The erosion of the workforce, largely in response to the White House's demand for steep reductions across the federal government, further stretches capacity at a U.S. Securities and Exchange Commission contending with far-reaching changes to the business and regulatory landscapes. Sign up here. President Donald Trump and former advisor Elon Musk last year said "large-scale" cuts were necessary to rein in an allegedly wasteful and uncontrolled bureaucracy across the federal government. However, critics of a ...

Palantir is to be granted access to a trove of highly sensitive UK financial regulation data, in a deal that has prompted fresh concerns about the US AI company’s deepening reach into the British state, the Guardian can reveal.The Financial Conduct Authority (FCA) has awarded Palantir a contract to investigate the watchdog’s internal intelligence data in an effort to help it tackle financial crime, which includes investigating fraud, money laundering and insider trading.The Miami-based company, co-founded b ...

JUST IN: 🇺🇸 SEC Chair Paul Atkins says the agency is setting up "framework" for crypto so people can have certainty. https://t.co/Lhjf3dGO4y ...

🚨JUST IN: UK LAWMAKERS CALL FOR ‘IMMEDIATE BAN’ ON CRYPTO POLITICAL DONATIONSA cross-party committee in the United Kingdom has urged an immediate ban on crypto political donations.Lawmakers described such donations as a high-risk channel. They raised concerns over transparency and source tracking.The proposal includes a binding moratorium. Amendments are being suggested to election laws.The lawmakers want urgent action through legislative amendments.The debate is expected to intensify in Parliament. ...

I don’t care that the SEC is getting rid of quarterly earnings reporting requirementsHow does that benefit retail?I want to see the accredited investor law be removed, and based off of intelligence, not wealthunusual_whales (@unusual_whales):BREAKING: The Securities and Exchange Commission is preparing a proposal to eliminate the quarterly earnings report requirement and instead give companies the option to share results twice a year, per WSJ ...

🇺🇸 JUST IN: Paul Atkins says the US SEC will deepen coordination with the CFTC, including joint meetings and firm exams. https://t.co/tV2FxVKPdj ...

The SEC and the CFTC plan to coordinate examinations and enforcement for businesses that fall under both agencies’ turf, the latest sign of cooperation between Wall Street’s top regulators https://t.co/c8KnOnGdk1 ...

🇰🇷 UPDATE: South Korean regulators move to limit exchange ownership, proposing a 20% cap on major shareholders. https://t.co/ld9CjPjSt2 ...

Core Viewpoint - The UK's Financial Conduct Authority (FCA) is changing its approach to market failures, moving away from creating new rules as the default response, emphasizing a more outcomes-based approach instead [1][2]. Regulatory Approach - FCA CEO Nikhil Rathi indicated that not every issue requires significant interventions or new regulations, suggesting a shift in focus due to the post-Brexit regulatory landscape [1]. - The introduction of consumer duty is expected to reduce the need for extensive rules, as it aims to improve outcomes for consumers [2]. Regulatory Modernization - The FCA is also focusing on regulatory modernization, particularly concerning data reporting and compliance burdens, in response to rapidly evolving markets and technology, especially in AI [3]. - Concerns were raised about the potential impact of rising mortgage rates on borrowers, highlighting the need for careful monitoring in this area [3]. Retirement Outcomes - Rathi expressed concerns regarding retirement outcomes, noting that it is detrimental to society when individuals retire with incomes below expected living standards while their wealth is largely tied up in housing [4]. Communication and Transparency - The FCA is enhancing its communication regarding enforcement actions, despite some resistance from the Treasury regarding transparency [5]. - Industry voices have expressed concern that reduced rule-making may leave many companies unprepared for the implications of a less regulated environment [5][6]. Industry Preparedness - Some industry leaders, like Kenny MacAulay, have warned that while reduced regulations may be welcomed, many firms are ill-equipped to handle the challenges of a deregulated landscape, particularly in terms of cyber risk and data management [6].

The regulator is looking at allowing Chinese-registered companies to follow Chinese accounting rules when listing global depository receipts in London. https://t.co/6ZWuAqPUZe ...