News

“Slow the pace of growth”: IMF calls for regulatory parity for neobanks and decentralised finance to combat liquidity risks

The International Monetary Fund has warned about emerging risks and urged regulators to reinforce the rules regarding fintech development.

14 April 2022

SocGen sells Russian arm to oligarch-owned Interros

French bank Société Générale will sell its banking activities in Russia back to Interros, a holding company controlled by Russian billionaire Vladimir Potanin, the latest in a stream of international banks to exit the country.

14 April 2022

“Give order to the rules of the game”: Colombia unveils Latin America’s first government-led green taxonomy

Colombia’s government has become the first in Latin America to publish its own green taxonomy for the financial sector.

13 April 2022

EU bans high-value crypto services to Russians in latest sanctions round

The European Union has followed through on its promises to ban “high-value crypto-asset services” to Russians, as a part of its fifth package of sanctions following Russia’s invasion of Ukraine.

13 April 2022

GBRR Icons – call for nominations

Having identified 45 leaders of the future in our 45 under 45, GBRR’s next practice survey will focus on the other end of the ladder – the men and women who mentored the next generation, and who built banking regulation into the practice area it is today.

11 April 2022

"Tech neutral" but "risk aware": Yellen outlines thoughts on crypto regulation

US Treasury Secretary Janet Yellen has called for “tech-neutral” regulation in the cryptocurrency space that acknowledges the associated risks, as the Federal Deposit Insurance Corporation calls on US banks to notify it when engaging in crypto-related activities.

11 April 2022

Community round-up: Biden makes SEC nominations, NY Fed GC resigns

US president Joe Biden has nominated candidates to a Democratic and a Republican vacancy at the Securities & Exchange Commission, while the general counsel of the New York Federal Reserve has announced plans to step down.

11 April 2022

India’s HDFC to merge with subsidiary bank in US$60 billion deal

Spurred by heightened regulatory standards on non-banks, India’s largest bank is set to undertake a US$60 billion merger with its housing finance parent company, advised by Indian firms AZB, Argus Partners, Singhi & Co, and Wadia Ghandy & Co, along with international firm Cravath Swaine & Moore.

07 April 2022

EU banks set to disclose “adverse impacts” under new SFDR standards

The European Commission has become the latest body to address climate risk reporting at banks, less than a week after the ISSB issued its draft global standards for sustainability disclosures.

07 April 2022

Greensill litigation may take five years to conclude, says Credit Suisse

Credit Suisse has told shareholders that some investors may not be able to recover money lost in the Greensill collapse, and that litigation to recoup funds could take “around five years”.

06 April 2022

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