News

“The new normal”: Singapore addresses work-from-home risks

Last year’s shift to remote working in the covid-19 pandemic did not trigger “any significant increase in operational, fraud and cyber risks”, according to a new paper published by Singapore’s banking association and regulator, which outlines a range of new policies banks should adopt if the practice becomes “the new normal” post-pandemic.

03 March 2021

Introducing the “green asset ratio”: EU banks to face new ESG disclosure requirements

The European Banking Authority has proposed new rules requiring the EU’s largest banks to provide detailed disclosures of how much of their portfolios contribute to climate change.

02 March 2021

Treasury fintech review urges unified UK regulatory strategy

UK practitioners have welcomed proposals recommending a new regulatory framework for the fintech sector.

02 March 2021

Pérez Alati advising UBS on Argentine investment banking venture

UBS’s Brazilian joint venture will provide investment banking services in Argentina under a new agreement with a local bank, its first such deal since it was set up in October.

25 February 2021

EBA sets out supervisory cooperation plans

The European Banking Authority is consulting on new proposals for the cross-border regulation of investment banks, including the functioning of colleges of supervisors and rules for information exchange between regulators.

25 February 2021

Sullivan & Cromwell and Simpson Thacher advising on first Biden-era bank merger

New York-based M&T Bank has agreed to acquire People’s United in a US$7.6 billion deal – the first bank merger agreed since the Biden administration took office.

24 February 2021

Sanction banks standing in the way of PSD2 success, EBA says

The European Banking Authority has told national regulators to take supervisory measures against banks that fail to remove obstacles to open banking under the second Payments Services Directive.

24 February 2021

Cherry-picking, greenwashing, and inconsistency: Fed and IOSCO regulators call for formalised TCFD expectations

US Federal Reserve Board governor Lael Brainard has expressed her support for mandatory climate disclosures by banks to help measure and mitigate climate risk, while IOSCO’s Ashley Alder has called for greater standardisation and “more substantive uptake” of TCFD expectations.

22 February 2021

Nigerian regulators deny split on crypto policy

Nigeria’s securities regulator has put on hold its recently-unveiled plans for a new regulatory framework for crypto-assets, after the central bank published a blanket ban on their use.

22 February 2021

Former SEC chair returns to Sullivan & Cromwell

Former Securities & Exchange Commission chair Jay Clayton is returning to his old firm Sullivan & Cromwell.

19 February 2021

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