The EU’s new strategy aims to boost SME growth and cut market barriers, but businesses doubt reforms will happen, and consumer groups fear weaker data protections.
Regulatory Policy
Posted inRegulatory Enforcement
DOGE targets SPAC oversight under SEC, report says
The Department of Government Efficiency (DOGE) has a new target, and this time it won’t be just firing federal workers. The agency formed by Tesla CEO Elon Musk at the start of the Trump administration wants to roll back more regulations.
Posted inFinancial Services
FHFA chief orders Fannie and Freddie to consider crypto assets in mortgage assessments
In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
Posted inEthics & Culture
Judge reinstates fired CPSC commissioners in latest battle over government cuts
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
Posted inEurope
EU, UK agree to reset rules on agrifoods, mergers and carbon trading as part of post-Brexit reset
Four years after Brexit, the U.K. and EU announced a “reset” that will ease barriers to importing and exporting food, drink, and agricultural produce. It may also harmonize rules around carbon emissions trading systems, simplifying compliance for multinational organizations that are large emitters, and enable more young people to gain work visas.
Posted inRegulatory Policy
Senate confirms Olivia Trusty to FCC, handing Trump majority control
The U.S. Senate confirmed Olivia Trusty as commissioner for the Federal Communications Commission on Tuesday, marking a shift in agency staffing that gave commissioners nominated by President Donald Trump a majority of decision-making power. The move followed resignations of two commissioners earlier this month, each of whom had been nominated under Republican and Democratic administrations.
Posted inRegulatory Enforcement
UK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
Posted inRegulatory Enforcement
DOJ wants less monitoring, more self disclosure with fine reductions, Galeotti says
The Criminal Division of the Department of Justice, continuing its aggressive, pro-business stance, has revamped key, white-collar crime enforcement policies, including clarifying fine reductions in its self-disclosure program and curbing its use of monitorships.
Posted inRegulatory Enforcement
SEC Chair Atkins signals end to ‘regulation by enforcement’ in line with Trump’s pro-crypto agenda
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
Posted inRegulatory Enforcement
Supply chain disruptions caused by Republican policies should be managed
If you’re in third-party risk management, handling the latest disruptions brought on by wild gyrations in tariff rates and export control rules by Republican leadership ought to be child’s play.