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Recent Editions
Risk Channel
North America
U.S. President Donald Trump has signed an executive order to “increase oversight” of proxy advisers that guide shareholder votes made by pension funds and some other money managers, saying top firms often "advance and prioritize radical politically-motivated agendas." Trump directed the Securities and Exchange Commission, the Federal Trade Commission and the Labor Department to review if Institutional Shareholder Services and Glass Lewis had violated rules or antitrust law related to their treatment of environmental and social issues. The executive order calls for a review of regulation relating to proxy advisers and to consider “revising or rescinding those rules, regulations, guidance, bulletins, and memoranda that are inconsistent with the purpose of this order, especially to the extent that they implicate ‘diversity, equity, and inclusion’ and ‘environmental, social, and governance’ policies.” The order also directs the agencies to consider steps such as new regulations.
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Risk Channel
UK/Europe
The UK Treasury has announced new legislation requiring crypto firms to adhere to standards set by the Financial Conduct Authority (FCA) starting in 2027. The move aims to regulate cryptocurrencies like Bitcoin similarly to traditional financial products, enhancing consumer protection. Rachel Reeves, the Chancellor, said: "Bringing crypto into the regulatory perimeter is a crucial step in securing the UK's position as a world-leading financial centre in the digital age." The new rules will improve transparency and help detect suspicious activities within the crypto market. City minister Lucy Rigby added: "We want the UK to be at the top of the list for cryptoassets firms looking to grow and these new rules will give firms the clarity and consistency they need to plan for the long term."
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