Biden Labor Regulator Rolls Out Final Rule Requiring Employers To Give Time Off For Abortions
The Equal Employment Opportunity Commission (EEOC) issued its final rule on Monday to enforce the Pregnant Workers Fairness Act (PWFA), giving new protections for women seeking abortions. The EEOC rule dictates that…
US regulator says trade groups judge-shopped for credit fee lawsuit
By Jody Godoy (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) said business and banking groups, including the Chamber of Commerce, engaged in “forum shopping” when they sued in Fort Worth,…
Biden taps Democrat Phillips as head of FERC energy regulator
By Timothy Gardner WASHINGTON (Reuters) – President Joe Biden has promoted Willie Phillips to head the Federal Energy Regulatory Commission, the White House said on Friday, as the panel gears up to…
Singapore regulator begins in-depth review on Grab’s acquisition of Trans-cab
(Reuters) – The Competition and Consumer Commission of Singapore (CCCS) on Wednesday said it has commenced an in-depth review of the proposed acquisition of Trans-cab, Singapore’s third-largest taxi operator, by ride-hailing company…
Australia regulator scrutinises pension funds over unlisted asset pricing
By Lewis Jackson SYDNEY (Reuters) – Australia’s prudential regulator said on Wednesday it will review how sections of the A$2.5 trillion ($1.7 trillion) pension fund sector value unlisted assets and that it…
Dubai sees rising appetite from Chinese asset managers -regulator chief
By Xie Yu HONG KONG (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as…
China will step up efforts to attract foreign firms, financial regulator says
HONG KONG/BEIJING (Reuters) – China will boost efforts to attract foreign firms and will not change its stance to protect the legal rights of foreign companies, the nation’s top financial regulator said.…
China regulator removes draft video game rules from website; shares jump
By Josh Ye HONG KONG (Reuters) -China’s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by…
South Korea to make financial markets more attractive, regulator says
SEOUL (Reuters) – South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday. The comments by vice chairman of…
South Korean regulator warns brokering US bitcoin ETFs locally may be illegal
(Reuters) – South Korea’s financial regulator on Friday said brokering U.S. spot bitcoin exchange-traded funds (ETFs) may be illegal in local markets, in an official response to the U.S. Securities and Exchange…
Venture Global LNG explains to US regulator its failure to sell commercial cargoes
By Curtis Williams HOUSTON (Reuters) -Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide liquefied natural gas (LNG) cargoes to several major customers because its export…
Exclusive-Tesla faces inquiry by Norway’s safety regulator over suspension failures
By Marie Mannes STOCKHOLM (Reuters) – Tesla faces an inquiry by Norway’s traffic safety regulator into suspension failures in the company’s electric cars that could result in a recall, the agency told…
US securities regulator appeals ruling on ill-gotten gains
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission asked a federal appeals court on Friday to reconsider a ruling that it said prevents the agency from clawing back ill-gotten…
China names Zhu Hexin as new chief of foreign exchange regulator
BEIJING (Reuters) – China has named veteran banker Zhu Hexin as the head of its forex regulator and deputy governor of its central bank, the country’s human resources ministry said on Friday.…
US banking regulator warns on risks of ‘buy now, pay later’
(Reuters) – A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular “buy now, pay later” financing for retail spending, saying the service…
China regulator to speed reform of smaller financial institutions
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. The National…
US regulator fines Bank of America $24 million for Treasuries spoofing
By Jonathan Stempel NEW YORK (Reuters) -Bank of America has been fined $24 million after two former traders placed phony “spoof” trades to try to influence the market for U.S. Treasuries, the…
UK regulator to review supermarket loyalty scheme prices
By James Davey LONDON (Reuters) -Britain’s antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco’s Clubcard and Sainsbury’s Nectar, to consider whether it is fair that…
UBS chairman says Swiss financial regulator needs more teeth
ZURICH (Reuters) -UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse showed the authority lacked sufficient “teeth.”…
Wall Street regulator adopts Dodd Frank rule against trader conflicts
(Reuters) – The U.S. Securities and Exchange Commission on Monday adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors. The SEC…
China approves first batch of consumption-related REITs
SHANGHAI (Reuters) -China’s securities regulator has approved three applications for the country’s first publicly traded consumption-related REITs, although market participants say persistent concerns about the property sector will weigh on appetite for…
China regulator probing private funds over disclosure
SHANGHAI (Reuters) – Chinese private funds including Hangzhou Yuyao and Shenzhen Huisheng are being investigated over suspected false information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The CSRC said…
Hit by war, Israelis defer loan repayments in October -banks regulator
By Steven Scheer JERUSALEM (Reuters) – Israelis deferred payment on nearly 3 billion shekels of loans in October as a result of Israel’s war with Hamas, the banking regulator said on Wednesday.…
China aviation regulator head, US ambassador seek increase of flights
BEIJING (Reuters) – The head of China’s civil aviation regulator, Song Zhiyong, met with the U.S. Ambassador in Beijing Nicholas Burns, and exchanged views on pushing for a substantial increase in flights…
UK regulator raises concerns about labour data quality
LONDON (Reuters) – Britain’s statistics regulator raised concerns on Tuesday about the Office for National Statistics’ (ONS) approach to calculating unemployment and other key labour market data, following a big drop in…
Israel regulator tells banks to be cautious over dividends during war uncertainty
By Steven Scheer JERUSALEM (Reuters) – Israel’s banking regulator told commercial banks to be cautious when issuing dividends and conducting share buybacks, citing the need to remain conservative and provide credit while…
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