The SEC pushed through Treasury clearing reform . . . so what now?
Treasury clearing 201: the centralising
Financial & markets regulation
Ageing computers pose obstacle on the UK’s path to decarbonisation
Also in today’s newsletter, the IEA bets that coal won’t make a comeback
Renewable energy
Central banks struggle with changing facts
Whether they changed their minds or stuck firm, markets did not believe them
Central banks
Eurozone banks must prepare for ‘more volatile’ funding sources, warns ECB
Bank’s regulatory chief Andrea Enria says lenders have ‘solid’ capital ratios but will face tighter conditions in 2024
Financial & markets regulation
Meta faces accusations over content moderation in Israel-Hamas conflict
Independent oversight board says Facebook parent should offer greater protection to freedom of expression
Social Media
Gina Rinehart and Chile’s SQM to buy lithium miner Azure
$1.1bn deal comes after Australian billionaire thwarts Liontown takeover
Mergers & Acquisitions, Batteries
Swiss financial regulator calls for tougher powers after Credit Suisse collapse
Finma report says it ‘exhausted its options’ in regulating scandal-plagued bank
Financial & markets regulation
BNPL: Christmas boom will not save investors from paying later
Lenders are stuck between an unprofitable business model and rising regulatory scrutiny
Fintech
Activist Cevian places €1.2bn bet on UBS
Swiss lender could double valuation if it can close gap with US rival Morgan Stanley, investor says
Investment Banking
India’s Tata sets sights on food and drink deals
Owner of Tetley tea wants to acquire brands that can grow internationally as well as within the country
Mergers & Acquisitions