Focus Insight

The OCC’S ANPR on Digital Banking: Is this a Harbinger for Digital and Open Banking in the US?

The office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) on June 3, 2020, focusing on digital…

19 June 2020

European Banking Authority Announces 10-Point Action Plan on Cum-Ex/Cum-Cum

On 12 May 2020, in response to the so-called Cum-Ex Files, the EBA published its report on competent authorities' approaches to market integrity risks…

18 June 2020

Back to the Future for the OCC Under New Acting Comptroller Brian Brooks

Less than one month ago, Brian Brooks assumed the position of Acting Comptroller of the Office of the Comptroller of the Currency (OCC). Upon taking…

18 June 2020

European Parliament Calls for New EU Common Framework for Cryptoassets

An ECON draft report on digital finance recommends legislative action in relation to cryptoassets and cyber resilience and a framework for digital…

17 June 2020

Cryptocurrency Regulations in times of COVID-19: A boon or bane to India?

Launched soon after the 2008 financial crisis, the first ever cryptocurrency that took the world by storm was the "Bitcoin." Since then, over 3,000…

15 June 2020

INDIA: The balancing act between innovation and regulation in SEBI's regulatory sandbox

There is a "trust deficit" among the masses - deficit in trusting and subsequently using FinTech products in their daily lives. This notion is a…

15 June 2020

ASIC v Bendigo and Adelaide Bank - Unfair contract terms regime for financial services and beyond

The recent Federal Court decision of ASIC v Bendigo and Adelaide Bank Limited [2020] FCA 716, which found that certain types of clauses used by…

11 June 2020

OCC Seeks Comment on Cryptocurrency and Distributed Ledger Technology

Last week, the Office of the Comptroller of Currency (the OCC), the primary federal regulator of national banks, issued an advanced notice of…

10 June 2020

How to mitigate your KYC / Anti Money Laundering (AML) compliance risks

Money laundering is not a misdemeanor: it enables criminals to hide the proceeds of their crimes (predicate offenses). Most often, the financial…

10 June 2020

EBA publishes roadmap for delegated mandates under the updated prudential regime for investment firms

The European Banking Authority (EBA) has published a roadmap for implementation of its mandates arising from the Investment Firms Directive and…

05 June 2020

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