As we approach the four-year anniversary of the US Dodd-Frank Act, many new financial industry rules meant to reform Wall Street remain incomplete. Bloomberg Government, in partnership with CFA Institute, recently held a panel discussion, “Where Do Financial Institutions Go from Here?,” to examine the outlook for several important areas of reform:
Prudential standards and resolution planning
Securities regulations, including corporate governance issues
Nasdaq has met with the board of Norwegian exchange Oslo Bors to discuss the possibility of countering Euronext's €625 million takeover bid, sources say. Financial Times (subscription required) (17 Jan.)
More than 130 business leaders have responded to a deadlock in the UK Parliament by signing a letter calling for a second Brexit referendum to prevent a chaotic withdrawal from the EU. "The only feasible way to do this is by asking the people whether they still want to leave the EU," the letter says. CNBC (17 Jan.)
The Chinese government is likely to establish a growth target for this year that falls short of the 6.5% target set for 2018, sources said. This year's target is expected to be 6% to 6.5%. China Daily (Beijing) (18 Jan.)
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