The US banking system is burdened by a convoluted regulatory architecture that leads to inefficiencies and arbitrage
Trade committee chair Liam Byrne writes to FCA and London Stock Exchange after questioning of fast-fashion group
CFPB proposes to put digital wallets under same standard as bank accounts
Hidden commissions to car dealers inflated costs for buyers. The legal fallout could cost banks billions and restrict access to credit
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation
CFTC chair Rostin Behnam will step down on day of president-elect Donald Trump’s inauguration
Report calls for Financial Conduct Authority staff to be retrained and adds to mounting criticism of watchdog
Internal memo reveals multilateral lender’s fear that new rules will put its climate credentials at risk
US central bank’s vice-chair for supervision will leave his role in February but stay on as a governor
Regulator has been accused of piling pressure on companies with a flurry of rulemaking
Information is power, and money
New indictment adds count of money laundering to case against Terraform Labs co-founder
Complex, overlapping rules and burdensome reporting requirements are strangling EU growth
The sector expects lighter regulation and wider adoption under the president-elect, but some worry about systemic risks
FCA has not yet used new powers to fine or prosecute groups that do not co-operate
There is a good chance the Trump administration will take action over the issue after complaints from the right
US watchdog is seeking greater scrutiny over asset management giant’s vast holdings in lenders
Incoming president is picking nominees with vested interests to be in charge of key regulatory areas
Case could give justices a chance to curb the rush to sue in the most ideologically friendly venues
Mario Draghi’s report urging the EU to step up its game uses a buzzword on every Eurocrat’s lips
$10tn money manager agrees to curbs on influencing decisions of mid-sized and regional lenders
US approach to digital currencies will draw business from Europe, industry executives say
Fast-growing Indian market behind only the US in money raised by company listings
Announcement comes a day after central bank unveiled proposed changes to annual examinations
Head of state’s powerful financial regulator could seek new powers to scrutinise banks and crypto groups
