The European Union has agreed to relax its securitization rules to free up capital for banks, encourage lending to businesses and households and strengthen the bloc's financial markets.
The European Union has agreed to relax its securitization rules to free up capital for banks, encourage lending to businesses and households and strengthen the bloc's financial markets.
The U.K. risks losing its ability to respond to rapid technological change, and regulators and industry must collaborate more quickly to protect financial markets from emerging threats, the head of the Financial Conduct Authority said Thursday.
India failed on Thursday to block a $273 million claim brought by the Ras Al Khaimah Investment Authority, a government-backed investment vehicle in the United Arab Emirates, over a collapsed aluminium production, as a London appeals court rejected the country's challenge to an arbitration tribunal's jurisdiction.
A commercial lender is suing a property investment company and its director for £2.3 million ($3.1 million), alleging they failed to repay a loan used to buy a nursing home in Oxfordshire.
A Russian motorsport promoter has alleged that Formula One made an "unconscionable" demand for $104 million in fees for races that didn't take place after Russia's invasion of Ukraine.
The European Union's anti-fraud office and its new anti-money laundering authority have agreed to strengthen cooperation, including sharing information on suspected financial crime and coordinating investigations into activities harmful to the bloc's financial interests.
The U.K. financial industry pays £47.8 billion ($63.9 billion) in taxes, with London banks facing a 46% tax rate, higher than financial hubs such as New York and Frankfurt, Germany, according to an industry group report.
