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Global Regulators To Target Crypto Platforms After FTX Crash

Global Regulators To Target Crypto Platforms After FTX Crash

LONDON, Nov 24 (Reuters) – The crash of the FTX exchange has made regulation of the crypto sector more urgent and targeting these “conglomerate” platforms will be a focus for 2023, the new Chairman of IOSCO on Global Securities in an interview. Jean-Paul Servais said regulation of crypto platforms could draw inspiration from the principles …

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The Bank of England will raise its bank rate by 50 basis points in December, peaking at 4.25% in the first quarter (Reuters poll)

The Bank of England will raise its bank rate by 50 basis points in December, peaking at 4.25% in the first quarter (Reuters poll)

LONDON, Nov 23 (Reuters) – The Bank of England will continue to hike interest rates to fight inflation even as Britain heads into a long albeit shallow recession as consumers face a prolonged crisis in the cost of living, according to a Reuters poll of economists. . Finance Minister Jeremy Hunt announced more pain in …

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Spain to approve mortgage support for over a million households

Spain to approve mortgage support for over a million households

Measures support vulnerable families at the income threshold of 25,200 euros Threshold for middle-class customers set at 29,400 euros Measures include extending loan repayments for up to 7 years The actions also provide for grace periods and a freeze on repayments Plan to be finalized on Tuesday after discussions with the banks MADRID, Nov 21 …

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FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

FTX Collapse Shows Need for Crypto Regulation, Says Bank of England

LONDON, Nov 21 (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world into the regulatory framework, the Deputy Governor of the Bank of England said on Monday. Jon Cunliffe. FTX, which filed for protection in the US bankruptcy court, said it owed its 50 biggest creditors nearly $3.1 …

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Column: Ukraine endgame could electrify global markets

Column: Ukraine endgame could electrify global markets

LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …

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EXCLUSIVE Derivative betting on multi-trillion energy companies under ECB scrutiny - sources

EXCLUSIVE Derivative betting on multi-trillion energy companies under ECB scrutiny – sources

ECB review of price betting risks follows Uniper bailout Examination exposes multi-trillion transactions to rare scrutiny Regulators concerned about risk to financial stability FRANKFURT, Nov 10 (Reuters) – The European Central Bank is examining the use of derivatives by energy companies to make huge bets on future electricity and fuel prices, to see if such …

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EU eases bank capital rules as ECB warns of 'breaking' stability

EU eases bank capital rules as ECB warns of ‘breaking’ stability

LONDON, Nov 8 (Reuters) – European Union member states have backed a temporary easing and two-year postponement until 2025 for the final stage of the global Basel III rules on bank capital, despite the warning from the ECB, they risked “breaking the dike” that protects stability. EU states will now negotiate a final deal with …

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