From Lexology

Biden Nominee for Federal Reserve Under Fire For Promoting Climate Change Regulations

Sarah Raskin, the Biden Administration's nominee to be the Federal Reserve's vice chair for supervision, has faced significant questioning by…

04 February 2022

Crowdfunding: Central Bank of Ireland announces new regulatory framework

The European Union (Crowdfunding) Regulations 2021 (the "Irish Regulations") came into force on 13 December 2021, giving effect to the EU Regulation…

03 February 2022

Individual accountability and the SMCR: a portent of success for the FCA's new Consumer Duty?

Similarities between the FCA’s introduction of the Senior Managers and Certification Regime, and current proposals for a consumer duty, may be a harbinger of success for the latter, writes Jenny Stainsby, the head of Herbert Smith Freehills’ global financial services regulatory practice.

12 January 2022

US Federal Reserve board releases more guidance on key banking regulations

On December 30, 2021, the Board of Governors of the Federal Reserve System (“Board”) published additional answers to frequently asked questions…

06 January 2022

Final Treasury regulations published on transition from IBORs to qualified rates

The Internal Revenue Service and the US Treasury Department have issued final regulations providing rules for taxpayers transitioning from interbank…

05 January 2022

EU: Commission delays Sustainable Finance Disclosure Regulation Regulatory Technical Standards implementation to 2023

The European Commission has sent a letter to the European Parliament and the Council of the EU announcing a delay to the date of application…

05 January 2022

Nigeria: AT-1 instruments under Basel III Framework and new CBN guidelines

Additional tier-1 instruments are capital-qualifying instruments that constitute part of a company's regulatory capital. The Central Bank of Nigeria (CBN), which is responsible for regulating banks and other financial institutions in Nigeria, recently issued a circular to notify deposit money banks of its decision to begin the implementation of the Basel III guidelines. The circular also forwarded a number of guidelines released by the CBN, including the Guidelines on Regulatory Capital dated March 2020.

14 December 2021

Bank of Thailand to update foreign exchange business regulations

On November 23, 2021, Thailand’s cabinet approved in principle the amended Ministerial Regulation No. 13 issued under the Exchange Control Act, B.E…

13 December 2021

India: the most googled cryptocurrency questions

The Crypto sphere and cryptocurrencies, in general, have seen a surge of interest recently, as India expected to share and deliberate on a bill for…

13 December 2021

Principals in the spotlight as UK’s FCA consults on changes to appointed representatives regime

The Appointed Representatives Regime (ARR), a well-known and important feature of the UK regulatory landscape, enables certain businesses - Appointed…

13 December 2021

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