News

The Hong Kong Monetary Authority has joined the chorus of global regulators and central banks proposing to regulate stablecoin issuers like banks, a movement analysts have called an “extremely high bar” for the assets to meet.

14 January 2022

The US Securities and Exchange Commission has revived a proposed rule to stamp out fraud and manipulation in the security-based swaps market, over a decade after abandoning it in the face of industry pushback.

14 January 2022

The US’ securities regulator has proposed new rules to increase transparency in the security-based swap market, but one commissioner has warned the rules are “disproportionate” and may “squelch legitimate market activity”.

12 January 2022

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

Linklaters’ former firmwide managing partner Gideon Moore has joined Natwest as its general counsel.

12 January 2022

Israel’s banking sector has welcomed a new entrant for the first time in over 40 years, with digital bank One Zero winning a full licence from the country’s central bank.

10 January 2022

Linklaters has rehired the former head of its Asian financial regulation practice from Latham & Watkins, as a partner in its Hong Kong office, as several firms across the UK, Europe and United States see in the new year by recruiting new personnel.

10 January 2022

In a rare move, a Singapore court has cleared the use of bank statements as evidence, in ongoing overseas legal proceedings relating to the collapse of the defunct German payment processor Wirecard.

06 January 2022

The Philippines’ largest foreign bank, US-based Citi, will sell its consumer branch to UnionBank for a US$908 million premium, marking part of its exit from consumer franchises in 13 markets across Asia and the EMEA.

06 January 2022

The chair of the United States’ Federal Deposit Insurance Corporation has resigned, in a move that will hand Democratic members control of the agency just weeks after a partisan spat broke out over bank merger reform.

05 January 2022