Topic: Banking regulators

Simmons & Simmons advises on UK-Kuwait Islamic digital bank creation

A Kuwaiti bank advised by Simmons & Simmons has established the world’s first international Islamic digital bank.

13 August 2021

Circle sets sights on federal charter

US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.

11 August 2021

Houlihan Lokey set to acquire Japan’s GCA, with Latham and MoFo advising

Latham & Watkins and Morrison & Foerster are advising on Houlihan Lokey’s planned acquisition of Tokyo-based investment bank GCA, set to create of one of the world’s largest M&A-focused institutions.

05 August 2021

BaFin releases “counterproductive” anti-greenwashing proposals

Germany’s banking regulator has proposed tighter rules on when investment funds can label something “sustainable”, but a local industry group says the rules could damage the country as an investment location.

05 August 2021

EBA seeks to centralise AML compliance norm-setting

The EBA has proposed new guidelines that lay out its expectations of firms’ anti-money laundering compliance officers, set to be the first of their kind and which it says will streamline compliance across the EU.

04 August 2021

SEC hints at forthcoming climate disclosure rules

SEC chair Gary Gensler has promised widely anticipated climate disclosure rule proposals will arrive this year and will move beyond the existing TCFD framework.

02 August 2021

MAS and ECB the latest to scrap dividend restrictions

Singapore’s regulator has lifted a pandemic-era dividend cap, one of the last regulators to do so after the ECB removed its restrictions late last week.

29 July 2021

UK-based foreign banks face new information rules

The Prudential Regulation Authority has made changes to proposed regulations for international banks operating in the UK after consultation feedback urged against burdensome information requirements.

28 July 2021

From cliff-edge to glide path: BoE MREL proposals smooth way for challenger banks

The Bank of England has proposed to ease growing lenders into the process of raising “bail-in” capital by introducing a “stepped glide path” for their MREL obligations.

26 July 2021

FRC critiques “unacceptable” KPMG bank audits

The Financial Reporting Council’s annual review of the UK’s audit sector has highlighted “specific concerns” over the quality of KPMG’s bank audits for the third year running.

26 July 2021

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