News

BoE clarifies settlement finality requirements for FMIs

The Bank of England has set out its approach to monitoring third-country systems designated under the UK’s Settlement Finality Regulations.

17 September 2021

Jones Day hires from JPMorgan Chase, Reed Smith hires from Jones Day

Jones Day has hired an in-house fintech specialist at JPMorgan Chase for its New York financial markets practice, as Washington, DC partner Lisa Ledbetter departs for Reed Smith.

17 September 2021

Tighten up ESG-linked derivatives to avoid greenwashing, ISDA urges

Trade organisation ISDA has called for reform in the ESG-friendly investment sector, calling on market participants to adopt quantitative key performance indicators to verify that sustainability-linked derivatives meet their stated goals.

15 September 2021

Biden moves to fill CFTC vacancies

The Biden administration has tapped the Commodity Futures Trading Commission’s acting chair Rostin Behnam to fill the role on a permanent basis, and nominated replacements for two of the Commission’s three vacancies.

15 September 2021

FINMA approves first digital securities depository

Zurich-based FMI operator Six, advised by Heuking Kühn Lüer Wojtek, has obtained the first-ever Swiss licence for a central securities depository to use distributed ledger technology to support digital currencies.

13 September 2021

Bank of America names in-houser as GC

Lauren Mogensen, Bank of America’s global compliance and operational risk executive, is set to succeed David Leitch as the bank’s general counsel later this year.

13 September 2021

“Diluting the framework”: EU divided over Basel implementation

Over two dozen of Europe’s national regulators and central banks have warned the European Commission against introducing any EU-specific deviations from the Basel III framework.

09 September 2021

OCC to reverse Trump-era CRA ruling

The US Office of the Comptroller of the Currency has proposed abolishing last year’s contentious reforms to implementation of the Community Reinvestment Act, bringing a pending lawsuit against the rulemaking to a pause.

09 September 2021

Simmons & Simmons hires from Hogan Lovells in London

Payments regulatory practitioner Oliver Irons is set to join Simmons & Simmons as a partner in its London office.

09 September 2021

Binance’s regulatory woes continue with Singapore warning

Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn certain services in Singapore, whose monetary authority has become the latest financial regulator to warn it about operating without a licence.

08 September 2021

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