Topic: Banking regulators

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

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 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

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

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

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 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

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

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

Trade organisation ISDA has called for reform in the ESG-friendly investment sector, calling on market participants to adopt quantitative key performance indicators to verify that sustainability-linked derivatives meet their stated goals.

15 September 2021