From Lexology

The UK government sets out further plans to boost fintech and financial services

On 19 April, the Chancellor of the Exchequer, Rishi Sunak, announced further information on plans to boost the UK's fintech sector in the wake of the…

23 April 2021

The FCA publishes its second consultation on the Investment Firms Prudential Regime

The FCA has published its second Consultation Paper (CP21/7) on the Investment Firms Prudential Regime ("IFPR"). The IFPR is a new prudential regime…

23 April 2021

New Zealand: regulations to support the new regime for the conduct of financial institutions

The Ministry of Business, Innovation and Employment (MBIE) released two discussion documents for public consultation on 21 April 2021 on the new…

22 April 2021

Regulation on remote identification methods to be used by banks and establishment of contractual relations in electronic environment

With Article 6 of the Law No. 7247, the second paragraph of Article 76 of the Banking Law has been amended, making it possible for banks to acquire…

16 April 2021

New SEC Chairman Gary Gensler: implications for digital assets and blockchain technology

On April 14, 2021, the Senate confirmed Gary Gensler to be the next Chairman of the Securities and Exchange Commission. Chairman Gensler assumes…

16 April 2021

Are nonfungible tokens subject to US anti-money laundering requirements?

Rapidly growing interest in nonfungible tokens (NFTs) has been fueled by recent headlines of multimillion-dollar transactions, such as the $69 million…

16 April 2021

BCBS issues two climate-related reports highlighting work remaining

On April 14, 2021, the Basel Committee on Banking Supervision (BCBS) issued two climate-related reports--Climate-related risk drivers and their…

15 April 2021

Brazil’s central bank set to incorporate social, environmental and climate factors into financial regulation

Following in the footsteps of other central banks around the world, and in face of the pressing need for an inclusive and sustainable economic…

15 April 2021

FINTRAC updates guidance on record keeping, client identification, beneficial ownership and correspondent banking

In March 2021, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updated its guidance on (1) record keeping, (2) client…

14 April 2021

UK Prudential Regulation Authority Clarifies Third-Party Risk Management Expectations

The UK Prudential Regulation Authority (PRA) published a policy statement (PS7/21) and a supervisory statement (SS2/21) on clarifying and modernizing…

12 April 2021

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