The former head of the US Commodities and Futures Trading Commission’s market participants division, and the former interim chief executive of the UK’s Financial Conduct Authority, have both announced their respective private practice destinations after leaving government service.
19 February 2021
The UK’s Prudential Regulation Authority has proposed requiring all intangible assets to be fully deducted from CET1 capital under newly-proposed capital requirements – its first significant divergence from its EU counterparts since Brexit.
16 February 2021
The UK’s Financial Conduct Authority has told foreign financial institutions it will monitor all their activities, including those that fall outside its remit and non-UK-based business, before granting them a licence to operate in the country.
04 February 2021
Don’t forget about the key capabilities needed to deliver operational resilience programmes successfully, writes Sundeep Gupta, a managing consultant at PA Consulting in London.
03 February 2021
Linklaters has named Madrid- and London-based partners to head its banking practice, while Davis Polk & Wardwell has hired from Buckley in Washington, DC.
18 January 2021
Morrison & Foerster, Allen & Gledhill and Hogan Lovells have all included banking regulation practitioners in their new year promotions rounds.
11 January 2021
The UK has completed its transition out of the European Union after agreeing a deal that excludes financial services – but it faces a challenge persuading the EU that equivalence doesn’t require “line by line” similarity with EU standards.
05 January 2021
US, UK and Australian regulators are dialling back calls for dividend and buyback restrictions issued at the outset of the covid-19 pandemic – while the European Central Bank has revised its outright suspension even as it encourages banks to continue forgoing distributions until September.
21 December 2020
2021 will see newly-promoted banking regulation partners at Cadwalader Wickersham & Taft and Sidley Austin, which have both made appointments in the United States and United Kingdom.
18 December 2020
Australia’s prudential regulator has proposed changes to its capital adequacy framework as part of its delayed Basel III implementation, while its British counterpart has pressed ahead with plans for simplified recovery plan obligations for some banks, despite predictions they promise firms only “limited” cost savings.
09 December 2020
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