News

Cadwalader’s Cammarn departs for Maine firm Pierce Atwood

The former co-chair of Cadwalader Wickersham & Taft’s financial services department has departed for New England firm Pierce Atwood.

09 May 2022

EBA proposals take aim at “unharmonised” non-bank lending

The European Banking Authority has called for non-banks to be subject to consolidation and reporting frameworks, in a bid to improve oversight of “largely unharmonised” non-bank lending across the bloc.

06 May 2022

How can firms best implement Digital Regulatory Reporting?

Leo Labeis, CEO of RegTech provider REGnosys, argues the adoption of digital regulatory reporting should lead firms to adopt a more strategic approach to their data management.

06 May 2022

France to host Binance Europe

Binance, labelled by the UK’s Financial Conduct Authority as “not capable” of being effectively supervised, will settle its European operations in Paris after securing approval from France’s Financial Markets Authority.

05 May 2022

SEC nearly doubles crypto enforcement unit

The US securities regulator is set to turn its cyber unit into a newly reinforced crypto and cyber unit, as the CFTC, CFPB, OCC and FDIC all make overtures to regulating the space.

05 May 2022

“A matter of priority”: operational resilience among banks still lagging, PRA’s Bailey says

A senior figure at the UK’s prudential regulator has warned that its banks still have a “distance to travel” to reach the required level of operational resilience, a month after ushering in its new rules.

03 May 2022

FSB urges expanded toolbox for addressing systemic climate risks

The Financial Stability Board has released its latest stock-take of regulatory efforts on the climate front – suggesting expanded use of scenario analysis and stress testing, more granular climate reporting requirements, and greater use of macroprudential tools by national regulators.

03 May 2022

Gensler calls on FINRA to improve market transparency

The US Securities and Exchange Commission chair Gary Gensler has called on the country’s financial industry self-regulation body to enhance bond market transparency by shortening trade report times and publicising Treasury transactions.

29 April 2022

Canada cements regulation of crowdfunding and payments platforms

Canada’s payment service providers and crowdfunding platforms will now permanently fall under the purview of its anti-money laundering agency, months after the change came in as a temporary emergency measure amid the Ottawa blockade.

29 April 2022

Major US banks reject “first of their kind” shareholder climate resolutions

Shareholders at Bank of America, Citigroup and Wells Fargo have refused to back to climate proposals from activist investors requiring them to implement stricter fossil fuel financing policies.

27 April 2022

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