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The latest stablecoin bill introduced in the Senate, if passed, could embolden banks to step into the stablecoin markets, according to ratings agency S&P Global Ratings. The Lummis-Gillibrand Payment Stablecoin Act, introduced last week by Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y., would bring clarity to regulations that “should encourage banks into the stablecoin market,” the ratings agency said in a note on Wednesday.

Market share for career agents continued its long slide last year.

London Stock Exchange Group shareholders will vote on Thursday on whether to potentially double the pay of CEO David Schwimmer, after the 300-year old bourse campaigned to raise executive rewards to strengthen UK capital markets. LSEG’s annual general meeting will vote on proposals to allow Schwimmer’s total yearly remuneration to rise to up to 13.063 million pounds ($16.14 million) from 6.25 million pounds.

Direct, continuous pricing streams are slowly but surely reshaping how U.S. Treasuries are traded. The majority of the U.S. Treasury market is traded electronically. In 2023, 64% of the $755 billion average daily notional volume (ADNV) was executed via a combination of central limit order books (CLOB), request for quote (RFQ) and direct, continuous pricing streams.

Despite the continued rise in regulatory expectations, expenditure on compliance operations has decreased compared to 2023, as has investment in RegTech, according to a recent report by SteelEye. According to the annual State of Financial Services Compliance Report, while financial firms express intentions to allocate more resources to compliance, the reality reflects scrapped projects, constrained budgets, and compliance burnout.