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Provides updates in relation to the government’s commitment to enable rulemaking and direction-making powers for the FCA and PSR over their aspects of retained EU payments law, as part of the government’s approach towards enabling a Smarter Regulatory Framework for financial services. [read post]
  It is clear that as demand for green finance, ESG and impact investing continues to grow, it will be necessary for financial services in the future to integrate ESG and sustainability into the core design of financial services. [read post]
  It is clear that as demand for green finance, ESG and impact investing continues to grow, it will be necessary for financial services in the future to integrate ESG and sustainability into the core design of financial services. [read post]
13 Jul 2016, 6:37 am
In approving H.R. 5311, the so-called “Corporate Governance Reform and Transparency Act of 2016,” last month, members of the House Financial Services Committee delivered a blow to institutional investors, and, by extension, those on Main Street who invest their retirement hopes, college savings, pension dollars, and other hard-earned money in public companies. [read post]
30 Jan 2009, 12:40 am
A dedicated team will be established to carry these reviews out and will provide feedback to the market on whether the standards are being implemented correctly.Operational EfficiencyIn order to continue to provide a high level of service to its stakeholders, the BMA revealed that it will now be publishing service standards with regard to specific regulatory transactions rather than generally across the market. [read post]
12 Oct 2011, 2:50 pm by Blank Rome Government Relations
A House Financial Services Committee spokesman said the hearing will look at the economic impact and competitiveness of the proposed rule. [read post]
In particular, absolute restrictions on ring-fenced bodies from servicing financial institutions, operating in some geographical areas, and providing a range of banking services have resulted in a regime that is overly rigid. [read post]
22 Jul 2014, 3:40 pm by Sabrina I. Pacifici
 July 21, 2014: “Regulators have made tremendous progress in implementing the Dodd-Frank Act. [read post]
2 Nov 2010, 11:00 am by LindaMBeale
   And while I am deeply disappointed in the Dems' ability to translate progressive ideas in to working legislation and change, I am even more deeply disappointed in the loss of a moderate GOP voice and the way most of the GOP candidates embrace the corporatist agenda. [read post]
22 Sep 2010, 10:38 am by LindaMBeale
  In a democracy, that mechanism is necessarily and appropriately limited, but it can be servicable on a small scale. [read post]
23 Oct 2017, 4:48 pm by Rebecca Grevitt
The report concludes that the FSB’s recommendations have been addressed in the EU through specific provisions within various financial services legislation and guidelines and the adoption of the SFTR. [read post]
1 Jul 2022, 7:29 am by Simon Lovegrove (UK)
On 30 June 2022, the Financial Action Task Force (FATF) issued a targeted update concerning the implementation of its Standards on virtual assets (VAs) and virtual asset service providers (VASPs), with a focus on FATF’s Travel Rule. [read post]
2 Dec 2011, 1:02 am
The Committee has also received evidence from a number of sources including the Financial Services Authority, the Financial Ombudsman Service and a number of leading academics and former members of the judiciary.Following the conclusion of the Committee's evidence gathering, the Bill is to be reported to the House of Lords before a Third Reading in the House of Lords, after which it will progress to the House of Commons for further scrutiny. [read post]
15 Oct 2009, 1:15 pm
CFTC Chairman Gensler Applauds "Historic Progress" In a first step towards increased regulation of the over-the-counter derivatives markets, the House Financial Services Committee approved the Over-the-Counter Derivatives Markets Act of 2009. [read post]
22 Aug 2014, 9:54 am by Larry
Those activities included securing purchase orders, establishing shipping schedules, customer service, and reporting to the seller on the progress of the transaction. [read post]
31 Jul 2007, 1:40 am
Despite warnings from the Bush Administration, as reported here that it would not support any legislation expanding the National Flood Insurance Program (“NFIP”) to include windstorm coverage, the House Financial Services Committee approved the Flood Insurance Reform and Modernization Act of 2007 (H.R. 3121), which contains just such an amendment to the NFIP.The vote, which took place late Thursday, July 26th, was largely on party lines. [read post]
18 May 2021, 9:00 am by Mindy Harris
Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. [read post]