News

Cum-ex and other forms of dividend arbitrage – implications for financial institutions in the UK

RPC partners Adam Craggs and Michelle Sloane, and associate Alice Kemp, consider the recent convictions in the first criminal trial related to Cum-ex trades, and the ongoing impact for financial institutions in the UK.

29 June 2020

45 under 45 – have your say

GBRR is assembling a "45 under 45" survey of the next generation of banking regulation practitioners – and we want our readers’ views on who should feature in it.

29 June 2020

Basel Committee deviates from EBA on non-performing loan securitisation

The Basel Committee on Banking Supervision has proposed an amendment to the regulatory framework for securitisations of non-performing loans, deviating from the stance taken by the European Banking Authority last year.

26 June 2020

Chinese bank fined in Hong Kong over AML violations

Hong Kong’s Securities and Futures Commission has fined the local branch of Chinese investment bank Guotai Junan Securities for its handling of third party fund transfers, anti-money laundering breaches and wash trades.

26 June 2020

FCA to get new powers for Libor "tough legacy" contracts

The UK is set to pass new legislation granting its Financial Conduct Authority new powers to manage the transition away from the Libor benchmark – including specific rules for handling ‘tough legacy’ contracts.

24 June 2020

BaFin “rocked asleep” by Wirecard hype

German regulator BaFin is facing questions over its supervision of fintech company Wirecard, which announced on Monday that €1.9 billion had vanished from its balance sheet.

24 June 2020

New FCA chief executive named

London Stock Exchange chief executive Nikhil Rathi has been tapped to lead the UK’s Financial Conduct Authority.

22 June 2020

Federal Reserve adds coronavirus scenarios to stress tests

The US Federal Reserve will include a coronavirus-specific sensitivity analysis in its annual stress test, in what will determine whether banks can sanction shareholder pay-outs and share buybacks.

22 June 2020

Hong Kong regulator raps CICC for disclosure failings

Hong Kong’s securities watchdog has criticised Chinese investment bank CICC for failing to disclose information related to two transactions, with the bank introducing new compliance and reporting measures in response.

19 June 2020

Covid-19 pushing CBDC development “into top gear”

The covid-19 pandemic is accelerating central banks’ development of their own digital currencies, senior figures in the Bank for International Settlements and Bank of England have said– as their counterparts in Canada, South Korea and Thailand all announce their own moves in the space.

19 June 2020

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