News

Quant CEO Gilbert Verdian offers his four top predictions for what 2023 will bring the world of DLT regulation.

15 December 2022

The torching of the UK’s regulatory rulebook to create a “Singapore-on-Thames”, foreseen by many as the future of the UK’s financial services regime following Brexit, has conspicuously failed to appear. Is there any more road left in the UK’s deregulatory journey?

14 December 2022

The UK’s financial regulator has fined UK lender Metro Bank and two of its former senior executives for breaching rules by knowingly publishing incorrect information to its investors.

14 December 2022

The European Commission has announced its plans to reduce the EU’s dependence on UK-based central counterparties, introducing a requirement that all market participants clear “at least a portion” of their derivative contracts at EU-based CCPs, while introducing plans to speed up the approval process for EU-based providers.

13 December 2022

As the world’s major financial centres push through reforms to their digital operational resilience frameworks in earnest, practitioners say the EU’s Digital Operational Resilience Act is set to be a “cornerstone” of the European regulatory framework with implications for financial firms and technology providers alike.

13 December 2022

Covington & Burling has hired Kaplan Hecker & Fink partner Valerie Hletko, a prudential and consumer financial enforcement specialist, for its financial services practice in Washington, DC.

13 December 2022

The UK government’s long-heralded financial services regulatory overhaul package includes tearing up the PRIIPS regime, a surprise review of the SMCR, and changes to rules on short-selling – but experts tell GBRR the reforms hardly live up to the hype as a “bonfire of regulation”.

12 December 2022

Credit Suisse has convinced an English judge to let it bring a claim against Japan’s SoftBank over its restructuring of a former Greensill client, which the Swiss bank alleges deprived it of receivables and left it holding unsecured notes for which a default was inevitable.

12 December 2022

The FCA has landed its highest fine of the year against Spanish bank Santander’s UK arm, over failures in its customer due diligence and transaction monitoring.

09 December 2022

This week’s NIBs include EBA advice for dealing with problem customers, the OCC’s expanded discretion over fines, an FCA warning over contracts for difference, and a legislative attempt to compel Fed transparency over master account access in the US.

09 December 2022