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GRIP Extra: Morgan Stanley fires head of commodities, US investigates Chinese companies
Other news includes an EU fine against Meta and Google, massive ESG investment outflows, and the OCC and FDIC signaling crypto regulation overhauls.
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GRIP Extra: Healthcare data breach compromises millions, Trump threatens to fire Powell
Other news includes Truth Social asking SEC to investigate Qube over short position, US Supreme Court approves relaxed pleading standard for ERISA claim, China mulls letting Western firms operate as ETF market makers.
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OPINION: Can regulation really support growth?
Neil Robson has reservations about the reality of the UK Government’s ambitions for regulation.
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PRA proposes increases to depositor compensation limits
Headline deposit guarantee to be increased to £110,000 ($141,900) and temporary high balance claims to £1.4m ($1.81m).
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HMT action plan sets out UK’s new approach to regulation and regulators
Key points for financial services include rationalising FCA/PRA priorities and the role of the FOS; and detailed pledges from regulators to promote growth.
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UK regulators backtrack on diversity rules and delay action on misconduct
Industry response as FCA and PRA says it will not update rules on diversity and inclusion and will pause non-financial misconduct action.
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BoE plans to increase retail deposit leverage ratio to £70 billion
Another indication that the regulators are listening to the government’s message on prioritising economic growth.
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FCA work in review: February 13-19, 2025
Our at-a-glance guide to recent FCA activity.