Topic: Bank regulation

BaFin caps N26 growth

Germany’s regulator has intervened to slow the growth of digital bank N26, imposing a cap on new customers, as counsel from Osborne Clarke, White & Case and Freshfields advise on a funding round positioning it as the highest-valued fintech in the German market.

20 October 2021

“Regulation that is fit for purpose”: Coinbase calls for dedicated crypto regulator

Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.

18 October 2021

Sullivan & Cromwell & Wachtell Lipton advising on latest US bank merger

Sullivan & Cromwell and Wachtell Lipton Rosen & Katz are advising on the latest significant banking merger in the US market, with Pacific Northwest entities Columbia State and Umpqua set to combine.

14 October 2021

FINRA to sweep SPACs

The United States’ brokerage regulator has announced a sweep of special-purpose acquisition companies, asking firms to detail conflicts of interest as more regulators begin to closer scrutinise the blank-cheque arena.

13 October 2021

“Regulatory underlaps”: FSB stablecoin report warns of fragmentation

The Financial Stability Board has warned that stablecoin regulation is becoming too fragmented as countries take divergent approaches, which is creating “underlaps” of oversight.

11 October 2021

“Real impact”: US Fed watchdog confirms trading probe

The United States Federal Reserve’s watchdog has commenced a probe into whether senior officials broke any laws by trading during the pandemic, as two senators call for separate SEC and Congressional investigations into whether the central bank’s vice chair engaged in insider trading.

06 October 2021

Singapore’s MAS grants first crypto licences

Singapore’s regulator has granted crypto licences - among the first in the country - to south-east Asia’s largest bank and an Australian digital asset exchange, as Binance confirms it will halt most of its Singaporean operations.

04 October 2021

China’s central bank bans crypto - again

The People’s Bank of China has banned cryptocurrency mining and transactions nationwide, in its third move to stamp out the virtual currencies this year.

27 September 2021

Big Tech sceptic tapped for Comptroller

After months of deliberation, US President Joe Biden has nominated a Comptroller of the Currency in former Davis Polk & Wardwell attorney Saule Omarova, who would be the first woman and person of colour to permanently fill the role.

24 September 2021

Latham, Davis Polk and Wachtell Lipton advising as First Interstate Bank acquires Great Western

US banks First Interstate and Great Western are set to combine in an all-stock transaction to create a Midwest behemoth, as an investor rights firm attempts to gather shareholder support against the deal.

20 September 2021

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