Topic: Cross-border transactions

China expands foreign access to bond market

Foreign investors in Shanghai and Shenzhen will be able to directly trade Chinese bonds from July under new reforms, as China completes the opening up of its onshore bond market.

01 June 2022

“We are at a crossroads”: what’s next for regulation in the UK?

CityWeek’s 12th annual Financial Services Forum heard keynotes from the chief executives of the Financial Conduct Authority and Prudential Regulation Authority, along with discussions of the UK’s ambitions as a crypto hub and its potential for regulatory divergence post-Brexit.

09 May 2022

Binance operations in UK concerning, says FCA

The UK’s financial watchdog has said it has “limited powers” to object to a partnership that will see banned crypto firm Binance able to operate in the UK again.

23 February 2022

Crypto assets a threat to global stability, FSB says

Crypto-assets’ too-rapid evolution may threaten global financial stability, according to a new warning issued by the Financial Stability Board (FSB), the same day as 18 crypto companies join together to propose an “industry-driven solution” for crypto to comply with FATF standards.

17 February 2022

Climate risk measures are fragmenting across the globe, industry bodies warn

As climate consultations from the OCC and the BCBS drew to an end this week, industry bodies have warned their respective proposals could create a “fragmented” climate risk landscape and funnel too many regulatory resources towards uncertain and disparate climate requirements.

16 February 2022

Digital dollar could provide “near-perfect substitute” for currency, Fed says

The US Federal Reserve has released its long-awaited discussion paper on a potential US central bank digital currency­, kick-starting a debate among both regulators and industry players on the potential and pitfalls of a digital dollar.

21 January 2022

Crédit Agricole secures Australian licence, Ashurst advising

French bank Crédit Agricole has become one of the few foreign banks to operate in Australia, receiving a licence that will see the bank expand into lucrative Asian finance.

05 January 2022

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

Bank inhousers back voluntary carbon market at ISDA event

In-housers at Citi and Deutsche Bank have urged rapid regulation of the voluntary carbon market in the run-up to COP26 at an ISDA event in London, saying that it’s the only way to avoid greenwashing’s “kiss of death” – but they don’t want that regulation to come from government.

27 October 2021

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

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