News

Mayer Brown hires from White & Case

Mayer Brown has hired White & Case partner Francisco García-Naranjo González in its Mexico City office.

22 July 2021

AML gets a new face

The EU is set to get a new anti-money laundering authority, a single EU rulebook, and tightened oversight of cryptocurrency transactions as part of a package of wide-spreading proposals to reform the its AML controls.

21 July 2021

ECJ upholds “inherently opaque” SRB contribution order

The European Court of Justice has upheld a ruling that the EU’s resolution authority should recalculate a German bank’s contribution to the bloc’s resolution fund, after its original calculation method was labelled “inherently opaque”.

21 July 2021

Brown ally named to Treasury financial institutions unit

Joe Biden’s administration has nominated Graham Steele, a former aide of Senate banking committee chair Sherrod Brown, as assistant secretary for financial institutions at the US Treasury.

21 July 2021

ECJ upholds EBA product guidelines, overruling advocate-general

The European Court of Justice has ruled that the EU’s top banking regulator did not act beyond its powers by issuing guidelines on banking products, pushing aside an opinion from its advocate-general calling for them to be declared invalid.

19 July 2021

Community round-up: senior hires at FINMA and Bank of Canada

The secretary-general of the Basel Committee on Banking Supervision and the CEO of insurer Zurich are set to take senior roles at the Bank of Canada and Swiss regulator FINMA respectively.

19 July 2021

US regulators call on banks to scrutinise third party relationships

The United States’ banking regulators have proposed guidelines for banks to manage risks carried within third-party relationships by giving greater oversight to their “critical activities”, particularly where fintechs are involved.

19 July 2021

SEC officials rue missed opportunity for crypto clarity following Coinschedule fine

The US Securities and Exchange Commission has fined the operator of a former initial coin offering platform, prompting criticism from its two Republican commissioners that it has missed an opportunity to provide clarity over which digital assets count as securities.

15 July 2021

ECB embarks on digital euro investigation

The European Central Bank moved further in its digital currency plans, announcing a 24-month-long investigation into the new coinage as experimentation proves current options viable.

15 July 2021

If it walks like a bank…

In the last year, the banking sector has weathered the covid-19 crisis, but the demises of non-banks Archegos, Greensill and Wirecard have raised questions about the distinctions between bank and non-bank regulation. As fintechs continue to innovate, and alternative lenders offer an increasingly wide range of services, do regulators need to widen their perimeter?

14 July 2021

Get unlimited access to all Global Banking Regulation Review content