Focus Insight

UK Chancellor outlines future for financial services post-Brexit

Equivalence decisions for EEA states, green finance and fintech initiatives are at the forefront of the UK Government’s priorities…

12 November 2020

ESG - TCFD and SFDR disclosures: A fork in the road?

The UK government and regulators have jointly announced their approach to implementing the recommendations of the Taskforce on Climate-related…

11 November 2020

United States: interagency statement on role of supervisory guidance to become a rule

In response to a call for a rulemaking by two leading bank industry trade associations, the federal banking agencies have issued a proposed rule to…

11 November 2020

OCC Issues Final "True Lender" Rule

On October 27, 2020, the Office of the Comptroller of the Currency (“OCC”) issued the final version of its “true lender” rule (the “Final Rule”). The…

11 November 2020

Brazil’s new approach to AML/CFT

Demarest partner Fabio de Almeida Braga outlines what practitioners need to know about Brazil’s new risk-based approach to money laundering and terrorism financing.

10 November 2020

"Progress is impossible without change": Operational resilience for financial services institutions

Following a brief hiatus caused by the Covid-19 pandemic, regulators and governments have been recently been re-engaging with reforms in the areas of…

10 November 2020

How can financial institutions adapt their KYC procedures to help identify cryptocurrency risk?

A court in the Netherlands recently ordered forfeiture of 2,532 bitcoins worth $33 million from a couple convicted of money laundering offences. The…

09 November 2020

The EU digital finance package: unwrapping digitally fit rules for financial services

The European Commission is eager to accelerate the EU’s digital transition and to ensure EU leadership in the realm of digital finance…

29 October 2020

FRB and FinCEN propose significant amendments to recordkeeping and travel rule regulations

On Oct. 23, 2020, the U.S. Department of the Treasury, Financial Crimes Enforcement Network (FinCEN) and the Board of Governors of the Federal…

29 October 2020

FSB publishes report on global stablecoins

The Financial Stability Board (FSB) has published its report with recommendations on how to promote coordinated and effective regulation, supervision…

29 October 2020

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