from London
Economy

Explainer-What would UK Labour's finance sector plan mean for London's City?

Britain's opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to "unashamedly champion" a financial

Explainer-What would UK Labour's finance sector plan mean for London's City?
Economy

Post-Brexit 'Big Bang' reform of UK financial sector a 'damp squib', say lawmakers

Britain's "big promises" to boost the financial sector's post-Brexit global competitiveness have been a "damp squib", with many of the changes yet to be implemented and

Post-Brexit 'Big Bang' reform of UK financial sector a 'damp squib', say lawmakers
Economy

EU committee backs law to relocate euro clearing from London to bloc

An influential committee of European Union lawmakers voted on Tuesday in favour of a draft law aimed at shifting clearing of euro-denominated derivatives from a post-

EU committee backs law to relocate euro clearing from London to bloc
Economy

Europe should brace for U.S. Treasury clearing rules, says industry body

Europe has nowhere to hide from U.S. plans to mandate clearing of U.S.

Europe should brace for U.S. Treasury clearing rules, says industry body
Economy

Bank of England to review how it stress tests banks

Britain's banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, adding that next year's annual health check of major lenders will

Bank of England to review how it stress tests banks
Economy

Bonds calm as investors hope for subdued U.S. payrolls data

Bonds were calmer on Friday after a pause in a relentless sell-off on 'higher for longer' interest rate worries, helping shares edge up as investors hoped for a subdued

Bonds calm as investors hope for subdued U.S. payrolls data
Business|Economy|Political

City of London calls for financial regulators to find a growth 'mindset'

Britain's regulators lack the mindset to boost growth and the financial sector's global competitiveness, and need parliamentary backing to accept more risk when

City of London calls for financial regulators to find a growth 'mindset'
Business|Economy|Technology

Digitalisation of banking creates new risks, says global watchdog

The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate,

Digitalisation of banking creates new risks, says global watchdog
Business|Economy|Technology

Race for Europe's first 'real-time' stock trade tape heats up

Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better

Race for Europe's first 'real-time' stock trade tape heats up
Business|Economy|News

LSEG positive on Microsoft tie-up progress as investors back CEO pay hike

London Stock Exchange Group reported in-line first quarter earnings and continued progress with its Microsoft tie-up on Thursday, as shareholders approved more buybacks

LSEG positive on Microsoft tie-up progress as investors back CEO pay hike

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