Region: International

The sustainability disclosures game – away from the ESG alphabet soup?

Global banks currently face an abundance of ESG disclosure regimes, but a select few are starting to emerge as the gold standard. GBRR heard from practitioners in the US, EU, Australia, Brazil and the UK about how banks can expect their disclosure regimes to evolve.

22 March 2023

FDIC invokes systemic risk exception for SVB and Signature depositors

The US Federal Deposit Insurance Corporation, along with other US regulators, took rapid measures to address the collapses of the Silicon Valley Bank and law firm favourite Signature Bank, with law firms including Sullivan & Cromwell, Clifford Chance, Ashurst and Slaughter and May acting for banks and regulators on both sides of the Atlantic.

13 March 2023

The "lemon" problem: SEC’s Uyeda calls for regulatory action on misinformation

Regulators need to do more to address information mismatches between investors trying to deploy capital and firms trying to raise it, SEC commissioner Mark Uyeda has told the Institute of International Bankers’ annual conference in Washington, DC, while calling for more cross-border collaboration to avoid legal ambiguity between different jurisdictions' capital markets frameworks.

08 March 2023

More regulatory convergence needed for cross border payments plan, FSB says

The Financial Stability Board has hinted at future initiatives that could ease regulatory barriers for non-bank payment service providers, as it sets out the key priorities in its roadmap for easier cross-border payments.

01 March 2023

Heads Up: with Mike Nonaka at Covington & Burling

“Understanding the law isn’t enough: you also have to understand what is driving policy.” The co-chair of Covington & Burling’s financial services group Mike Nonaka speaks with GBRR about AI, the fallout of FTX, the value of working across the financial ecosystem, and understanding what really matters to regulators.

23 February 2023

How to regulate big techs: Carstens

The Bank for International Settlements’ general manager Agustín Carstens has laid out his blueprint for direct oversight of big techs by financial regulators, saying traditional regulatory concepts are “not fit for purpose”.

10 February 2023

IOSCO revises commodity derivatives principles amid market volatility

The International Organization of Securities Commissions has revised its 12-year-old principles for commodity derivatives regulators, to cover unexpected disruptions from war, shifts in financial practices and the proliferation of new trading venues.

06 February 2023

ISDA launches standard definitions for crypto derivatives

The international derivatives industry body has rolled out a set of common documentations for crypto derivatives, as it seeks to address legal issues arising from the “Crypto Winter”, with Linklaters advising.

30 January 2023

The outlook for bank M&A in 2023

Norton Rose Fulbright partners Alan Bainbridge and Albert Weatherill argue that, even if 2023 won’t see the next big round of bank M&As, practitioners should expect a busy year nonetheless.

26 January 2023

CROs rank cybersecurity risks over climate and financial, IIF-EY survey finds

The IIF and EY’s latest survey of banks’ chief risk officers has seen over half name cybersecurity as their biggest concern for 2023 – but shows a marked drop in concerns over climate and financial risk.

12 January 2023

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