News

New EU rules integrating ESG into MiFID II requirements have come into force, despite warnings from industry that the data needed for effective compliance is still not available.

08 August 2022

A bipartisan group from the US senate agriculture committee has proposed granting the Commodity Futures Trading Commission oversight over Bitcoin, Ether and other cryptos defined as digital commodities.

08 August 2022

The Bank for International Settlements and the International Organization of Securities Commissions are looking into central counterparty (CCP) practices to address non-default losses, saying the sophistication of their approaches “varies significantly”.

04 August 2022

Industry bodies have complained the Financial Action Task Force’s plans to tighten rules around beneficial ownership of trusts are too “truncated” to properly tackle the matter.

04 August 2022

King & Spalding has hired Matthew Biben, co-chair of Gibson Dunn & Crutcher’s financial institutions practice, as a partner in its New York office.

04 August 2022

The International Sustainability Standards Board has received responses from across the globe on its proposed sustainability standards, with several industry figures saying they lack specificity and clarity.

03 August 2022

China has enacted its first “fundamental” futures and derivatives statute, making it a clean netting jurisdiction for the first time – but there are fears its new status could run its firms up against a rapidly-approaching global deadline.

03 August 2022

As financial regulators move to expand their climate oversight of financial institutions, views on how far that supervision can go, and regulators' ability to directly regulate banks' carbon-intensive activities, are beginning to diverge between jurisdictions. GBRR asked practitioners and academics in the US, UK, European Union, Japan and Singapore to discuss whether and how regulators should get a handle on climate change.

01 August 2022

The US Federal Reserve have ordered crypto brokerage Voyager Digital to stop telling customers their deposits are protected from losses, prompting the Federal Deposit Insurance Corporation to urge banks to do more to ensure the reach of deposit insurance is not misrepresented.

01 August 2022

The head of Singapore’s regulator has pledged to focus on “greening the economy” while announcing tightened-up disclosure requirements to prevent greenwashing.

01 August 2022