From Lexology

Ireland: Central bank expected to confirm “Fast-Track” filing process for sustainability disclosures

In our recent briefing “Central Bank issues “Dear CEO” letter on supervisory expectations - key points for asset managers”, we highlighted the…

12 November 2021

OCC calls for regulation of crypto banking

On November 3, Acting Comptroller of the Currency, Michael J. Hsu, remarked at the American Fintech Council’s Fintech Policy Summit 2021 about the…

09 November 2021

Turkey publishes draft regulation on digital banking and BaaS

The Turkish Banking Regulatory and Supervisory Authority (BRSA) recently published the Draft Regulation on Operating Principles of Digital Banks and…

08 November 2021

Indonesia: OJK embraces digital banking with new regulations

From 30 October 2021, digital banks in Indonesia will be regulated under two new regulations issued by the OJK, Indonesia's Financial Services…

05 November 2021

LIBOR Transition: Borrower Tax Consequences and Proposed Regulations

The London Interbank Offered Rate (LIBOR), one of the pillars of modern finance, will be phased out after the end of 2021. As of January 1, 2022, no…

04 November 2021

PWG releases stablecoin report and recommendations

On November 1, the U.S. Treasury Department announced that the President’s Working Group on Financial Markets (PWG), with the FDIC and the OCC…

03 November 2021

Israeli banks can now pledge their assets more freely

For many years, Israeli banks have been subject, under the directives issued by the Bank of Israel, to specific restrictions on their ability to create pledges over their assets. However, under a new directive published by the Bank of Israel, such quantitative restriction will be cancelled. Instead, Israeli banks are required to determine a proper policy for pledging their assets and to adopt proper checks, balances and monitoring mechanisms in connection therewith.

02 November 2021

Climate change and corporate credit: emerging trends in sustainable-impact lending practices

Environmental, social and governance (ESG) factors have…

01 November 2021

UK regulators call on financial industry to meet the climate change challenge

With COP26 around the corner, the UK financial regulators have set out the actions that they, and the financial sector, are taking in response to…

29 October 2021

Buy now regulate later

With HMT launching its much-anticipated consultation on regulating buy-now-pay-later (“BNPL”), it is an opportune moment to take stock of where we are…

27 October 2021

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