Focus Insight

COVID-19: German Regulator BaFin uses “Full supervisory flexibility”

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) set up an emergency Website informing…

03 April 2020

UK sanctions enforcer fines Standard Chartered £20.4 million for loans to Russian banks

As businesses across all sectors adapt to new ways of working, compliance issues may understandably slip down the priority list. However, compliance…

01 April 2020

The CARES Act: Provisions Directly Affecting Financial Institutions

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) will provide emergency assistance to healthcare providers…

27 March 2020

Regulating Cryptoassets May Be Harder Than FCA Expects

On 6 March 2020, Therese Chambers, Director of Retail and Regulatory Investigations at the Financial Conduct Authority (“FCA”), gave a speech at The…

27 March 2020

INDIA: RBI ban on banks' crypto deals quashed

Reserve Bank of India (RBI) first issued its ban on banks‟ dealings with crypto businesses back in April 2018 (the 'order'), which took effect in…

26 March 2020

COVID-19: Turkey's BRSA issues further measures to fight financial fluctuations

The BRSA introduced the following measures to be applied until December 31, 2020: Banks will be entitled to use the year-end…

25 March 2020

COVID-19: Ontario Suspends Limitation Periods and Procedural Deadlines

With courts across Ontario suspending regular operations in the wake of COVID-19, the Ontario Government has now made an order suspending limitation…

22 March 2020

Turkey adopts new regulation on bank IT systems and electronic banking services

The Banking Regulatory and Supervisory Authority (''BRSA'') prepared the Regulation on Banks’ Information Systems and Electronic Banking Services…

18 March 2020

COVID-19: Will Borrower Defaults Increase?

On 11 March 2020, the Bank of England (the "Bank") warned of "an economic shock that could prove sharp and large" resulting from the coronavirus…

17 March 2020

UK Government unveils plans for economic crime levy

The UK Government has announced how it proposes to bolster the ability of UK criminal enforcement authorities to use their formidable investigative…

13 March 2020

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