From Lexology

On 30 January 2023, the Treasury Sub-Committee on Financial Services Regulations published a letter from Nikhil Rathi (CEO of the FCA). This letter…

02 February 2023

On 1 February 2023, the U.K. Treasury launched a consultation and call for evidence on a series of proposals for the future financial services…

02 February 2023

The Federal Reserve Board (“FRB” or “Board”) issued two seemingly related press releases late last week. The first announced the denial of the…

02 February 2023

On January 11, 2023, the Canadian Alternative Reference Rate Working Group ("CARR") announced that both a 1- and 3-month Term CORRA benchmark are…

30 January 2023

Unlike deposits, securities deposited with a bank are segregated in the event of the bank's bankruptcy. Securities are therefore not…

30 January 2023

On December 20, 2022, the New York Department of Financial Services (“NYDFS”) requested comment on how it applies the presumptions of control in New…

27 January 2023

On 21 January 2023, the Italian Ministry of Economics published on the Official Gazette a regulation setting out the requirements to obtain the…

27 January 2023

On January 15, 2023, South Korea’s Financial Supervisory Service (“FSS”) issued new guidelines (the “Guidelines”) (Korean language only) to enhance…

27 January 2023

Technology and data have proved to be the key drivers in enhancing financial inclusion, competition, and customer experiences within the financial…

27 January 2023

On January 13, 2023, the Internal Revenue Service (IRS) Office of Chief Counsel published Memorandum 202302011 titled “[a]pplicability of I.R.C…

23 January 2023