While the announcement is part of Trump’s plan to “rein in burdensome regulations”, as Treasury secretary Scott Bessent said, banks will still be required to perform customer due diligence and ...

The FCA is aware of the potential pitfalls of loosening regulation in an attempt to boost growth, and has highlighted this a number of times, alongside its growth plans. “To achieve the deep reforms ...

The Financial Conduct Authority has ditched its controversial “name and shame” proposal after sustained industry criticism.

The Net-Zero Banking Alliance is set to ask its members, which include HSBC and Barclays, to vote on whether to abandon a commitment to align their $54tn in assets with the Paris agreement’s goal of ...

Banks have welcomed the UK government’s latest move to streamline regulation after it announced that the UK Payment Systems ...

His first brush with politics came in 1993 when he became prime minister of a caretaker government under President Oscar ...

As governor of the Bank of Canada, Mark Carney was first out of the gate with monetary policies to protect Canada’s economy during the 2008 global financial crisis. He also steered the UK economy ...

Wall Street stocks suffered their steepest decline of the year on Monday, with the benchmark S&P 500 index falling 2.7 per cent and the tech-heavy Nasdaq Composite dropping 4 per cent in its biggest ...

The UK regulator said if the case is upheld it will confirm within six weeks whether it is proposing a redress scheme, which would require banks to determine whether or not customers have lost out and ...

Gross lending to SMEs from non-big five banks rose 8 per cent year on year to £37.3bn in 2024, according to a report by the ...

Plans for a Hong Kong international settlement house would create an alternative to established European services at a time ...

Mark Carney, the two-time former central banker who managed Canada’s response to the global financial crisis and became the ...