The ECB is considering doubling the proportion of cash lenders must keep as reserve in an unremunerated account, six sources told Reuters, which would cut the central bank’s own interest bill and mitigate the side effects of its inflation fight.
Tag: Regulatory Oversight
The U.S. Supreme Court on Monday backed Donald Trump’s firing of a Democratic Federal Trade Commission member, expanding his powers over the government and overturning its 1935 precedent that had recognized the authority of Congress to protect leaders of certain regulatory agencies from presidential removal at will.
The U.S. Securities and Exchange Commission’s enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell, as the agency explores potential issues in private markets, said three people familiar with the matter.