News

Dutch central bank recruits ESMA chair

The Dutch government has hired the head of the European Union’s securities regulator to lead its banking supervision department.

25 March 2021

BaFin’s hire of FINMA head a “quantum leap” for German banking

Germany’s government has recruited the head of Switzerland’s financial markets authority to lead its own watchdog BaFin.

24 March 2021

US & Canada signal end of covid-era capital indulgence

US and Canadian regulators are rolling back pandemic-era capital measures, with a Canadian regulator resuming its Basel III implementation plans and the US Federal Reserve calling time on its go-easy approach to the supplementary leverage ratio.

23 March 2021

Australian regulator tightens bank licence requirements as neobanks exit

Australia’s prudential regulator has proposed tightening its banking licence regime to ensure “long term sustainability” from new entrants, as two challenger banks announce their exit from the country’s banking sector less than two years after gaining their permits.

23 March 2021

A&O’s Katz joins Ashurst

Ashurst has hired Allen & Overy’s Etay Katz as a partner in its London office.

18 March 2021

Bitcoin Suisse bank licence bid blocked over AML weaknesses

Switzerland’s banking regulator has told crypto broker Bitcoin Suisse its application for a banking licence is “ineligible for approval”, after it uncovered weaknesses in its money laundering defence mechanisms.

18 March 2021

Basel III monitoring to be mandatory in Europe

The European Banking Authority will force EU banks to participate in its Basel III monitoring exercises from December.

17 March 2021

ESMA taps French regulator for new director

Europe’s securities regulator has gone to France’s financial watchdog for its next executive director.

17 March 2021

Former OCC head Brooks joins blockchain startup

The United States’ former acting Comptroller of the Currency has joined the board of a blockchain credit startup, as the identity of his successor remains unknown.

17 March 2021

EBA proposes revamped stress tests for deposit guarantee schemes

Europe’s top banking regulator has announced changes its deposit guarantee scheme stress testing regime, after the first round of testing showed a lack of robustness.

15 March 2021

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