Banking associations from Japan, the United States and Switzerland have criticised post-Brexit proposals by the European Banking Authority to centralise equivalence assessments for non-EU banks’ local branches within the bloc.
22 September 2021
A report prepared for a regulator’s investigation of alleged market manipulation in aid of the 2017 blockade against Qatar does not have litigation privilege, an English court has ruled, granting a disclosure request from the state in its ongoing dispute with Luxembourg’s Banque Havilland.
19 August 2021
The Prudential Regulation Authority has made changes to proposed regulations for international banks operating in the UK after consultation feedback urged against burdensome information requirements.
28 July 2021
UK regulation should display greater “openness” to overseas firms, while its overseas persons exclusion should be “rationalised and simplified”, according to a new report published by Hogan Lovells and the City of London.
12 July 2021
The European Banking Authority has finalised its standards for supervisory colleges to coordinate national regulators’ supervision of investment firms operating within multiple EU member states.
07 July 2021
A government taskforce formed to revamp UK regulation post-Brexit has recommended dumping EU rules for a less prescriptive common law approach – including a more aggressive transition to open banking, a hybrid CBDC and a “graduated” capital requirements regime for challenger banks.
21 June 2021
Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.
14 June 2021
Stablecoins must be heavily regulated – including potentially authorised as banks – the Bank of England has recommended, as it continues to explore potential for central bank digital currencies.
09 June 2021
Japanese and US banking industry bodies have warned that ambitious EU moves towards sustainability disclosures – including a newly-finalised taxonomy and new standards for Pillar 3 disclosures – risk creating a fragmented global framework and “exporting” its model to non-EU institutions.
07 June 2021
The Bank of England has recognised the bail-in of Privatbank, Ukraine’s largest commercial bank.
17 May 2021
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