July 4, 2024
Finance

EBC Financial Group Recognised as “Most Trusted FX Broker” and “Best CFD Broker” at World Finance Awards

EBC Financial Group LONDON, June 26, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) is proud to announce that it has been honoured with two prestigious awards at the World Finance Awards 2024: Most Trusted FX Broker and Best CFD Broker. These accolades reflect EBC’s unwavering commitment to transparency, regulatory compliance, and exceptional customer service.

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Finance

Detailed AI rules not on the cards for now, says UK financial watchdog

By Huw Jones and Iain Withers LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Wednesday there would be no rush to introduce detailed rules to regulate the rapidly developing use of artificial intelligence in financial services. The European Union has approved a new law to regulate AI, now being increasingly used in everyday

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Investment

Anti-greenwashing rule to tackle misleading investment claims comes into effect

Financial institutions and firms must ensure retail investors are given accurate information on sustainability as a new anti-greenwashing rule comes into effect. The Financial Conduct Authority (FCA) said claims on the green goals of investment products and services should be “fair, clean and not misleading”, starting from Friday. The rule is the first to kick

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Investment

London Seeks to Boost Competitiveness, Foreign Investment

The City of London, the administrator of the financial district of the United Kingdom, is reportedly grappling with concerns about the district’s competitiveness and the need for foreign investment. The city’s policy leader, Chris Hayward, emphasized the importance of attracting foreign investment to boost growth and enhance the financial sector’s global competitiveness while addressing the House of Lords’

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Crypto

UK Plans Stablecoin, Crypto Staking Legislation For Summer

The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody.  “We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” said Economic Secretary Bim Afolami, whose comments Monday (April 15) at the Innovate Finance Global Summit were reported by CoinDesk.  “Once it goes

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Finance

Britain’s financial watchdog has become an unaccountable elite

FCA The failures of our financial regulators – the Financial Services Authority (FSA), the Financial Conduct Authority (FCA), and the Prudential Regulation Authority (PRA) – are well documented. After each failure we had to listen to them squirm, explaining how they missed balance sheet anomalies that led to systemic failures, or why they did not

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