An English court has denied UBS’s request to throw out a lawsuit filed by US regulator FDIC, which accuses the bank of colluding with 11 rivals to lowball US dollar Libor.
05 August 2020
The UK’s Financial Conduct Authority will require dual-regulated firms to “ensure and demonstrate” gender-neutral remuneration practices as part of CRD V compliance – while the Prudential Regulation Authority announces changes to its group buffer policies under the directive.
04 August 2020
Australian regulators have announced a relaxation on dividend restrictions imposed at the beginning of the covid-19 crisis – while their European counterparts have extended them until next year, and Singaporean regulators have called on banks to cap dividends for the first time.
29 July 2020
The UK’s Prudential Regulation Authority has introduced a set of new proposals to simplify regulatory requirements for new entrants to the banking market.
24 July 2020
Ukraine’s central bank has appointed a new governor after its previous head resigned over “systematic political pressure”; regulators in the UK and Dubai have announced board changes; and Swiss firm Schellenberg Wittmer has hired an of counsel in Geneva.
20 July 2020
Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.
16 July 2020
RPC partners Adam Craggs and Michelle Sloane, and associate Alice Kemp, consider the recent convictions in the first criminal trial related to Cum-ex trades, and the ongoing impact for financial institutions in the UK.
29 June 2020
The UK is set to pass new legislation granting its Financial Conduct Authority new powers to manage the transition away from the Libor benchmark – including specific rules for handling ‘tough legacy’ contracts.
24 June 2020
London Stock Exchange chief executive Nikhil Rathi has been tapped to lead the UK’s Financial Conduct Authority.
22 June 2020
The UK’s Financial Conduct Authority has fined the London arm of German lender Commerzbank £37.8 million for failing to establish robust anti-money laundering controls.
18 June 2020
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