News
A crack of light into the FCA’s cum-ex approach
Corker Binning partners David Corker and Claire Cross discuss a busy year in relation to the fallout from the cum-ex trading scandal, as a new case sheds light onto the Financial Conduct Authority's "leisurely" approach to commencing regulatory hostilities.
15 March 2021
US Fed in a bind over “inexcusable” capital requirement relief
The United States’ congressional committees covering financial services have urged the Federal Reserve to defy calls to extend temporary capital requirements relief it extended at the outset of the covid-19 pandemic.
11 March 2021
Jones Day hires from Goldman Sachs
A Goldman Sachs senior counsel is joining Jones Day in its New York office.
11 March 2021
ESMA “dancing around the issue” with post-Wirecard transparency proposals
The European securities watchdog is “dancing around the issues” in its new proposals to overhaul the EU Transparency Directive in order to avoid advocating for the expansion of its own mandate, an economist has said.
09 March 2021
FCA and MAS name women to senior leadership roles
The UK’s Financial Conduct Authority will have a majority-female executive committee after making four new senior appointments, while Singapore’s regulator has announced its new head of financial supervision.
09 March 2021
FATF seeks tougher checks on WMD proliferation financing
The Financial Action Task Force has proposed tightening banks’ risk indicators for financing the proliferation of weapons of mass destruction, a week after it announced Pakistan would remain on its “greylist” for persistent terrorist financing issues.
08 March 2021
New Philippine digital bank framework prompts South African entrant
A South African fintech advised by Ashurst may become the first financial institution to be licensed under the Philippines’ new digital banking framework after it was enacted in November.
08 March 2021
FCA pulls the Libor trigger
The UK’s Financial Conduct Authority has made its widely-anticipated announcement of Libor’s cessation dates, while keeping open the prospect of a temporary “synthetic” Libor for so-called “tough legacy” contracts.
05 March 2021
BaFin suspends Greensill operations in Germany
Germany’s financial regulator BaFin has frozen supply chain finance bank Greensill’s operations in the country and filed a criminal complaint, days after an Australian court rejected the parent company’s injunction demand to renew insurance coverage for its multi-billion dollar lending operation.
05 March 2021
Greece’s Alpha Bank offloads €10.8 billion NPL portfolio, with White & Case advising
Greece’s second-largest bank, Alpha Bank, has agreed the sale of a €10.8 billion portfolio of non-performing loans to US private equity fund Davidson Kempner, following a governmental push to reduce the country’s NPL pile.
03 March 2021
Get unlimited access to all Global Banking Regulation Review content