Top drug regulator sued by pharmaceutical company, steps down during investigation into conduct
The head of the FDA’s drug regulation division stepped down on Sunday amid accusations of misusing his position to publicly criticize a treatment related to a former associate. Dr. George Tidmarsh, who had a lengthy career in the pharmaceutical industry before joining the FDA in July, was put on administrative leave just days prior. Emily […]
European banks are turning more to US dollar funding, finds EU regulator.
Concerns Rise Over European Banks’ Dependence on U.S. Dollar MILAN/LONDON – European banks are increasingly leaning on the U.S. dollar, as noted by Europe’s banking regulator. This marks a growing worry about the region’s susceptibility if access to dollar funding diminishes. Globally, banks carry significant dollar exposures on their balance sheets, which could make them […]
Trump selects crypto regulator Mike Selig to lead CFTC after retracting nominee
Almost a month after the Trump administration pulled Brian Quintenz’s nomination, President Trump has put forward Mike Selig as the new candidate to lead the Commodity Futures Trading Commission (CFTC). David Sachs, who heads AI and cryptocurrency initiatives at the White House, praised Selig as an “excellent choice” in a Saturday morning announcement. He emphasized […]
Regulator Seeks to Cut Funding for Investor Who Turns Away Companies Hiring H-1B Workers
Wall Street’s Controversial Move Against New Investment Fund Wall Street trustees are looking to shut down a $40 million investment fund that chooses not to invest in companies hiring H-1B visa workers, who are accused of taking jobs from American professionals. “They’re terminating the fund,” stated James Fishback, the fund’s founder, to Breitbart News. He […]
UK regulator Ofcom discovers BBC in significant violation for Hamas song in Gaza documentary
BBC Found in Serious Breach of Rules Over Gaza Documentary The UK’s media regulator has determined that the BBC committed significant violations of its standards after a shocking revelation about a Gaza documentary. It appears that the narrator, a 13-year-old named Abdullah, is the son of a well-known Hamas official. On Friday, OfCom, the independent […]
Banks not doing enough to stop increase in romance scams, says UK regulator
Warning on Romance Scams in the UK Britain’s financial regulator has raised concerns about banks not doing enough to tackle the rising issue of romance scams, which have surged almost 10% over the past year. On Friday, the Financial Conduct Authority (FCA) revealed that it found “multiple instances” where banks and payment companies failed to […]
Indian regulator is receptive to Emirates NBD buying a share in RBL Bank, sources report.
Mumbai Updates on Foreign Investment in Banking MUMBAI, Oct 14 – India’s central bank is considering the possibility of allowing Dubai’s Emirates NBD (ENBD.DU) to take up management rights for RBL Bank (RATB.NS). This move is part of a broader strategy aimed at attracting foreign investment while bolstering the country’s mid-sized banks, as informed sources […]
Crypto ETFs poised to saturate the U.S. market as regulator eases approval process
Growing Interest in Cryptocurrency ETFs Asset managers are keen to introduce funds that trade on cryptocurrency exchanges, tapping into the increasing excitement around digital assets while benefiting from relatively relaxed regulations that facilitate product launches. Recently updated guidelines from the Securities and Exchange Commission (SEC) regarding ETFs may boost demand within the cryptocurrency exchange landscape, […]
Cryptocurrency ETFs expected to invade US market as regulator simplifies approval process
(Reuters) – Asset managers are gearing up to launch funds that can be traded on cryptocurrency exchanges. They’re eager to tap into the growing enthusiasm surrounding digital assets while navigating the somewhat slower regulatory landscape to introduce their products. Last week’s announcement by the Securities and Exchange Commission regarding updates to ETF standards might boost […]
South Korea’s New Chief Regulator Under Review for Comments on Strategy Shares and Cryptocurrency
South Korean Lawmakers and Financial Services Committee Nominee South Korean legislators have summoned Lee Eok-Won, who is in line to become the chairman of the Financial Services Committee. This comes as Bitcoin’s significance in the U.S. strategy is of keen interest. As reported by local media outlets like Jose Ilbo and News1, Lee claimed he […]