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UK proposes cash back breathing space for property funds

LONDON (Reuters) – Investors in property funds should wait up to 180 days before they can get their money back to avoid widespread suspensions in rocky markets, Britain’s Financial Conduct Authority proposed on Monday. UK-regulated open-ended property funds of... More »

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UK watchdog warns against ‘blanket’ suspension of credit cards

LONDON (Reuters) – Credit card firms must review how they treat customers that have been in persistent debt to help them save up to 1.3 billion pounds a year in lower interest charges, Britain’s Financial Conduct Authority said on Monday. New rules came into f... More »

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UK watchdog proposes overhaul of cash savings products

LONDON (Reuters) – Britain’s markets watchdog proposed on Thursday a single interest rate for cash savings products, a move it says would bump up interest payments to consumers by 260 million pounds ($340.96 million) a year. The Financial Conduct Authority (FC... More »

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Global financial watchdogs take aim at Big Tech’s data dominance

LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for its Libra “stablecoin” faces scrutin... More »

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UK watchdog proposes car finance commission crackdown

LONDON (Reuters) – Britain’s markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4 million) annua... More »

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Australian regulator has monitored financial firms on-site since…

(Reuters) – Australia’s corporate regulator said on Wednesday it has been conducting long-term on-site monitoring at the offices of major banks and wealth manager AMP Ltd (AMP.AX) since October, after a probe into the sector revealed wide-ranging misconduct. T... More »

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Claims countdown for UK’s costliest consumer finance scandal

LONDON (Reuters) – Britain’s Financial Conduct Authority reminded consumers on Monday that they have only one month left to check if they were mis-sold loan insurance. Britain’s banks have already paid out more than 35 billion pounds ($43.2 billion) in compens... More »

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Israel’s Zebra Medical gets FDA ok for brain bleeds product

TEL AVIV (Reuters) – Zebra Medical Vision, an Israel medical imaging analytics company, said on Monday it received its third clearance from the U.S. Food and Drug Administration for its alert for intracranial hemorrhage, based on head CT scans. The latest clea... More »

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Australian regulator chides banks over delays in repaying wrongly…

SYDNEY (Reuters) – Australia’s corporate watchdog rebuked the biggest banks and financial services firms on Monday for delays in fixing internal systems that resulted in customers paying fees for services they had not received. The Australian Securities and In... More »

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China suspends commercial operations of Boeing 737-8 planes

BEIJING (Reuters) – China’s civil aviation regulator said on Monday that it has asked domestic airlines to suspend the commercial operations of all Boeing 737-8 planes by 6:00 p.m. local time (5.00 a.m. ET), a day after a deadly crash of a 737 MAX 8 by Ethiopi... More »

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Australian regulator says probe of tech giants spurs five…

SYDNEY (Reuters) – Australia’s competition regulator says it has five investigations afoot as a result of its examination of the market power and public influence of tech giants such as Facebook Inc and Alphabet Inc’s Google. “We have five investigations under... More »

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Goldman to review bookbuilding after Healthscope block query:…

SYDNEY (Reuters) – Australia’s corporate regulator said the local arm of Goldman Sachs has agreed to review how it sells shares to investors, after it failed to notify the market about dwindling interest in a block trade it conducted for Healthscope (HSO.AX) i... More »

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German regulator may require cable operators to open networks to…

FRANKFURT (Reuters) – Germany’s regulator is considering requiring cable TV operators to provide network access to third parties, in a shift that could affect talks on a European merger between Vodafone and Liberty Global. The proposed deal’s main prize would ... More »

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Australian regulator flags scrutiny of Uber Eats

SYDNEY (Reuters) – The head of Australia’s competition regulator said on Monday it will scrutinize contracts between Uber Technologies Inc [UBER.UL] and restaurants that use its food delivery app Uber Eats. The Australian Broadcasting Corporation reported on S... More »

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UK watchdog to scrutinize quality of hires at top auditors

LONDON (Reuters) – Britain’s top six accounting firms will come under increased scrutiny from the audit watchdog, including checks on their top hires, after corporate scandals raised questions about the quality of book-keeping. The Financial Reporting Council,... More »

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Paris watchdog win bolsters its fight for Brexit banks

A general view shows the aerial subway and the city rooftops in Paris February 24, 2015. REUTERS/Gonzalo Fuentes PARIS/LONDON (Reuters) – The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks af... More »

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Russia threatens to block Telegram messaging app

Two men pose with smartphones in front of a screen showing the Telegram logo in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. REUTERS/Dado Ruvic Russia’s communications regulator Roskomnadzor on Friday accused the Telegra... More »

Deutsche Bank`s sale of stake in Hua Xia gets watchdog`s nod

The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach Deutsche Bank’s (DBKGn.DE) sale of a 20 percent stake in Chinese peer Hua Xia (60... More »