The United States Federal Reserve will ban its top officials from holding individual stocks, and outlaw all trading activity during periods of heightened financial stress, as it responds to a controversy that saw two of its bank chiefs step down.
Federal regulators in the United States have laid out the boundaries of what a “new” Libor contract constitutes, ahead of the benchmark’s forthcoming end date this December.
The “vast majority” of EU banks are not carrying out necessary climate analysis and should be legally required to adopt climate transition plans, according to a European Central Bank board member.
Germany’s regulator has intervened to slow the growth of digital bank N26, imposing a cap on new customers, as counsel from Osborne Clarke, White & Case and Freshfields advise on a funding …
With the UK and EU issuing new AML/CTF packages within days of one another over the summer, Anna Bradshaw, partner at Peters & Peters in London, warns banks to prepare for ever …
Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.
Essential news with insight, data and horizon scanning for those who advise on and shape the technicalities of banking regulation.
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Increased use of virtual currency as a payment method brings greater exposure to sanctions risks, whether in respect of UN and trade sanctions or…
Coinbase's proposal is one of a number of approaches to digital asset regulation intended to address the exponential growth in the digital asset…
Do cryptoassets pose a risk to the stability of the UK's financial system? In a speech published on 13 October, Sir Jon Cunliffe, Deputy Governor for…
Two recent papers from industry bodies have pressed the case for regulatory recognition arrangements to ease regulatory burdens. TheCityUK (TCUK) has…
“There are not a lot of people who are cut out for this”: In the first of a two-part interview with A&O’s UK head of financial regulation Damian Carolan, he discusses innovation, the importance of a global network, and what he thinks marks out the top-tier regulatory practices from the also-rans.
In the last year, the banking sector has weathered the covid-19 crisis, but the demises of non-banks Archegos, Greensill and Wirecard have raised questions about the distinctions between bank and non-bank regulation. As fintechs continue to innovate, and alternative lenders offer an increasingly wide range of services, do regulators need to widen their perimeter?
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