Latest news with #financialregulators
Al Arabiya
14-05-2025
- Business
- Al Arabiya
China, EU discuss global economic uncertainty, says central bank
China and the European Union had in-depth exchanges on global economic uncertainties during a financial working group meeting held in Brussels on Tuesday and Wednesday, the People's Bank of China said on Wednesday. The two sides discussed optimizing market access, cross-boarder data transfer and supervision of banking and insurance industries. Chinese and EU central bankers, financial and securities regulators attended the meeting.
Bloomberg
07-05-2025
- Business
- Bloomberg
Trump Has Cut Thousands of Wall Street Cops While Markets Wobble
Donald Trump's administration is set to shrink the ranks at the top US financial regulators by more than 2,300 workers, a group that includes bank examiners, criminal investigators and economists. The cuts are the steepest in decades for the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Securities and Exchange Commission, the primary agencies responsible for oversight of banks, trading houses and the public markets.
Reuters
07-05-2025
- Business
- Reuters
India's central bank to require impact analysis in regulation-making process
BENGALURU, May 7 (Reuters) - India's central bank on Wednesday laid down a framework to standardise the process of making and amending rules, including conducting impact analyses of regulations and public consultations. "The framework seeks to standardize the process of making regulations in a transparent and consultative manner," the Reserve Bank of India (RBI) said in a statement published on its website. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. The move follows a government report urging financial sector regulators, such as the RBI and the Securities and Exchange Board of India, to establish a formal process for assessing the impact of their regulations. RBI said that the new process will include public consultations and, where feasible, impact analyses to assess the implications of proposed rules. Draft regulations will be published on the RBI's website, and stakeholders will have at least 21 days to provide feedback, which will be considered before finalising any regulation Any significant amendments to regulations will also go through the process of public consultation and impact analysis, the central bank said.
