World Business
New York Assembly Weighs Sovereign Debt Lawsuit Curbs
The New York Assembly is considering a bill to restrict investor lawsuits on sovereign debt, potentially impacting hundreds of billions globally. The...
#financial regulation 21 articles
Investing
CLARITY Act Advances to Senate Calendar, Faces Recess Deadline
The CLARITY Act (H.R.3633) has been placed on the Senate Legislative Calendar, nearing a full vote. With a July recess approaching, Senate...
Finance
Germany’s Dormant Billions Spark Ownership Debate
Billions of euros lie untouched in Germany's 'forgotten accounts,' prompting a contentious debate over ownership and the lack of a central registry.
Finance
Banks Confront AI Autonomy: Who Owns the Machine’s Decisions?
As banks embrace agentic AI, shifting from assistive automation to autonomous task execution, the critical question of accountability for machine-driven decisions takes...
Investing
Wisconsin Sues Prediction Markets, Alleges Illegal Sports Betting
Wisconsin has sued Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging they operate illegal sports betting disguised as event contracts. The platforms claim...
Finance
Global Finance Chiefs Seek Equal Mythos AI Briefings
Non-U.S. finance leaders express concern over unequal access to Anthropic's Mythos AI model information, urging broader international sharing for financial stability.
Stocks
Regulators Call Banks Over Anthropic AI Cyber Concerns
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell called an urgent meeting with Wall Street leaders to discuss cyber risks from...
Investing
Treasury Unveils Strict AML Framework for Stablecoin Issuers
The Treasury Department, FinCEN, and OFAC have proposed a joint rule requiring permitted payment stablecoin issuers to implement robust anti-money laundering and...
Finance
FCA Unveils Car Finance Compensation Plan: Millions to Receive Payouts
Millions of drivers mis-sold car finance agreements are set to receive compensation, with the FCA detailing a scheme expecting average payouts of...