From Lexology

Switching to SOFR: Proposed Rule Published to Implement the 2022 Federal LIBOR Act

On 19 July 2022, the Federal Reserve Board (the “Board”) published a notice of proposed rulemaking - Regulation Implementing the Adjustable Interest…

02 August 2022

Has the FCA made individual responsibility in banking a reality?

Statistics recently obtained by Herbert Smith Freehills call into question whether the Senior Managers Regime has been effective in allowing UK regulators to pursue enforcement against senior individuals in financial services, writes Jenny Stainsby, the global head of the firm’s financial services regulatory practice.

06 July 2022

How can firms best implement Digital Regulatory Reporting?

Leo Labeis, CEO of RegTech provider REGnosys, argues the adoption of digital regulatory reporting should lead firms to adopt a more strategic approach to their data management.

06 May 2022

Nicaragua - New regulations for providers of financial services of payment services and virtual assets

By means of Resolution CD-BCN-XXV-1-22 published in The Gazette, Official Diary No. 76 last Wednesday, April twenty-seventh, two thousand twenty-two…

06 May 2022

California governor orders state to create blockchain regulatory framework

On May 4, the California governor issued an Executive Order calling on the state to create a transparent and consistent framework for companies…

06 May 2022

UK Recognizes NFTs & Dubai Starts Licensing in the Metaverse

Over the past few months, the development of the new digital age (dubbed “Web 3.0”) has hit a steep incline with numerous industries shifting their…

04 May 2022

Rising Regulation of Fintech Innovation — Implications for PE Investments

As the fast-growing fintech industry thrives, the sector has begun to attract greater regulatory scrutiny. We expect new legal and regulatory focus…

04 May 2022

The future of the UK bank capital regime: is one buffer truly enough?

In a well-publicised speech on 26 April 2022, Sam Woods, the CEO of the UK Prudential Regulation Authority, argued for a radical and far simpler…

03 May 2022

UK to Regulate Fiat-Linked Stablecoins

On April 4, 2022, the UK government published its response to its consultation on the UK regulatory approach to cryptoassets, stablecoins, and…

26 April 2022

EBA Publishes Final Draft Risk Retention RTS

The European Banking Authority (“EBA”) on 12 April 2022 published the final draft technical standards on the risk retention requirements for…

21 April 2022

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