In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
1/26/2017
/ Anti-Money Laundering ,
Capital Requirements ,
Credit Rating Agencies ,
Cybersecurity ,
FinTech ,
Global Systemically Important Banks (G-SIBs) ,
IFRS ,
Liquidity Coverage Ratio ,
No-Action Relief ,
Passporting ,
TLAC
Currently, U.S. broker-dealers are not required to disclose their compensation in respect of fixed-income transactions effected as principal. In November 2016, the SEC approved a rule proposal of the U.S. Financial Industry...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
12/21/2016
/ Banking Sector ,
Central Counterparties ,
Credit Rating Agencies ,
Dodd-Frank ,
EU ,
FinTech ,
Foreign Banks ,
Global Systemically Important Banks (G-SIBs) ,
Liquidity ,
Payment Services Directive ,
Regulatory Agenda ,
Stress Tests ,
Systemic Risk Buffer ,
UK ,
Volcker Rule
The European Commission has published draft legislative proposals which would require large non-EU banking firms with EU operations to establish an intermediate holding company in the EU. The proposed rules are similar to US...more
In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
11/21/2016
/ Anti-Money Laundering ,
Bank of England ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Credit Ratings ,
Cybersecurity ,
Department of Financial Services ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Federal Bank Regulatory Agencies ,
Federal Reserve ,
Financial Action Task Force ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
FinCEN ,
FinTech ,
FSMA ,
HM Treasury ,
Mary Jo White ,
MiFID II ,
OCC ,
Prudential Regulation Authority (PRA) ,
Retail Banks ,
Ring-Fencing ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
Technical Standards ,
UK ,
Universal Proxy Cards
The fiduciary standards for institutions and individuals providing investment advice throughout the retail investment and municipal securities markets are currently undergoing significant change. Following on the heels of the...more
Bank Prudential Regulation & Regulatory Capital -
US Board of Governors of the Federal Reserve System Releases Proposed Rule to Modify Capital Plan and Stress Testing Rules -
On September 26, 2016, the US Board of...more
10/17/2016
/ Block Trades ,
BSA/AML ,
Commodities ,
Cross-Border Transactions ,
EU ,
FinTech ,
Foreign Investment ,
MiFID II ,
Securitization ,
SEFs ,
Shadow Banking ,
Stress Tests ,
UK ,
Underwriting ,
Whistleblower Protection Policies
In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
9/30/2016
/ Asset Management ,
Banking Regulators ,
Banking Sector ,
Banks ,
Broker-Dealer ,
EU ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Global Market ,
Investment Firms ,
MiFID
In August 2016, the SEC approved FINRA’s proposal to permit firms conducting only enumerated corporate financing activities (“capital acquisition brokers” or “CABs”) to operate under a more limited FINRA rule set, a move...more
On August 5, 2016, FINRA in Regulatory-Notice 16–29 proposed revisions to its regulation of broker-dealer gifts, entertainment and non-cash compensation (the “proposal”) and requested comment to the same. The comment period...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
6/23/2016
/ Annual Reports ,
Bank Holding Company ,
Capital Markets Union ,
Capital Requirements ,
Cybersecurity ,
Dodd-Frank ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Long-Term Investment Funds ,
No-Action Relief ,
UK
In May 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network issued final rules regarding beneficial owner identification obligations for legal entity customers (the “Rule”).
Under the Rule, covered...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
6/1/2016
/ Basel III ,
Beneficial Owner ,
Capital Requirements ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
EU ,
Leverage Ratio ,
Leveraged Lending ,
Margin Requirements ,
Recordkeeping Requirements ,
Regulation Technical Standards (RTS) ,
UCITS ,
UK
On May 24, 2016, FINRA filed with the SEC proposed revisions to FINRA’s new fixed-income research rule that if adopted will provide clarifying guidance regarding institutional third-party research, as well as relief in other...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
5/6/2016
/ AML/CFT ,
Annuities ,
Asset Management ,
Capital Markets Union ,
Capital Requirements ,
Cross-Border Transactions ,
EU ,
Incentive Compensation ,
Leverage Ratio ,
MiFID II ,
SIFIs ,
UK
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/22/2016
/ Competition ,
Consultation Periods ,
Consumer Financial Protection Bureau (CFPB) ,
Derivatives ,
Enforcement Actions ,
Enforcement Authority ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
GAO ,
Global Systemically Important Financial Institutions (GSIFI) ,
High Frequency Trading ,
Richard Cordray ,
Securities and Exchange Commission (SEC) ,
Securitization ,
Standing ,
Stress Tests ,
Swaps ,
U.S. Treasury ,
UK
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/15/2016
/ Anti-Inversion Regulations ,
EU ,
FBOs ,
Fiduciary Duty ,
Financial Adviser ,
FinTech ,
FSOC ,
Global Systemically Important Financial Institutions (GSIFI) ,
Leverage Ratio ,
MetLife ,
Terrorism Funding ,
UK
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/11/2016
/ Asset Management ,
Blockchain ,
CFTC ,
Corporate Governance ,
Cybersecurity ,
Economic Sanctions ,
EU ,
Federal Reserve ,
Industry Consolidation ,
Maxwellisation ,
Municipal Securities Issuers ,
Natural Gas ,
Remuneration ,
Stress Tests ,
UK
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/1/2016
/ Capital Markets Union ,
EU ,
Eurozone ,
GAAP ,
Interchange Fees ,
MiFID II ,
Mortgage Credit Directive (MCD) ,
Prudential Standards ,
Ring-Fencing ,
SIFIs ,
Small and Medium-Sized Enterprises (SMEs) ,
UCITS V ,
UK ,
UK Payment Systems Regulator
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
3/25/2016
/ Bank Recovery and Resolution Directive (BRRD) ,
Central Counterparties ,
Cuba ,
Deposit Insurance ,
Derivatives Clearing Organizations ,
Dodd-Frank ,
EU ,
Foreign Exchanges ,
Goldman Sachs ,
Insider Trading ,
Payment Systems ,
Sanctions ,
UK ,
Volcker Rule
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
3/18/2016
/ Basel Committee on Banking Supervision (BCBS) ,
Credit Default Swaps ,
EU ,
FDIC ,
Federal Savings Associations ,
International Banks ,
Libor ,
Market Abuse ,
Regulatory Agenda ,
Ring-Fencing ,
Securities and Exchange Commission (SEC) ,
Senior Managers ,
Transfer Pricing ,
UK ,
Volcker Rule