News

45 under 45 – call for nominations

GBRR is assembling a “45 under 45” survey, and inviting nominations from our readers.

27 March 2020

Basel crypto-asset proposals criticised as “effectively prohibitive”

Respondents to the Basel Committee’s consultation on the prudential treatment of crypto-assets have warned that its draft proposals risk pushing banks out of the market altogether.

27 March 2020

“Teammates”: US banks receptive to Covid-19 measures as CECL implementation delayed

Practitioners say US banks are responding positively to measures taken to resuscitate the economy following the coronavirus outbreak, as the US Senate postponed the implementation of a controversial new accounting standard as part of its US$2.2 trillion stimulus package.

27 March 2020

“Purposeful” culture: the FCA approach and driving diversity

The UK’s Financial Conduct Authority recently called on firms to develop a “purposeful” culture. But what does “purpose” mean for financial institutions?

27 March 2020

The rainy day is here: regulators delay reforms and dial down capital buffers amid Covid-19

Regulators around the world are delaying long-planned reforms, cancelling stress tests and reducing or eliminating capital buffer requirements as financial institutions grapple with the economic impact of the Covid-19 outbreak.

20 March 2020

South Africa banking reforms need refinement, FSB says

South Africa’s reforms of bank resolution and deposit insurance show the country is making headway, but it must add further details to ensure successful implementation, the Financial Stability Board has said.

20 March 2020

OCC hires COO

The US Office of the Comptroller of the Currency has hired its new chief operating officer from crypto exchange Coinbase.

19 March 2020

Global regulators announce coronavirus measures

Regulators across the world are easing capital restrictions in response to the COVID-19 pandemic – with the Bank of England warning UK banks not to use freed-up cash for bumping up bonuses and dividends.

13 March 2020

Australia’s ASIC introduces new licensing regime for foreign banks

The Australian Securities and Investments Commission (ASIC) will introduce a new licensing regime for foreign financial services providers as part of a new regulatory framework, despite opposition from stakeholders.

13 March 2020

Two Birds hires co-head from Italy’s Consob

Giuseppe D’Agostino, former deputy general manager at the Italian Financial Services Authority (Consob), has joined Bird & Bird as co-head of its financial regulation practice.

13 March 2020

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