EU proposes payments sector shake-up to boost fintechs
LONDON, June 28 (Reuters) - The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing...
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UK regulator bans adviser over poor British Steel pension advice
LONDON, June 28 (Reuters) - The Financial Conduct Authority (FCA) has banned a pension adviser from holding senior management positions...
EU must keep ahead of digital currency curve, says top EU official
LONDON, June 28 (Reuters) - The European Union cannot afford to be "behind the curve" in moves by central banks...
US stock futures tip lower, yen stumbles and euro shines
FILE PHOTO-Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan...
Morning Bid: G4 central bankers speak, chips wars rumble
A look at the day ahead in U.S. and global markets from Mike DolanEyeing another slew of impressive U.S. economic...
Dollar flat; Aussie slides as inflation slows
SINGAPORE, June 28 (Reuters) - The U.S. dollar was barely changed on Wednesday, with resilient economic data easing investor worries...
UK legal body recommends new property law category for crypto assets
LONDON, June 28 (Reuters) - UK law can accommodate crypto assets by creating a new category of personal property that would include digital assets, independent body the Law Commission said on Wednesday.In a report commissioned by the government, the Law Commission said digital assets such as cryptocurrencies and non-fungible tokens (NFTs) do not fit within the traditional categories of personal property.As expected, the Commission proposed adding a third category of "digital objects" to the existing categories of personal property, which are "things in possession" (tangible assets like gold) and "things...
EU countries, lawmakers reach data rule deal targeting Big Tech
BRUSSELS, June 27 (Reuters) - EU countries and EU lawmakers on Tuesday agreed on rules that govern how Big Tech...
U.S. debt investors as climate-focused as European peers, survey finds
LONDON, June 27 (Reuters) - U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment...
Real estate poses only moderate system risk to Europe banks – S&P
LONDON, June 27 (Reuters) - The real estate sector poses only a moderate systemic risk to most European banks, as they have only modest exposure to it in their loan books, although Sweden and Germany are outliers, S&P Global Ratings said in a report on Tuesday.In its 3Q23 credit conditions report, the ratings agency said the outlook for parts of the property market was poor, given that financing conditions in Europe are expected to keep tightening as central banks raise rates to tackle inflation."The outlook for key segments within European...