Region: Latin America & Caribbean

Freed of direct control, Brazilian regulator announces “granular” climate stress tests

Brazil’s newly autonomous central bank has moved to make it mandatory for banks to incorporate climate change-related scenarios into their stress testing from next year.

20 September 2021

South Korea to establish independent crypto supervisor

South Korea is set to form a cryptocurrency supervising body, as Brazil’s central bank announces plans for a national cryptocurrency framework.

31 August 2021

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

JP Morgan snaps up stake in Brazilian digital bank

Brazilian firms Pinheiro Neto Advogados and Spinelli Advogados have helped JP Morgan Chase invest in local digital banking group C6, marking its entry into the country’s retail banking sector.

05 July 2021

Stablecoins must be regulated like banks, Bank of England says

Stablecoins must be heavily regulated – including potentially authorised as banks – the Bank of England has recommended, as it continues to explore potential for central bank digital currencies.

09 June 2021

Brazil to develop digital currency plans

Brazil’s central bank has released guidelines for a digital real, promising further change to the country’s payments landscape after its approval of WhatsApp Pay and the introduction of a local digitised payments system.

26 May 2021

Second time lucky for WhatsApp payments in Brazil

WhatsApp’s payments platform in Brazil has won regulatory approval to operate, nearly a year after the central bank shut down its operations within days of launch.

05 May 2021

Brazilian climate risk proposals will be “a journey and a process”

Brazil’s banking regulator has proposed that financial institutions include more detailed climate-related losses in their risk management policies, but a “stark lack of diversity” at board level could hamper banks’ progress.

13 April 2021

Santander targets total ownership of Mexican unit, with Cleary advising

Spain’s Banco Santander is launching a bid to reacquire the remaining stake in the Mexican unit it sold almost a decade ago.

29 March 2021

Pérez Alati advising UBS on Argentine investment banking venture

UBS’s Brazilian joint venture will provide investment banking services in Argentina under a new agreement with a local bank, its first such deal since it was set up in October.

25 February 2021

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