Region: Saudi Arabia

Qatar wins PwC report disclosure in market manipulation conspiracy claim

A report prepared for a regulator’s investigation of alleged market manipulation in aid of the 2017 blockade against Qatar does not have litigation privilege, an English court has ruled, granting a disclosure request from the state in its ongoing dispute with Luxembourg’s Banque Havilland.

19 August 2021

Community round-up: turnover at the FCA, and new leadership in South Africa and Dubai

The FCA’s international executive director and interim COO Nausicaa Delfas has been named to head up the UK’s Financial Ombudsman Service, while South Africa’s FSCA and Dubai’s DFSA have both announced their new leadership.

23 April 2021

Hire suptech talent, FSB urges regulators

Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.

12 October 2020

Crédit Agricole sells final Saudi Fransi stake, with Clifford Chance advising

Clifford Chance and its Saudi associate firm are advising France’s Crédit Agricole as it disposes of its final remaining stake in Banque Saudi Fransi.

29 September 2020

CPMI urges regulatory synchronisation for cross-border payments

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

ECB lowers capital requirements bar for eurozone bank mergers

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

Regtech race hots up with Saudi and UAE initiatives

The G20’s Saudi presidency has announced a “hackathon” competition for regtech providers, as the United Arab Emirates pilots a new AI-led licence review scheme.

29 April 2020

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