Region: Europe

“Those lawless days are coming to a close": EU commissioner speaks out on MiCA and digital euro

European Commissioner Mairead McGuinness has pledged an end to the "Wild West" of EU crypto regulation after the last year's volatility in crypto markets.

03 October 2022

Competitiveness objective won’t interfere with the main job, UK regulators insist

UK regulators’ new statutory objective of pushing the country’s international competitiveness won’t conflict with their primary objective of ensuring safety and soundness, Prudential Regulation Authority executive director Vicky Saporta has insisted, as she argued against “regulatory races to the bottom to win business”.

28 September 2022

Former City minister to keynote first-ever GBRR Live

The UK’s longest-serving City minister, John Glen MP, will be joining speakers from Linklaters, Allen & Overy, Mizuho, ING, Shearman & Sterling, Freshfields and Citi at the inaugural GBRR Live, to be held next month in London.

28 September 2022

What’s next for the SRM?

The European Union’s Single Resolution Mechanism should expand its focus beyond G-SIBs, the governor of the Bank of France has told the annual conference of the SRM’s institutional hub – but how exactly would that work?

26 September 2022

Minimising corporate risk under the UK’s Bribery Act 2010

Katten Muchin Rosenman regulatory partner Neil Robson advises on how to create a tailored and focused anti-bribery policy that’s more than just a box-ticking exercise.

22 September 2022

EU plans to exclude banks from emission trading based on “unsubstantiated” claims, industry groups say

A group of industry bodies have raised the alarm over recent proposals in the European Parliament for reforms that would limit participation in the EU’s carbon emissions trading market, saying they would harm companies risk management, market liquidity, and increase capital needs.

22 September 2022

Practitioners and BoE cautiously greet UK plans to axe bonus cap

The British government is reportedly looking to abolish limits on bankers’ bonuses, in what practitioners tell GBRR would be a “high-profile” departure from EU regulatory standards.

21 September 2022

Meet the regulator: José Manuel Campa, chair of the European Banking Authority

In the first of GBRR’s series of regulator interviews, we spoke with European Banking Authority chair José Manuel Campa about the changing regulatory landscape, the challenges of an ever more integrated financial system, and a holistic approach to regulation.

20 September 2022

A “philosophical shift” in UK regulation? Financial services in the Truss-Kwarteng era

The United Kingdom now has a new prime minister and chancellor – not to mention a new king – but practitioners tell GBRR a planned merger of the UK’s regulators reportedly sought by the new government risks “muddying the distinction” in their mandates.

12 September 2022

“A more British style of regulation”: PRA wades into regulatory remit debate with new rulemaking approach

The UK’s Prudential Regulation Authority has said it will take on “wider rulemaking responsibilities” and take advantage of post-Brexit freedoms, amid political shifts over the proper mandate for regulators in the UK.

08 September 2022

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