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BoE proposes tighter post-Brexit CCP rules

The Bank of England has proposed a new tiered system for non-UK central counterparties looking to do business in the country, following the EU’s introduction of its own stricter post-Brexit approach last year.

10 November 2021

Fed’s Quarles resigning

Federal Reserve governor Randal Quarles is set to step down from the regulator’s board at year end, as US president Joe Biden continues to mull the reappointment of the central bank’s chair Jerome Powell.

10 November 2021

Fintech acquires Germany’s Fondsdepot bank, Ashurst advising

Ashurst is advising Scottish-New Zealand fintech FNZ as it acquires German bank Fondsdepot.

10 November 2021

Are tokens securities?

Despite their growing popularity as an investment, the United States’ financial regulators are yet to implement a regulatory structure around digital assets. What is taking so long?

08 November 2021

Commonwealth’s march into crypto attracts APRA attention

Australia’s prudential regulator is formally examining plans from Australia’s largest bank to become the first of its peers to roll out a crypto trading platform.

08 November 2021

Credit Suisse retrenches following Archegos and Greensill debacles

Credit Suisse has announced plans to draw back from its hedge fund financing activities to focus on private banking and wealth management, following a year that has seen it burned by both the Archegos and Greensill collapses and a set of regulatory interventions.

04 November 2021

COP26 Finance Day: regulation round-up

Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.

04 November 2021

Regulate stablecoins as banks, US Treasury body says

The US Treasury’s regulatory working group has called on Congress to “urgently” introduce legislation to regulate stablecoins as banks, in an effort to manage what it deems their “significant and growing risks”.

03 November 2021

OCC warns of “absurd results” in review of ex-CEO fine

The OCC has argued an ex-bank CEO’s attempts to compel review of his six-year-old consent order, following a 2018 Supreme Court ruling on the SEC’s use of administrative law judges, would cause “chaos” in the United States’ administrative order if allowed.

03 November 2021

Regulators in Danske scandal voted to decide their own fate, record shows

Denmark and Estonia, the two countries at the heart of the €200 billion money laundering scandal at Danske Bank, participated in a vote that determined whether the European Banking Authority carried out an investigation into internal failings at the bank.

01 November 2021

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