Region: Europe

Community roundup: Linklaters names global banking heads; Davis Polk hires OCC alum in DC

Linklaters has named Madrid- and London-based partners to head its banking practice, while Davis Polk & Wardwell has hired from Buckley in Washington, DC.

18 January 2021

Crédit Agricole sells Romanian unit, with Clifford Chance advising

Clifford Chance is advising Crédit Agricole as it sells its Romanian business to Greek-owned bank Vista.

13 January 2021

New year, new promotions

Morrison & Foerster, Allen & Gledhill and Hogan Lovells have all included banking regulation practitioners in their new year promotions rounds.

11 January 2021

Brexit “done”, but equivalence remains to be seen

The UK has completed its transition out of the European Union after agreeing a deal that excludes financial services – but it faces a challenge persuading the EU that equivalence doesn’t require “line by line” similarity with EU standards.

05 January 2021

Regulators dial back dividend and buyback restrictions

US, UK and Australian regulators are dialling back calls for dividend and buyback restrictions issued at the outset of the covid-19 pandemic – while the European Central Bank has revised its outright suspension even as it encourages banks to continue forgoing distributions until September.

21 December 2020

Cadwalader and Sidley announce 2021 promotions in US and UK

2021 will see newly-promoted banking regulation partners at Cadwalader Wickersham & Taft and Sidley Austin, which have both made appointments in the United States and United Kingdom.

18 December 2020

EU opens CSDR buy-in regime to the floor

The European Commission has opened the door to amending its central securities depository regulation (CSDR), following industry criticisms over a controversial rule implementing mandatory buy-ins and cash penalties for settlement failures.

09 December 2020

Prudential roundup: Australia proposes capital adequacy updates

Australia’s prudential regulator has proposed changes to its capital adequacy framework as part of its delayed Basel III implementation, while its British counterpart has pressed ahead with plans for simplified recovery plan obligations for some banks, despite predictions they promise firms only “limited” cost savings.

09 December 2020

White & Case promotes in Frankfurt; Davis Polk in New York and Hong Kong

White & Case and Davis Polk & Wardwell have both named new counsel practising in banking regulation.

07 December 2020

Libor administrator proposes extending US dollar transition to 2023

The administrator of the London Interbank Offered Rate has proposed extending the transition date for its most widely-used US dollar tenors for another 18 months to June 2023, offering a “longer runway” for banks as they make the transition.

03 December 2020

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