UK Post-Brexit EU Financial Services Legislation -
Shearman & Sterling today announces its publication in its Brexit Resource Center website of the U.K. post-Brexit versions of several key pieces of EU legislation and...more
In this newsletter, we provide a snapshot of the principal Asian, U.S., European and selected international governance and securities law developments of interest to Asian corporates and financial institutions.
...more
On April 18, 2018, the U.S. Securities and Exchange Commission (“SEC”) took the long-awaited step of proposing rules, interpretations and guidance (the “Proposed Rules”) that would seek to enhance and clarify the standards of...more
4/25/2018
/ Best Interest Standard ,
Broker-Dealer ,
Comment Period ,
Employee Retirement Income Security Act (ERISA) ,
EU ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Conduct Authority (FCA) ,
Investment Adviser ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Proposed Regulation ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
UK
In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/12/2018
/ Annual Reports ,
Appraisal ,
Banks ,
Commercial Real Estate Market ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Disclosure Requirements ,
EU Prospectus Regime ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
FinCEN ,
FRBNY ,
Fund Managers ,
Global Economy ,
Investor Protection ,
MiFID II ,
Regulatory Standards ,
UK
MiFID II is Europe’s new financial regulation for investment business which came into effect on 3 January 2018. The banking and legal industries seem to be unsure about whether or not MiFID II treats both issuers and buy-side...more
On October 26, 2017, the US Securities and Exchange Commission, European Commission and the UK Financial Conduct Authority released, in a coordinated manner, a series of significant orders and guidance to address some of the...more
11/16/2017
/ Broker-Dealer ,
Compliance ,
Cross-Border Transactions ,
European Commission ,
Extraterritoriality Rules ,
Financial Conduct Authority (FCA) ,
Investment Adviser ,
MiFID II ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
SIFMA
MiFID II comes into effect on 3 January 2018 and brings with it several important changes for regulated firms. Among these changes is an extension of the list of investment services and activities which firms require...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 jury in the so-called ‘Tabernula’ (“Little Tavern”) case has on Monday delivered its verdict after a 12-week trial. Two of the five defendants have been convicted, whilst the other three have been acquitted of all...more
This note discusses the MiFID II regime for access by financial institutions located outside the EU to EU customers and markets. Full harmonisation of the access regime for third country firms has not been achieved. Instead...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
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
Several recent UK cases have considered the extent to which third parties may be identified in public disciplinary notices issued by the Financial Conduct Authority to financial institutions. UK financial services...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
In This Issue:
- Board of Governors of the Federal Reserve System Approves Final Rule Amending Regulation D
- US Federal Banking Agencies Finalize Revisions to the Capital Rules Applicable to Advanced...more
6/25/2015
/ Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Community Banks ,
Escheat ,
EU ,
European Banking Authority (EBA) ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Foreclosure ,
Futures ,
Mortgage Servicers ,
OCC ,
Regulation D ,
Regulatory Agencies ,
Regulatory Agenda ,
Technical Standards
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Regulations on Methodology for Calculation of Fixed Costs by Investment Firms
- UK Bank of England Announces Details of 2015 Stress...more
4/1/2015
/ Bank of England ,
Banking Sector ,
Banks ,
CFTC ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Rating Agencies ,
Financial Conduct Authority (FCA) ,
Payday Loans ,
Payment Systems ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
UK
In this issue:
- US Office of the Comptroller of the Currency Releases Community Reinvestment Act Evaluations
- Amendment to Regulation on Supervisory Reporting of Institutions on Asset Encumbrance, Single Data...more
1/28/2015
/ Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Community Reinvestment Act ,
Enforcement ,
EU ,
European Banking Authority (EBA) ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Insider Trading ,
Libor ,
Market Manipulation ,
Mortgages ,
No-Action Relief ,
OCC ,
Prudential Standards ,
Sovereign Debt ,
Strategic Enforcement Plan ,
Supervision ,
Truth in Lending Act (TILA)
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Consumer Protection
- Credit Ratings
- Enforcement
- Funds
- Excerpt from Bank Prudential Regulation &...more
12/30/2014
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Consumer Price Index ,
Credit Ratings ,
Enforcement Actions ,
European Banking Authority (EBA) ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Mortgages ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC)
In this issue:
- Derivatives
- Bank Prudential Regulation & Regulatory Capital
- Credit Ratings
- Financial Services
- Shadow Banking
- Funds
- Financial Market...more
9/2/2014
/ Banks ,
CFTC ,
Credit Ratings ,
Derivatives ,
Dodd-Frank ,
Enforcement Actions ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Regulatory Reform ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Shadow Banking ,
UK
In this issue:
- Derivatives
- Compensation
- Recovery & Resolution
- Bank Prudential Regulation and Regulatory Capital
- Financial Market Infrastructure
- Financial Services...more
8/5/2014
/ Banking Sector ,
Banks ,
Capital Markets ,
Derivatives ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
FOMC ,
FX Swaps ,
MiFID ,
Remuneration
In this issue:
- Compensation
- Capital and Prudential Regulation
- Bank Structure
- Financial Services
- Consumer Protection
- Enforcement
- People
- Events...more
6/18/2014
/ Banks ,
Capital Markets ,
Disclosure Requirements ,
European Banking Authority (EBA) ,
Executive Compensation ,
FDIC ,
Financial Conduct Authority (FCA) ,
Legislative Agendas ,
New Legislation ,
OCC ,
Reporting Requirements ,
Rulemaking Process ,
Stress Tests ,
Volcker Rule
In this issue:
- Derivatives
- Regulatory Capital
- Financial Services
- Market Infrastructure
- Enforcement
- Financial Crime
- Events
- Excerpt from Derivatives: CFTC...more
5/7/2014
/ Banks ,
Capital Markets ,
CFTC ,
Credit Ratings ,
Derivatives ,
DMO ,
EU ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
OCC ,
SEFs ,
Stress Tests