LONDON, May 31 (Reuters) – The European Commission will propose greater transparency in the trading of credit default swaps of eight top banks to mirror rules in U.S. markets, a European Union document seen by Reuters showed on Wednesday. So-called single name credit default swaps (CDS) have come under regulatory scrutiny after the fall and ...

May 30 (Reuters) – Home REIT (HOMEH.L) said on Tuesday an internal probe into alleged wrongdoings showed a lack of transparency on the part of its investment adviser had hampered the company’s assessment of financial strength of its tenant base. The UK housing provider for the homeless has been under scrutiny over several months after ...

May 29 (Reuters) – Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team and senior management that recommended its investment in the now-bankrupt FTX cryptocurrency exchange. “Although there was no misconduct by the investment team in reaching their investment recommendation, the investment team and senior management, who are ...

Part of more detailed Bridgetown Initiative document Sent to world leaders ahead of June summit in Paris Would help de-risk investments in local currencies LONDON, May 26 (Reuters) – A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries ...

LONDON, May 26 (Reuters) – Just over 30% of Glencore’s (GLEN.L) investors rejected the company’s climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions. Around 29% of shareholders also backed a shareholder resolution seeking more disclosure on progress in scaling ...

LONDON, May 25 (Reuters) – Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy was up by nearly a quarter since 2021 compared ...

Some countries reject more centralised supervision Rules designed to improve investor confidence State/EU friction could weaken impact LONDON, May 24 (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The ...

[1/2] A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo May 22 (Reuters) – The inflation wave that crested at a 40-year high last year and remains elevated has eroded U.S. households’ sense of financial security, the Federal Reserve reported Monday, ...

[1/2] The ‘Hoegh Esperanza’ Floating Storage and Regasification Unit (FSRU) is anchored during the opening of the LNG (Liquefied Natural Gas) terminal in Wilhelmshaven, Germany, December 17, 2022…. Read more HIROSHIMA, Japan, May 20 (Reuters) – The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it ...

May 19 – Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party to analyze the collapse of Silicon Valley Bank, and against using that failure as a “pretext” for making broad changes to bank regulation. “We should consider whether there are necessary – and ...