Focus Insight
OCC proposes fair access to financial services requirements
On November 20, 2020, the Office of the Comptroller of the Currency (“OCC”) proposed a new regulation setting forth the obligations of large banks to…
25 November 2020
OSFI revises anti-money laundering supervisory approach
In a letter to the industry, the Office of the Superintendent of Financial Institutions (“OSFI”) announced that it will be resuming its efforts to…
24 November 2020
INDONESIA: Regulating the growth of electronic and digital banking services
With the rapid development of technology and the rise of new finance products and players in the fintech industry, banks are pushed to produce new…
18 November 2020
Hong Kong regulator gives in-principle approval to license crypto exchange firm
A cryptocurrency firm, OSL Digital Securities (“OSL”), said in an exchange filing on 21 August 2020 that the Securities and Futures Commission…
17 November 2020
Japan to establish Financial Market Entry office and promote English filings
The Financial Services Agency of Japan (FSA) announced on November 6 that together with the local finance bureaus, it will establish a Financial…
17 November 2020
“Strong and simple”: UK banks after 2021
Last week, Sam Woods, CEO of the Prudential Regulation Authority (PRA) gave a speech on the regulatory architecture for UK banks following the end of…
17 November 2020
Proposal for mandatory SFC licence for all virtual asset trading platforms
Each year we see major developments in Hong Kong’s virtual asset (VA) regulation being revealed at the city’s FinTech Week. This year is no different…
12 November 2020
UK Chancellor outlines future for financial services post-Brexit
Equivalence decisions for EEA states, green finance and fintech initiatives are at the forefront of the UK Government’s priorities…
12 November 2020
ESG - TCFD and SFDR disclosures: A fork in the road?
The UK government and regulators have jointly announced their approach to implementing the recommendations of the Taskforce on Climate-related…
11 November 2020
United States: interagency statement on role of supervisory guidance to become a rule
In response to a call for a rulemaking by two leading bank industry trade associations, the federal banking agencies have issued a proposed rule to…
11 November 2020
Get unlimited access to all Global Banking Regulation Review content