Focus Insight

PHILIPPINES: BSP issues guidelines on the establishment of digital banks

The Bangko Sentral ng Pilipinas (BSP, the Central Bank of the Philippines) has issued Circular No. 1105, Series of 2020 (Digital Bank Circular) dated…

29 December 2020

The FDIC's final rule on applications by industrial banks: a formalised road map for fintechs considering a national banking platform

This advisory discusses the Federal Deposit Insurance Corporation's new Final Rule, which imposes obligations on parent companies of industrial banks…

17 December 2020

OCC finalises changes to activities and operations rules for national banks and federal savings associations

Last month, the US Office of the Comptroller of the Currency (“OCC”) finalized extensive revisions (the “Revisions”) to its rules governing the…

16 December 2020

Irish Central Bank consults on applying its Client Asset Requirements to banks carrying out MiFID investment business

The Central Bank of Ireland (the Central Bank), in a consultation paper published on 3 December 2020, is proposing to extend its Client Asset…

16 December 2020

At a glance: cryptoassets for investment and financing in Taiwan

An overview of key legal and practical considerations surrounding the use of cryptoassets for investment and financing in Taiwan, including regulatory thresholds and the rules governing ICOs.

15 December 2020

Review to simplify Australia’s corporations and financial services legislation announced

The Australian Law Reform Commission (ALRC) has been tasked by the federal government to undertake a review of the legislative framework for…

15 December 2020

China fintech - the beginning of a new regulatory era?

This alert outlines the recent potentially seismic shifts in the Fintech regulatory landscape affecting the regulation and commercial business model…

09 December 2020

Eye on IBOR transition from a structured finance perspective

With December 31, 2021, in plain sight, preparation for the transition from the London Interbank Offered Rate ("LIBOR") and similar interbank offered…

09 December 2020

US: New legislation proposes to merge crypto and banking

Newly-proposed federal legislation would require all issuers of stablecoins and certain other digital asset companies to obtain a bank charter as a…

08 December 2020

IBA to consult on end of USD LIBOR; US and UK regulators respond

On November 30, ICE Benchmark Administration ("IBA"), the administrator of LIBOR, announced a consultation on its intention to cease publishing USD…

01 December 2020

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