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UK’s lighter approach than EU to crypto rules leaves retail investors at greater risk

It may be tempting to dismiss the new Brexit Freedoms Bill, designed to make significant changes to the legal status of retained EU law and the post-Brexit regulatory landscape, as more about style than substance, but that would be unwise.

European Parliament leans towards tough macro-prudential rules on bank climate exposures

Momentum is building behind European Parliament plans to impose tough capital adequacy requirements on banks backing new fossil fuels projects, say supporters, but resistance is becoming fiercer too. 

ECB investigating how it conducts supervisory reviews

The ECB is shaking up its vital annual health check for banks amid complaints of excess bureaucracy, but the makeover is shrouded in mystery.

Pay-for-order flow wins reprieve from the SEC

The controversial practice of paying for order flow (PFOF) in the US equities market will not be banned by the Securities and Exchange Commission (SEC), but that does not necessarily mean the activity is off the hook.

Barr outlines tougher Fed approach to supervising big banks

Banks in the US face potentially tougher rules or at least a more stringent interpretation of existing frameworks, according to the Federal Reserve Board’s new head of regulation.

New ‘controls library’ launched so banks can benchmark operational risk practices

A controls library for operational risk has been launched by the Operational Riskdata eXchange (ORX) and consulting firm Mckinsey & Co and is designed to support the understanding and benchmarking of risk controls within banks.

ASIFMA paper advises listed companies to pay closer attention to labour relations

Companies and investors should engage with each other on ESG matters and the managements of listed companies need to stay on top of labour issues, according to a paper published in Hong Kong for asset managers.

CPMI-IOSCO highlights challenges around new clearing models

Though clearing transactions for indirect participants is a key objective of the G20, there are nonetheless challenges around risk management processes related to new access models. 

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China's near-term economic outlook is troubling

The government’s pursuit of a zero Covid policy via strict lockdowns is hitting households and businesses hard, while a slow-burn crisis in the real estate sector is threatening to upend financial system stability. All trends that have big consequences for banks.

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Digital currencies inject new possibilities into cross-border payments

There are good reasons for most countries to improve cross-border payment efficiencies, however that desire is complicated by technical and legal issues. But new forms of digital money potentially open up some interesting new channels.