Benchmark setters must strengthen oversight of potential conflicts of interest, particularly where individuals hold multiple positions across regulated businesses and wider corporate groups, the City regulator warned Monday.
Benchmark setters must strengthen oversight of potential conflicts of interest, particularly where individuals hold multiple positions across regulated businesses and wider corporate groups, the City regulator warned Monday.
The investment arm of Egyptian billionaire Naguib Sawiris' family told a London court Monday that it is owed approximately $150 million after it was duped into pouring millions into a foreign exchange business that was secretly controlled by outsiders using it to "milk" fees.
The Financial Conduct Authority has banned a former NASA scientist from working in the financial services sector, after he was imprisoned for a £1 million ($1.3 million) investment fraud.
A collapsed property marketing business has been found liable for mis-selling luxury care home leases to dozens of retirees and small-scale investors who lost £2.8 million ($3.7 million) when the developments failed.
Investment funds claiming to support transitions to low-carbon economies risk misleading investors when they make ambitious climate promises without explaining how they will be achieved or how progress is measured, the European Union's securities watchdog warned Monday.
Gaps in stablecoin regulation and increasingly sophisticated AI-enabled cyberthreats could undermine financial stability, a global standards setter has warned as it urged major economies to strengthen international cooperation.
