Financial Services
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Potential Priorities for Wall Street’s Next Top Cop
By Andrew Ross Sorkin, Jason Karaian, Michael J. de la Merced, Lauren Hirsch, and Ephrat Livni
January 13, 2021, The New York Times
The Biden administration is set to tap …
SPAC Mania: the Blank-Check Blitz of 2020
Special purpose acquisition companies have taken Wall Street by storm. These shell companies raise money by listing on the stock exchange but have no business plan other than to acquire …
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What Is Options Trading and Why Is It on the Rise?
Traders are buying and selling stock options at a record pace. WSJ explains how call and put contracts work, and why they carry hidden risks for amateur investors.
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EU Warns Banks Against Dodging Post-Brexit Trading Rules
By Philip Stafford and Nikou Asgari
January 13, 2021, Financial Times
Europe’s markets regulator has warned EU banks and fund managers not to bypass new post-Brexit rules on cross-border dealing …
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Agencies May Issue Information Request on AI Adoption, Fed Official Says
By Hannah Lang
January 12, 2021, American Banker
The Federal Reserve and other banking regulators are considering a formal request for public feedback about the adoption of artificial intelligence in …
Brexit Allows UK to Reform MiFID to Boost Advice Sector
By Michael Klimes
January 11, 2021, Money Marketing
Brexit could pave the way for more tailored regulation for advisers, PIMFA suggests.
The trade body is lobbying the government, which is …
BOE Bolsters Post-Brexit Oversight of Big Banks Trading in UK
By Silla Brush
January 11, 2021, Bloomberg
The London operations of global banks are getting more scrutiny from the Bank of England as they move hundreds of billions of euros …
Traders Scramble to Make Sense of New Brexit Rules: ‘What’s the Absolute Minimum We Can Get Away With?’
By William Canny and Lucy McNulty
January 11, 2021, Financial News
For Britain, Brexit meant Brexit, but many in the City aren’t sure what Brexit means when it comes to doing their jobs.…
Traders Confess Their ‘Questionable’ Brexit Workarounds
By William Canny and Lucy McNulty
January 11, 2021, Financial News
Caught flat-footed by Brexit, traders and bankers in the City offered some shocking examples of workarounds to get deals over the line.…
Business as Usual for EU Banks in ‘Open’ London, Says Bank of England
By Huw Jones
January 11, 2021, Reuters
European Union banks’ branches in London should see no major change in how they are supervised following Britain’s formal departure from the bloc …
