Latest news with #financialRegulation
Bloomberg
16 hours ago
- Business
- Bloomberg
Nigerian Lenders Unveil Asset Remedy Plans After Regulator Order
Top Nigerian banks will make provisions for non-performing loans and cut exposure to certain clients that are above regulatory thresholds, responding to a central bank directive that raised questions and hurt their shares. Falling into line with the regulator's request will enable them pay dividends, director bonuses and invest in foreign subsidiaries after Central Bank of Nigeria this week barred them from doing so until they get their books in order.
Bloomberg
13-06-2025
- Business
- Bloomberg
Regulators Are Harming UK as a Financial Center, Lawmakers Warn
A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found. The House of Lords Financial Services Regulation Committee said officials need the clip the wings of the Financial Ombudsman Service, whose awards for motor finance claims have been so large foreign firms fear there is a 'regulatory penalty attached to investing in the UK.'
Bloomberg
11-06-2025
- Business
- Bloomberg
US Regulators Seek Rollback of 1-Minute Bond Trade Reporting
US financial regulators want to roll back measures introduced during the Biden administration that slashed some fixed-income trade reporting to just one minute, calling to return to the 15-minute status quo for disclosing many bond transactions. The Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board proposed going back to the longer time frame to address industry concerns that were raised after the 1-minute deadline was approved in 2024.
Yahoo
09-06-2025
- Business
- Yahoo
Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of May 31, 2025
Press ReleaseVELIZY-VILLACOUBLAY, France — June 9, 2025 Declaration of the number of outstanding shares and voting rights as of May 31, 2025 Dassault Systèmes (Euronext Paris: FR0014003TT8, today announced below the total number of its outstanding shares and voting rights as of May 31, 2025, according to articles 223-16 and 221-3 of the General Regulation of the Autorité des marchés financiers. Number of outstanding shares: 1,340,826,964 Number of voting rights*: 2,014,017,258 *The total number of voting rights is calculated on the basis of the total number of outstanding shares, even if the voting rights attached thereto are suspended, pursuant to Article 223-11 of the General Regulation of the Autorité des marchés financiers relating to the method for calculating the percentages of holdings in shares and in voting rights. We invite our shareholders to refer to this article should they need to declare crossing of thresholds. Declarations related to crossing of threshold must be sent to: Dassault Systèmes, Investor Relations Service, 10, rue Marcel Dassault, CS 40501, 78946 Vélizy-Villacoublay Cedex (France). E-mail address: Investors@ ### ABOUT DASSAULT SYSTÈMES Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit Dassault Systèmes Investor Relations Team FTI ConsultingBéatrix Martinez : Arnaud de Cheffontaines: +33 1 47 03 69 48+33 1 61 62 40 73 Jamie Ricketts : +44 20 3727 1600investors@ Dassault Systèmes Press ContactsCorporate / France Arnaud Malherbe: +33 1 61 62 87 © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval. Attachment Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of May 31, 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
09-06-2025
- Business
- Telegraph
Ex-Tory donor's payments company hit by money-laundering crackdown
A payments business controlled by a former Tory donor has been hit by a crackdown by Britain's financial watchdog over anti-money laundering failures. Lycamoney, which is controlled by British-Sri Lankan entrepreneur Allirajah Subaskaran, was targeted by the Financial Conduct Authority (FCA) in 2024 over concerns it would not be able to spot fraud. The shortcomings led to the business being forced into a strict oversight regime with the FCA, while an audit of its anti-money laundering processes was also carried out. The company was forced to stop accepting new customers as a result of the probe, with the block still in place until earlier this year. Bosses addressed the issue in Lycamoney's latest accounts, as they admitted that the company was scrutinised for a 'serious regulatory matter'. The website for Lycamoney, which was set up to help people send money overseas to family and friends, remains offline. The FCA's inquiry into Lycamoney came as part of a broader crackdown on anti-money laundering, as the regulator warned many payment firms last year to tighten up their processes or risk penalties. Mr Subaskaran, who handed more than £2m to the Tories between 2011 and 2016, founded Lycamoney after setting up Lycamobile in 2006. Companies House filings show that he is also the ultimate owner of Lycamoney. However, his sprawling web of mobile, media and payments businesses has come under increasing scrutiny in recent years after a string of accounting and tax issues. Lycamobile, Mr Subaskaran's best-known brand, sells pay-as-you-go SIM cards to migrants making international calls. The company admitted last year that auditors had refused to sign off its accounts, as they warned that they had been unable to find sufficient evidence over loans totalling almost £150m. The majority of the company's staff were then sacked in December. Lycamobile also lost a case against HMRC last August after failing to argue that its call, text and data bundles were exempt from VAT. This left the company facing a potential bill of up to £51m. The company's latest accounts show that it had lost £2.2m in the year ending December 2023.
