Focus Insight
COVID-19: Pandemic planning for financial service providers
Now that COVID-19 has been declared a pandemic, we anticipate that most financial service providers (“Firms”) will have started to implement their…
13 March 2020
Replacing the passport relief system: what does ASIC’s regulatory guidance mean for foreign financial services providers?
ASIC has long been consulting on proposed changes to the regulatory regime applicable to foreign financial services providers (FFSPs) and specifically…
12 March 2020
Assessing the implications of Elizabeth Warren's bank M&A proposal
In December of 2019, Senator Elizabeth Warren and Representative Jesús García announced the introduction of the Bank Merger Review Modernization Act…
06 March 2020
Financial regulators to review firms’ coronavirus contingency plans
On 4 March 2020, the Financial Conduct Authority (FCA) released its first statement on Covid-19 (coronavirus), confirming that it is working…
06 March 2020
ASIC and APRA provide update on post-Financial Services Royal Commission regulation
ASIC and APRA, in addition to the Royal Commission recommendations addressed to them speci cally, are working with the Federal Government to assist…
05 March 2020
Trump Administration Plans to Introduce New AML Requirements for Cryptocurrencies
Treasury Secretary Steven Mnuchin remarked before a hearing of the Senate Finance Committee three weeks ago that “significant new requirements at…
05 March 2020
Does the EU's SFTR Mandatory Reporting Apply to Your Margin Lending Transactions?
The mandatory reporting of securities financing transactions is designed to enhance transparency on shadow banking activities. The European Union's…
05 March 2020
The Evolution of E-Money: What's in a definition?
Electronic money or e-money has been subject to regulation in the EU since April 2002 when the first Electronic Money Directive 2000/46/EC (“EMD1”)…
04 March 2020
Coronavirus: Tools that Banks and Bank Regulators Have that Can Help
The current outbreak of the coronavirus has triggered considerable press coverage about the steps the Federal Reserve Board and the Federal Open…
04 March 2020
Digital operational resilience - Issues for firms
UK regulators and the European Commission separately launched consultations in December 2019 on the increasingly important theme of ‘operational…
03 March 2020
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