Japan’s regulators to check high-risk trades after Archegos

Japanese regulators will heighten scrutiny on high-risk trades by domestic financial institutions in the wake of the Archegos fallout, the Nikkei business daily reported on Wednesday. Top investment bank and brokerage, Nomura Holdings, was one of the highest-profile casualties while Mitsubishi UFJ Financial Group (MUFG) warned of a loss of around $270 million. The Financial […]

Continue Reading

BlackRock’s Fink wants more sustainability data from private cos

BlackRock Inc Chief Executive Larry Fink on Wednesday called for more disclosure requirements for private companies as governments create new accounting standards for sustainable business areas like climate change. In a letter to shareholders of the world’s largest asset manager, provided by a spokesman, Fink wrote that government “must play the leadership role” in cutting […]

Continue Reading