Germany’s banking regulator has clarified elements of its Bank Separation Act, stressing that special-purpose vehicles controlled by investment funds can assume the default risk when borrowing from fully-licenced banks.
12 August 2020
The European Banking Authority has released its final report on disclosure and reporting of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss absorbency requirement (TLAC), marking the first time the regulator has developed rules for these areas.
07 August 2020
WhatsApp has received a boost in its quest to launch its payment platform in India after a Supreme Court affidavit filed last week revealed it has complied with data localisation rules, but the Indian central bank is yet to give it the go-ahead.
05 August 2020
The UK’s Financial Conduct Authority will require dual-regulated firms to “ensure and demonstrate” gender-neutral remuneration practices as part of CRD V compliance – while the Prudential Regulation Authority announces changes to its group buffer policies under the directive.
04 August 2020
Intesa Sanpaolo, Italy’s second largest bank by assets, has secured the two-thirds majority in shares it needed to push through its €4.2 billion takeover of UBI Banca, in what is Europe’s largest banking merger for a decade.
30 July 2020
The European Banking Authority has proposed to change how it calibrates banks’ minimum requirement for own funds and eligible liabilities (MREL).
29 July 2020
The European Banking Authority has invited banks and regulators to chime in as it prepares to make recommendations on reducing the costs of complying with supervisory reporting obligations.
27 July 2020
José Eduardo Carneiro Queiroz, managing partner of top-tier Brazilian firm Mattos Filho, and considered one of the country’s sharpest minds in the banking and capital markets fields, has died unexpectedly aged 49.
24 July 2020
WhatsApp is attempting to re-launch its payment platform in Brazil after being suspended within a week of its debut last month, as the central bank’s director says modifying existing regulations was the only way it could permit the service in its original form.
22 July 2020
Ukraine’s central bank has appointed a new governor after its previous head resigned over “systematic political pressure”; regulators in the UK and Dubai have announced board changes; and Swiss firm Schellenberg Wittmer has hired an of counsel in Geneva.
20 July 2020
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