All articles

“Use your ingenuity to solve regulatory problems”, IOSCO official tells crypto platforms at ISDA event

A senior official at the global securities regulators’ association has said that crypto asset firms rejecting traditional methods of financial regulation should “use their ingenuity” and present regulators with tailored proposals that maintain a similar standard.

16 May 2022

Financial services licensees need to manage cyber risk, Australian court rules

An Australian court has ruled for the first time that cybersecurity risks should be included in financial service licence risk management obligations, while imposes no penalty or prescriptive cybersecurity standards.

16 May 2022

EU begins PSD2 reassessment and open banking consultation

The European Commission has set the ball rolling on a review of PSD2, alongside a new consultation on its open banking and data sharing framework – but some industry voices have said its plans do not go far enough for open finance’s needs.

12 May 2022

EBA opens climate-prudential discussion

The European Banking Authority has begun its discussion of how to capture climate risk in its prudential framework, in the face of opposition from an industry body calling it the “wrong tool for the right purpose”.

12 May 2022

“Lots of greenwashing” hampering Net Zero plans, senior FCA regulator tells ISDA event

The UK Financial Conduct Authority’s head of ESG has warned that banks must be more realistic with their plans to achieve Net Zero carbon emissions by 2050, in remarks to the International Swaps and Derivatives Association annual general meeting in Madrid.

11 May 2022

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

UK government includes two financial regulation bills in Queen's Speech

The UK government has announced plans for two new financial regulatory-focused bills for the next legislative session, with plans for further post-Brexit regulatory onshoring and crypto-asset forfeiture powers.

11 May 2022

“We are at a crossroads”: what’s next for regulation in the UK?

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

Cadwalader’s Cammarn departs for Maine firm Pierce Atwood

The former co-chair of Cadwalader Wickersham & Taft’s financial services department has departed for New England firm Pierce Atwood.

09 May 2022

Get unlimited access to all Global Banking Regulation Review content