News

The “vast majority” of EU banks are not carrying out necessary climate analysis and should be legally required to adopt climate transition plans, according to a European Central Bank board member.

20 October 2021

Germany’s regulator has intervened to slow the growth of digital bank N26, imposing a cap on new customers, as counsel from Osborne Clarke, White & Case and Freshfields advise on a funding round positioning it as the highest-valued fintech in the German market.

20 October 2021

With the UK and EU issuing new AML/CTF packages within days of one another over the summer, Anna Bradshaw, partner at Peters & Peters in London, warns banks to prepare for ever more complexity.

18 October 2021

Crypto platform Coinbase has called for a new US regulator to oversee cryptoassets, weeks after withdrawing a planned crypto lending platform in the face of threatened litigation from the SEC.

18 October 2021

Charles Randell, chair of the UK’s Financial Conduct Authority and Payment Systems Regulator, has announced an early departure from both regulators, while the European Securities and Markets Authority has named executive director Verena Ross as its new chair.

18 October 2021

Sullivan & Cromwell and Wachtell Lipton Rosen & Katz are advising on the latest significant banking merger in the US market, with Pacific Northwest entities Columbia State and Umpqua set to combine.

14 October 2021

The United States’ brokerage regulator has announced a sweep of special-purpose acquisition companies, asking firms to detail conflicts of interest as more regulators begin to closer scrutinise the blank-cheque arena.

13 October 2021

“There’s an open question of what is the right structural model for regulation and policymaking in the UK.” In the second of GBRR’s two-part interview with Allen & Overy’s UK head of financial regulation Damian Carolan, we discuss distributed ledger technology, Brexit, ESG, and the drivers of regulatory divergence around the world.

13 October 2021

The US Federal Reserve has said that Randal Quarles will not continue in his role as head of its banking regulation committee, which is set to continue “unchaired” for now.

13 October 2021

Alabama-based Regions Bank has agreed to purchase financial services firm Sabal Capital Partners, as it aims to increase its presence in the commercial mortgage-backed securities loan market.

11 October 2021