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Up to £1.6 trillion ($2.14 trillion) of assets are affected by the advice of the U.K.'s 12 largest investment consultants. (AP)

UK Antitrust Watchdog Begins Investment Consultancy Probe

Britain’s competition watchdog launched a major antitrust probe of the investment consultancy industry on Thursday, when it presented investigators and their areas of focus.

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EIOPA Welcomes Decision That Will Boost Its Powers

The European Union’s top insurance regulator has welcomed a decision that will strengthen its powers to streamline industry supervision, saying the move would help protect consumers across the bloc.

EU Regulators Begin Work On Euribor Replacement

European financial authorities announced Thursday the launch of a working group tasked with developing a risk-free overnight interest rate that will replace scandal-hit benchmarks currently under reform.

EU-US Regulators Close To Reaching Equivalence Decision

A decision on the equivalence of securities and derivatives markets regulation in the U.S. and the European Union could be finalized in the next few months after intense negotiations between regulators on both sides of the Atlantic, a senior EU official said Wednesday.

City Holds Its Breath For May's Brexit Intervention

Theresa May is to lay out her vision for Brexit in a major speech in Florence on Friday, hinting at a transitional exit from the bloc for Britain that will allow financial services firms breathing space beyond the March 2019 deadline.

ESMA Gets New Supervision Powers In EU Regulator Overhaul

The European Securities and Markets Authority will be handed a greater role in market abuse investigations under European Union plans to make the watchdog the direct supervisor for a range of capital markets, the bloc’s head of financial services said Wednesday.