The UK’s Prudential Regulation Authority has removed the “extraordinary guardrails” it imposed on dividend distribution during the pandemic, but has warned banks to exercise an “appropriate degree of caution”.
14 July 2021
Singapore’s OCBC Bank, advised by Linklaters, has won approval from bondholders to switch the benchmark underpinning millions of pounds in covered bonds from Libor to a new risk-free rate.
10 June 2021
Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.
12 May 2021
The head of Herbert Smith Freehills' financial services regulatory practice in Asia has crossed over to Gibson Dunn & Crutcher, bringing three associates with him.
30 April 2021
Singapore’s regulator is consulting on new exemptions from business conduct and notification requirements for banks’ foreign head offices and local branches, after banks said recent reforms to its regime for foreign related corporations risked an “unlevel playing field”.
08 April 2021
The UK’s Financial Conduct Authority will have a majority-female executive committee after making four new senior appointments, while Singapore’s regulator has announced its new head of financial supervision.
09 March 2021
A South African fintech advised by Ashurst may become the first financial institution to be licensed under the Philippines’ new digital banking framework after it was enacted in November.
08 March 2021
Last year’s shift to remote working in the covid-19 pandemic did not trigger “any significant increase in operational, fraud and cyber risks”, according to a new paper published by Singapore’s banking association and regulator, which outlines a range of new policies banks should adopt if the practice becomes “the new normal” post-pandemic.
03 March 2021
Singapore has granted its banking regulator increased powers to monitor a wider range of companies offering cryptocurrency services, in a bid to counter money laundering and terrorist financing through digital service providers.
11 January 2021
Morrison & Foerster, Allen & Gledhill and Hogan Lovells have all included banking regulation practitioners in their new year promotions rounds.
11 January 2021
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