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Top Financial Services: Regulation Tomorrow News

European UnionEU member state negotiators agreed to scale back the Due Diligence Directive (CSDDD), limiting it to corporate giants with at least 5,000 staff and €1.5bn in turnover. Only six member states have companies large enough to fall under the revised law: France, Germany, Italy, the Netherlands, Sweden, and Spain.See the Story
Council moves to drastically limit scope of EU due diligence rules
100% Left coverage: 1 sources

Bank of England · United KingdomUK financial regulators have renewed their commitment to better coordination in the fast-evolving payments sector through an updated Memorandum of Understanding (MoU). According to Finextra, The revised agreement sets out clearer responsibilities and introduces new principles for cooperation among the Bank of England, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR). The Mo…See the Story