Focus Insight

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

EU Advances ESG Related Reforms to Financial Services Regulations

The topic of sustainable finance is high on the agenda among policy makers in the European Union. The consideration of environmental, social and…

05 June 2020

Megan Butler on the FCA’s response to Covid-19 and expectations for 2020

On 4 June, Megan Butler, Executive Director of Supervision - Investment, Wholesale and Specialists at the FCA, delivered a speech on the FCA’s…

05 June 2020

EBA Report on the Cum-Ex dividend arbitrage controversy

Banks, brokers and private wealth managers (and their Compliance Officers and PCFs) should take note of the report recently published by the European…

03 June 2020

UK Tough Legacy Taskforce recommends LIBOR legislative fix: key risks and next steps

The UK’s Tough Legacy Taskforce (Taskforce) has issued a paper on “tough legacy” issues in the transition from LIBOR. In an important intervention…

02 June 2020

Will central bank digital currencies be the public sector response to global stablecoins in the UK and EU?

As consumers use cash to make payments less frequently, and fintech firms offer new forms of money and new ways to make payments, Central Banks…

01 June 2020

Open banking in Nigeria - revolution or risk?

While open banking has the potential to revolutionise the Nigerian banking industry, some of the essential infrastructure needed for it to thrive is…

29 May 2020

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