Australian regulators have announced a relaxation on dividend restrictions imposed at the beginning of the covid-19 crisis – while their European counterparts have extended them until next year, and Singaporean regulators have called on banks to cap dividends for the first time.
29 July 2020
The European Banking Authority has invited banks and regulators to chime in as it prepares to make recommendations on reducing the costs of complying with supervisory reporting obligations.
27 July 2020
A G20 report says the benefits to cross-border payments from technological advances will be limited if states don’t coordinate their regulatory frameworks as well.
14 July 2020
François-Louis Michaud has been approved as the European Banking Authority’s new executive director in spite of a parliamentary committee’s objections; a Liechtenstein-based bank has hired the country’s top banking regulatory official; and a senior Russian regulator is joining the Bank for International Settlements.
14 July 2020
European lawmakers have rejected the candidate nominated by the EBA for its executive director role – marking the second time they have done so due to concerns over gender inequality in top banking positions.
06 July 2020
The European Commission is taking Austria, Belgium and the Netherlands to court over allegations they failed to properly implement the fourth anti-money laundering directive – as the Basel Committee introduces cooperation provisions to its AML/CFT guidelines.
06 July 2020
Clifford Chance’s local partner is advising Saudi Arabia’s biggest bank in a merger predicted to spur others in the region – as the European Central Bank announces plans to lower the bar for EU bank mergers.
03 July 2020
The European Banking Authority has put forward proposals to clarify when regulators should use early intervention measures, after finding that half of all competent authorities surveyed have not applied them when required.
29 June 2020
The Basel Committee on Banking Supervision has proposed an amendment to the regulatory framework for securitisations of non-performing loans, deviating from the stance taken by the European Banking Authority last year.
26 June 2020
The European Commission has told lawmakers it found no conflicts of interest in selecting asset manager BlackRock to advise on incorporating environmental and social factors into European banking regulations.
12 June 2020
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