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EU Plans to Give ESMA Greater Powers Over Crypto and Stock Market Supervision
Yahoo Finance· 2025-10-06 09:50
Core Viewpoint - The European Commission is proposing significant changes to transfer direct supervisory authority of stock exchanges, cryptocurrency firms, and clearing houses to the European Securities and Markets Authority (ESMA) to create a more unified capital market in the EU [1][4][8] Group 1: Proposed Changes - The proposed changes aim to resolve fragmentation in the EU's financial sector and enhance global competitiveness [3][7] - Regulation of various financial market sectors currently overseen by national authorities would shift to ESMA, including crypto asset service providers under the Markets in Crypto-Assets (MiCA) framework [4][5] Group 2: Current Challenges - The decentralization of supervision has led to inefficiencies and inconsistent application of MiCA, requiring significant resources to be built up in each member state [6] - ESMA has criticized the licensing process in Malta for pan-EU crypto companies, indicating that certain risk areas were not adequately assessed [6] Group 3: Opposition and Concerns - Fragmented supervision is argued to undermine consumer protections and investor confidence, with resistance from smaller EU countries like Luxembourg, Ireland, and Malta [7][8] - Concerns have been raised that centralizing powers at ESMA could create a regulatory "monster," potentially harming local financial sectors [7]
X @Bloomberg
Bloomberg· 2025-10-06 01:45
Julia Leung is set to be given another three-year term as head of the Hong Kong Securities and Futures Commission https://t.co/r1rXmYaoKa ...
US financial regulators start shuttering as federal funding runs out
Yahoo Finance· 2025-10-01 15:06
WASHINGTON (Reuters) -U.S. market regulators began the process of furloughing workers on Wednesday as the federal government shut down after Congress failed to extend funding, curtailing key oversight functions, stymieing initial public offerings, and limiting some market and economic data. The shutdown, which began at midnight, will force the Securities and Exchange Commission to furlough more than 90% of its workforce, retaining only about 393 employees to handle emergency enforcement actions and market ...
X @Decrypt
Decrypt· 2025-09-30 17:11
Turkey Moves to Expand Watchdog Powers Over Crypto, Bank Accounts► https://t.co/13RuJfFxw1 https://t.co/13RuJfFxw1 ...
X @Bloomberg
Bloomberg· 2025-09-30 15:58
Regulatory Changes - China to triple whistleblower rewards for tips on serious market misconduct [1] - Maximum reward offered is up to 1 million yuan (approximately $140.47 thousand) [1]
俞林已出任山东金融监管局党委书记、局长
人民财讯9月29日电,山东金融监管局官网更新信息显示,俞林已出任该局党委书记、局长,他曾担任 内蒙古金融监管局局长、辽宁金融监管局局长等职。此前,山东金融监管局局长一职由邢桂君担任。 ...
高旺东已出任内蒙古金融监管局党委书记、局长
人民财讯9月29日电,内蒙古金融监管局官网更新信息显示,高旺东已出任该局党委书记、局长,他曾 担任湖北金融监管局纪委书记、山东金融监管局副局长等职。此前,内蒙古金融监管局局长一职由刘丽 欣担任。 ...
赵江已出任青海金融监管局党委书记、局长
人民财讯9月29日电,青海金融监管局官网更新信息显示,赵江已出任该局党委书记、局长,他曾担任 原吉林银保监局纪委书记、原河北银保监局副局长、河北金融监管局副局长等职。此前,青海金融监管 局局长一职由景晋生担任。 ...
Day trading on the New York Stock Exchange, Nasdaq, and more could get easier, thanks to this rule change—here's how
Fastcompany· 2025-09-25 15:21
LOGIN SUBSCRIBE | FastCo Works advertisement BY Jennifer Mattson Listen to this ArticleMore info 0:00 / 0:00 It appears that day trading could get easier. The Financial Industry Regulatory Authority, known as FINRA, on Tuesday announced it had approved amendments that will replace the current day trading and pattern day trading rules, "including the minimum equity of $25,000 for pattern day traders.†The proposed change, if approved by the Securities and Exchange Commission (SEC), would mean traders would ...
Will Your 401(k) Go Crypto? Washington Pushes SEC To Say Yes
Yahoo Finance· 2025-09-23 12:22
Group 1 - Legislators in Washington are urging the SEC to open the $12.5 trillion 401(k) retirement market to crypto and alternative assets following President Trump's executive order [1][2] - The executive order, signed on August 7, 2025, aims to reshape investment options for approximately 90 million Americans through their 401(k) plans [2][3] - The Department of Labour is revisiting ERISA guidelines to facilitate investments in alternative assets like private equity, real estate, and crypto [3][4] Group 2 - Lawmakers argue that limited access to alternative investments hinders returns and innovation in retirement strategies [4][5] - The SEC's role is crucial in redefining who qualifies as an "accredited investor," with bipartisan bills proposing to expand this definition [5][6] - Industry groups advocate for reform, stating that retirement plans focused solely on stocks and bonds do not reflect the evolution of capital markets [6]