Focus Insight

Is the FCA reluctant to probe money laundering?

Recently it has come to light that the FCA has discontinued 50% of its criminal investigations into money laundering rule breaches. Does this betray a…

29 September 2020

United Kingdom: FCA and PRA publish consultations on the implementation of CRD V

The Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) have recently published consultations relating to the…

24 September 2020

FinCEN seeks comments on effectiveness of AML programs, presenting rare opportunity for fintech and blockchain companies

On September 16, 2020, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published an advanced notice of proposed…

22 September 2020

OCC concludes national banks have authority to hold stablecoin reserves

In an Interpretive Letter, the OCC affirmed the authority of a National Bank or federal savings association to hold stablecoin reserves for customers…

22 September 2020

Cayman Islands regulator releases updated cybersecurity rules and guidance

The Cayman Islands Monetary Authority (CIMA) has updated its Rule and Statement of Guidance - Cybersecurity for Regulated Entities following feedback…

17 September 2020

EBA and ESMA consultation paper on Guidelines on the assessment of suitability of members of the management body and key function holders

The European Banking Authority and the European Securities Markets Authority have opened a consultation on changes to the Joint ESMA and EBA…

17 September 2020

Reframing chapter 7 of the Corporations Act? ALRC corporations and financial services regulation review announced

The ALRC has been tasked with conducting a three stage review of the legislative framework for corporations and financial services regulation. The…

16 September 2020

First look at the proposed EU regulation on markets in crypto-assets (MiCA)

The European Union (hereinafter 'EU) seems to have progressed rapidly and is at advanced stages promising a complete digital finance regulatory…

12 September 2020

AUSTRALIA: 32 quick wins? The Senate Committee has released its fintech/regtech interim report

Overview: Senate Select Committee on Financial Technology and Regulatory Technology interim report recommendations…

09 September 2020

BoE governor speaks: payments firms should expect regulatory change

Andrew Bailey outlined what payments market participants can expect from regulators seeking to address financial stability risk in the world of…

09 September 2020

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