#financial-regulation

#financial-regulation

Bessent told host Maria Bartiromo that the recent volatility and developments in crypto markets really show the need for legal certainty. "What we're seeing in the crypto market over the past few months means more than ever that the U.S. needs market structure, we need clarity, and we need to get this across the line this spring," he said. Bessent acknowledged resistance from some quarters but said he remains optimistic that Congress can bring the bill back for a markup session.

Accepting the role, McDonnell said he was honoured to lead the group at a "critical juncture" for financial oversight in the UK, stressing that victims of investment fraud and regulatory failures "deserve justice, not excuses", adding 'We will not allow a race to the bottom in regulation'. He argued that consumer protection must be viewed not as a brake on growth but as "the foundation of a financial system that works in the public interest".

In its announcement, Binance reported that it has secured three global financial licenses within Abu Dhabi Global Market, a special economic zone inside the Emirati city. The licenses regulate three different prongs of the exchange's business: its exchange, clearinghouse, and broker dealer services. The three regulated entities are named Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited, respectively.

News of the new role was announced by Economic Secretary to the Treasury Lucy Rigby, in a speech on Wednesday at the Digital Assets Week conference in London. It's not yet clear who might be in line for the job, but the individual will need to be an industry figure with enough knowledge and connections to get competing agencies - the Bank of England, the UK Treasury, and the Financial Conduct Authority (FCA) - to agree to a common framework.

Reeves who in July claimed regulators were a boot on the neck of business cheered her recent decisions to sack the chair of the competitions watchdog, shut down the payments regulator, and severely constrain the Financial Ombudsman Service, which UK banks have long lobbied to curtail. However, she said there was still more to do. I want to take out more regulators, there's still too many, Reeves told investment firms gathered in London at the British Private Equity & Venture Capital Association (BVCA) summit

This summer's transfer window once more highlighted the widening financial gap between La Liga and the Premier League. English clubs splashed out more than 3bn, with Liverpool's 125m signing of Alexander Isak the headline move. Spanish sides, by comparison, spent only 592m, well behind not just England but also Italy (1bn) and Germany (739m). The numbers reflect how much financial clout La Liga has lost in recent years.

The IMF now classifies Bitcoin and similar digital assets as 'non-produced non-financial assets', acknowledging their value while recognizing their unique characteristics.

President Donald Trump has issued an executive order allowing regular investors to gamble money in the private markets, potentially leading to a financial crisis that harms the general public.

"Private equity kind of always gets what it wants in Congress, but I think it's a bad idea. It's illiquid, the fees are very high. Private equity funds, for the most part, don't beat the stock market."

"This scandal is obviously a matter of great public interest - hundreds of thousands of people have been directly impacted by it, many having lost life-changing amounts of money."

Judge Sean Jordan's ruling upheld the inclusion of medical debt on credit reports, thereby reversing a bipartisan effort to alleviate financial pressure from healthcare costs, affecting one-third of Americans.

If the ringfencing regime for banks were to be scrapped, we really would be entering a new era or going back to an old one, since the separation of banks' retail and investment banking activities was the single biggest regulatory change introduced after the 2008-09 crash to try to prevent another blow-up.

Crystal Intelligence has received a strategic investment from Tether to enhance its blockchain analytics capabilities, focusing on risk monitoring, fraud detection, and regulatory intelligence.

The UK is on pace for its busiest year of takeovers since 2021, with £74 billion in bids tabled for British companies in the first six months of 2025.

Rathi emphasized the need for regulatory flexibility, suggesting that the mortgage charter, while initially necessary, may now hinder economic growth and business competitiveness.

Last week, the Senate voted through the GENIUS Act, facilitating the growth of digital currency and giving it legitimacy, marking a historic victory for the crypto lobby.

Thanks to a $300 million cash infusion from the Bally's Corporation, Australia's troubled Star Entertainment casino group has been saved.