Sullivan & Cromwell and Simpson Thacher advising on first Biden-era bank merger
New York-based M&T Bank has agreed to acquire People’s United in a US$7.6 billion deal – the first bank merger agreed since the Biden administration took office.
New York-based M&T Bank has agreed to acquire People’s United in a US$7.6 billion deal – the first bank merger agreed since the Biden administration took office.
The European Banking Authority has told national regulators to take supervisory measures against banks that fail to remove obstacles to open banking under the second Payments Services Directive.
US Federal Reserve Board governor Lael Brainard has expressed her support for mandatory climate disclosures by banks to help measure and mitigate climate risk, while IOSCO’s Ashley Alder has called for greater standardisation and “more substantive uptake” of TCFD expectations.
In an announcement made on 15 February 2021, the Bank of Thailand introduced additional regulations surrounding the supervision of Security of…
On 28 January 2021, the Financial Conduct Authority (FCA) published a consultation paper (CP21/3)1 proposing various changes to the UK regulation of…
In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation…
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Bank of England governor Andrew Bailey has urged caution on stablecoin initiatives, saying multi-currency ‘baskets’ are the “wrong place to start”.
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