France makes case for Paris to host new EU dirty money watchdog
European Union (EU) flags fly in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, July...
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EU regulators to challenge banks on loan provisioning
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo/File Photo Acquire...
TikTok joins Meta in appealing against EU gatekeeper status
EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta (META.O) in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services.Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp.The European Union...
Bank of Portugal imposes capital buffer for mortgages at four large banks
A man walks with his dog outside Bank of Portugal in downtown Lisbon, Portugal, February 21, 2017. REUTERS/Rafael Marchante/File Photo...
Sterling eases after UK inflation slows in October
British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
EU agrees law to hit fossil fuel imports with methane emissions limit
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsNov 15...
EU loophole lets banks dodge ECB’s crypto supervision, needs fixing -Enria
Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsFRANKFURT, Nov 14 (Reuters)...
US bank regulators to be grilled by Congress on capital hike plan
Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts.Barr, the Federal...
EU agrees mineral supply targets to cut reliance on China
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsCritical minerals law likely to enter force early 2024Deal increases ambitions on recyclingAluminium and synthetic graphite added to key mineralsBRUSSELS, Nov 13 (Reuters) - Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China.The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy...
US Senate Republicans urge bank regulators to scrap capital hike efforts
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - A group of 39 Senate Republicans in a letter on Monday called on major U.S. banking regulators to withdraw a contentious proposal to significantly raise bank capital requirements, warning it could hinder lending and harm the economy.THE TAKERepublicans have been consistently critical of the so-called "Basel III endgame" proposal, but Monday's letter marks one of the broadest, most explicit attempts so far to derail that effort,...