The European Commission has let pass a deadline to extend an equivalence regime for Swiss exchanges that ends July 1, a source says. Switzerland's failure to endorse a partnership treaty with the EU reportedly is the reason. Reuters (21 Jun.)
Vanguard is holding exploratory talks with private equity firms about offering clients access to private equity funds, sources say. The move would mark a major change for the company, which is known for low-cost funds that invest in publicly traded equity and debt. CNBC (23 Jun.)
The Financial Action Task Force is setting tougher standards for countries to oversee cryptocurrency exchanges to stem illegal activity. The industry welcomes the standards, says Global Digital Finance, a trade group representing cryptocurrency firms. Reuters (21 Jun.)
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