Inspections next year by the Securities and Exchange Commission's Office of Compliance Inspections and Examinations are expected to prioritize cybersecurity vulnerabilities and the way financial firms treat investments by baby boomers and retirees, industry experts say. ThinkAdvisor (free registration) (21 Nov.)
Bank of England officials are pushing back against calls to improve how they communicate interest-rate and monetary policy changes, saying being too definite would be risky. "It's tempting to think the bank could promise where rates will be in future, but this would create more uncertainty," Monetary Policy Committee member Michael Saunders told Parliament. Bloomberg (free registration) (21 Nov.)
Winning the right to host the European Banking Authority was a major victory for Paris in its competition with Frankfurt, Germany, to become the dominant financial hub for Europe and attract many financial-sector jobs leaving London because of Brexit. Frankfurt's leaders thought they were certain to get the EBA, but the city did not reach the final round of voting. Handelsblatt (Germany) (free content) (21 Nov.)
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