News

EBA invites submissions to re-evaluate banks’ reporting compliance costs

The European Banking Authority has invited banks and regulators to chime in as it prepares to make recommendations on reducing the costs of complying with supervisory reporting obligations.

27 July 2020

Dubai to sync large exposures regime with Basel

Dubai’s financial services regulator has announced a brace of new proposals aimed at syncing its large exposures regime with international standards.

27 July 2020

José Eduardo Carneiro Queiroz: 1970 - 2020

José Eduardo Carneiro Queiroz, managing partner of top-tier Brazilian firm Mattos Filho, and considered one of the country’s sharpest minds in the banking and capital markets fields, has died unexpectedly aged 49.

24 July 2020

A “map that gets you up the mountain”: PRA simplifies rules for new banking entrants

The UK’s Prudential Regulation Authority has introduced a set of new proposals to simplify regulatory requirements for new entrants to the banking market.

24 July 2020

Pinheiro Neto advising WhatsApp on payments revival attempt in Brazil

WhatsApp is attempting to re-launch its payment platform in Brazil after being suspended within a week of its debut last month, as the central bank’s director says modifying existing regulations was the only way it could permit the service in its original form.

22 July 2020

Singapore’s MAS seeks expanded powers

The Monetary Authority of Singapore has issued a proposal seeking new powers to regulate crypto-asset providers and cybersecurity risks, and to expand its ability to issue prohibition orders.

22 July 2020

ESMA to scrutinise BaFin Wirecard response

The European Securities and Markets Authority has launched a probe into German regulator BaFin’s financial reporting system in the wake of payment company Wirecard’s collapse.

20 July 2020

Community round-up: New central bank chief in Ukraine; board changes at BoE and DFSA; Schellenberg Wittmer hire academic

Ukraine’s central bank has appointed a new governor after its previous head resigned over “systematic political pressure”; regulators in the UK and Dubai have announced board changes; and Swiss firm Schellenberg Wittmer has hired an of counsel in Geneva.

20 July 2020

“You don’t need to wait”: Regulators urge banks to get out in front on climate transition

Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.

16 July 2020

Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica

Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer.

16 July 2020

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