Focus Insight

SWITZERLAND: FINMA brings more clarity to transition regimes for financial service providers

The new Financial Services Act and Financial Institutions Act came into force on 1 January 2020 together with their implementing ordinances. These…

14 July 2020

FCA finalised guidance for payments firms: safeguarding customer funds and Covid-19

The FCA recently issued its finalised guidance for payments and e-money firms on safeguarding customer funds and Covid-19. The guidance is designed…

14 July 2020

PRA sets expectations for managing climate risk

On 1 July, Deputy Governor of Prudential Regulation and CEO of the Prudential Regulation Authority Sam Woods wrote to regulated banks and…

08 July 2020

Blockchain Bites: Bank of Canada CBDC analysis, ASX delays CHESS replacement, Digital assets on the agenda at the CFTC and FCA, Telegram and SEC settlement

Canada’s central bank, the aptly named Bank of Canada (or Banque du Canada for our Québécois readers) (BOC) has released a set of comprehensive staff…

07 July 2020

Bank of Russia simplifies procedures for issuing securities and disclosing information

On 11 May 2020, a new Bank of Russia Regulation* “On Standards for the Issuance of Securities” (the “Regulation on Issuance Standards”) came into…

02 July 2020

Volcker Rule changes will expand banks’ investment abilities

Five federal regulatory agencies - the U.S. Department of the Treasury, Federal Reserve System, Federal Deposit Insurance Corporation, Commodity…

01 July 2020

SEC puts LIBOR transition testing in focus

In anticipation of LIBOR discontinuation, the SEC will begin examining transition progress…

30 June 2020

The one-two punch to Madden - FDIC, following the OCC, finalises its regulation clarifying the Valid-When-Made doctrine

Among growing concern about the long-term implications of Second Circuit’s decision in Madden v. Midland Funding, LLC and other cases following it…

30 June 2020

European Parliament adopts the Taxonomy Regulation

Another milestone on the EU's path to achieving the goal of a climate neutral union was reached on 18 June 2020, as the EU Parliament adopted new…

29 June 2020

Volcker Rule 2.0 — impact of final rule on CLOs

On June 25, 2020, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the U.S…

29 June 2020

Get unlimited access to all Global Banking Regulation Review content