News

US exchange Kraken gets inaugural ADGM crypto licence

US crypto exchange Kraken has become the first global crypto exchange to obtain a financial services licence in Abu Dhabi’s financial free zone.

26 April 2022

ING Bank hires from White & Case

Dutch bank ING has appointed White & Case partner Julia Smithers Excell as its new head of financial markets legal in London.

26 April 2022

Fed master account proposals draw industry backlash

The Federal Reserve’s proposal to allow fintechs access to central bank accounts has prompted six US banking bodies to express constitutionality concerns, calling on the regulator to reconsider its plans.

25 April 2022

FCA raises alarm over challenger banks’ customer onboarding

The UK’s Financial Conduct Authority has raised concerns over weaknesses in challenger banks’ check-ups when they are onboarding new customers.

25 April 2022

FCA delivers revised diversity proposals

Saying they will speed up the “pace of change”, the UK’s Financial Conduct Authority has revised its plans for firms to disclose their diversity figures, allowing firms to gather diversity data by their own chosen means.

22 April 2022

Commodities, cyber and climate: Global regulators warn of Russian invasion’s catalysing effects to existing risks

Regulators in the EU, Canada and the Financial Stability Board have all warned that Russia’s invasion of Ukraine war is exacerbating existing commodity market, environmental, and cyber security risks.

22 April 2022

Biden’s pick for Fed supervisor: how will industry react?

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

CFTC lists first crypto swap dealer

The United States’ derivatives trading regulator has registered its first cryptocurrency swap dealer, with Sullivan & Cromwell advising.

20 April 2022

Better together? The future of US bank mergers

The bank merger framework in the United States is under the microscope for the first time in years, after President Biden announced an executive order that could have a lasting effect on how banks conduct business. But what would overhauling the merger framework actually look like?

19 April 2022

Recent US banking mergers: a survey

GBRR looks at the last three years of mergers that have produced banks with over US$100 billion in total assets – and the law firms which acted on them.

19 April 2022

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