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EU to consider lessons from frenzied retail trading on Wall Street - Vimarsana News

EU to consider lessons from frenzied retail trading on Wall Street

The European Union will consider potential lessons from the recent frenzied trading by retail investors on Wall Street in its broad review of consumer protection in markets, a senior European Commission official said on Friday. The rise of retail investors in share trading is a trend that cannot be prevented but it has to be managed, said John Berrigan, head of the EU executive's financial services unit. Online trading came to the fore last month after retail investors following the Reddit forum WallStreetBets piled into GameStop Corp share via the Robinhood platform, sending the retail...

Source: yahoo.com
Financial institutions general regulatory news, January 2021 # 2 | Hogan Lovells - Vimarsana News

Financial institutions general regulatory news, January 2021 # 2 | Hogan Lovells

Regulatory permissions: FCA reminds firms to use or cancel DB pension transfer advice: FCA Assessment Tool and latest data analysis FCA MoU with DWP and MaPS Consumer investments data review 2020: FCA summary CMC charges for financial products and services claims: FCA CP21/1 FCA Regulation round-up UK Regulators Network: second publication of performance scorecards EU economic and financial system: European Commission Communication on further steps to foster openness, strength and resilience IFD: EBA final reports on draft RTS on risk takers and variable remuneration FICOD: Joint Committee of...