EU regulator ESMA has refused to budge on rules that will disallow derivatives trading on UK venues once the Brexit transition period ends, leaving the UK at risk of losing its dominance of the multi-trillion dollar global derivatives market.
Facebook’s crypto-currency project Libra has hired Credit Suisse’s former global head of regulatory affairs.
The Reserve Bank of India has proposed allowing large conglomerates to obtain banking licences, a move its former governor has said would allow for self-lending and conflicted ownership structures.
On November 20, 2020, the Office of the Comptroller of the Currency (“OCC”) proposed a new regulation setting forth the obligations of large banks to…
In a letter to the industry, the Office of the Superintendent of Financial Institutions (“OSFI”) announced that it will be resuming its efforts to…
With the rapid development of technology and the rise of new finance products and players in the fintech industry, banks are pushed to produce new…
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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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