Credit Suisse ruling could clarify Finma monitorships

Swiss lawyers say an upcoming Supreme Court decision regarding the impartiality of a law firm, hired by regulator Finma to examine Credit Suisse’s spying scandal, will clarify conflict of interest rules in monitorships ordered by the agency.

10 June 2020

Swedish regulator tells banks to step up disaster planning

Sweden’s regulator FI has told banks to improve their continuity management strategy, suggesting they include it as an integral part of their risk strategy.

09 June 2020

No dividend payments until next year, ESRB says

The European Systemic Risk Board is advising regulators to hold off until 2021 before allowing dividend payments, share buy-backs or bonuses.

09 June 2020

Chinese regulator overhauls financial crime rules

China’s banking regulator has announced new guidelines for financial institutions to deal with financial crime, in a move that could see banks held accountable for lax reporting and employee misconduct.

05 June 2020

OCC canvasses fintech rule updates

The US Office of the Comptroller of the Currency has signalled its intention to update its rules on banks’ digital activities, a week after unexpectedly coming under the leadership of a comptroller with a background in the crypto world.

05 June 2020

Integrate climate risk into prudential supervision, regulators’ group urges

A network of 66 financial regulators and central banks has issued a “first of its kind” guide for supervisors on integrating climate risks into their prudential supervision frameworks.

03 June 2020

Hinduja loses Cayman banking licence

The Cayman Islands’ financial regulator has revoked Geneva-based Hinduja Bank’s banking licence for a string of anti-money laundering and governance lapses.

03 June 2020

New EBA loan origination rules tighten lending procedures

The European Banking Authority has announced more intensive creditworthiness tests in new loan origination guidelines set to take effect next year, in a bid to reduce banks’ non-performing exposures.

01 June 2020

Trilegal hires in Mumbai, Tanner De Witt promotes in Hong Kong

The head of Cyril Amarchand Mangaldas’ financial regulation practice Shruti Rajan, and partner Garima Joshi, are joining Indian firm Trilegal in its Mumbai office, while Hong Kong firm Tanner De Witt has promoted a new partner in its banking and finance department.

01 June 2020

Outsourcing and third-party risk management in a pandemic

Simmons & Simmons partners Rosali Pretorius, Hinal Patel, James Cotter and associate Rebecca Heller report on the firm’s recent virtual roundtable – which discussed a PRA consultation paper on outsourcing and third-party risk management, and lessons that can be learned from operating in the current much-altered conditions.

29 May 2020

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