The Hong Kong Monetary Authority has joined the chorus of global regulators and central banks proposing to regulate stablecoin issuers like banks, a movement analysts have called an “extremely high bar” for the assets to meet.
The US Securities and Exchange Commission has revived a proposed rule to stamp out fraud and manipulation in the security-based swaps market, over a decade after abandoning it in the face of industry pushback.
The US’ securities regulator has proposed new rules to increase transparency in the security-based swap market, but one commissioner has warned the rules are “disproportionate” and may “squelch legitimate market activity”.
Similarities between the FCA’s introduction of the Senior Managers and Certification Regime, and current proposals for a consumer duty, may be a harbinger of success for the latter, writes Jenny Stainsby, the …
Linklaters’ former firmwide managing partner Gideon Moore has joined Natwest as its general counsel.
Israel’s banking sector has welcomed a new entrant for the first time in over 40 years, with digital bank One Zero winning a full licence from the country’s central bank.
Essential news with insight, data and horizon scanning for those who advise on and shape the technicalities of banking regulation.
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Similarities between the FCA’s introduction of the Senior Managers and Certification Regime, and current proposals for a consumer duty, may be a harbinger of success for the latter, writes Jenny Stainsby, the …
On December 30, 2021, the Board of Governors of the Federal Reserve System (“Board”) published additional answers to frequently asked questions…
The Internal Revenue Service and the US Treasury Department have issued final regulations providing rules for taxpayers transitioning from interbank…
The European Commission has sent a letter to the European Parliament and the Council of the EU announcing a delay to the date of application…
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“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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