From Lexology

CFPB finalizes LIBOR transition rule

On December 7, the CFPB issued a final rule facilitating the transition from LIBOR for consumer financial products. The final rule amends Regulation…

10 December 2021

FDIC refutes CFPB’s bank merger policy announcement

On December 9, the FDIC issued a statement refuting a request for review of bank merger policies announced in a CFPB blog post. According to a joint…

10 December 2021

First CFPB "Supervisory Highlights" issued under Director Chopra cites “Wide-Ranging Violations of Law”

Earlier this week, the Consumer Financial Protection Bureau released the Fall 2021 edition of its Supervisory Highlights (“Supervisory Highlights” or…

10 December 2021

New EU sustainability-related disclosure obligations for investment managers

Following the entry into force of sustainability-related disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR) on 10 March…

09 December 2021

CFPB issues final rule addressing LIBOR transition

On 7 December 2021, the Consumer Financial Protection Bureau (“CFPB”) issued a Final Rule to facilitate LIBOR transition, via amendments to Regulation…

08 December 2021

ISRAEL: Draft Regulations for the Supervision of Financial Services published for public comments

Draft Regulations for the Supervision of Financial Services (Regulated Financial Services) (Exemption from the licensing obligation) 2021, published…

05 December 2021

US stablecoin regulation: bringing stablecoins into regulatory fold

The President's Working Group on Financial Markets, joined by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, recently released a report on "stablecoins", which it defines as "digital assets that are designed to maintain a stable value relative to a national currency or other reference assets". This article provides an overview of the report's assertions on stablecoin risks, its recommendations and their related implications for the stablecoin marketplace.

23 November 2021

Cryptocurrency and blockchain regulation in Lao PDR

The rise of cryptocurrency has placed the decentralised system of finance in the spotlight with the recent record high in the price of Bitcoin…

15 November 2021

Initial climate change risk management expectations issued by US OCC

On November 8, 2021, the acting head of the Office of the Comptroller of the Currency (“OCC”), Michael J. Hsu, issued a call to action on climate…

12 November 2021

Non-fungible tokens: To Deal or Not To Deal

In the present day and age, digital investments and digital assets have become the new trend, as it has enabled one to sit comfortably at home and…

12 November 2021

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