Europe may need law to order faster stock settlement, say EU officials
Legislation may be needed to mandate halving the time it takes to settle a stock trade in the European Union to catch up with Wall Street, given the “doubling down in opposition” from market participants worried about costs, EU officials said on Tuesday. The 27-country bloc has said it is a matter of how and […]
States sue US to block rule that oil firms guarantee payment to dismantle old wells
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration’s proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure. The rule, which would take effect later this year, will predominantly affect smaller companies […]