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A&O Shearman

The expanding reach of Italy's FDI regime

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The Italian government has recently published its 2024 Annual Report on Foreign Direct Investment (the Report), providing an overview of the exercise of its special powers, commonly referred to as “Golden Power,” in sectors...more

White & Case LLP

Navigating the EU Foreign Subsidies Regulation: Strategic considerations for financial institutions

White & Case LLP on

Just two years into the implementation of the EU Foreign Subsidies Regulation (FSR), financial institutions are already experiencing its significant impact. The Regulation’s broad scope, extensive data collection requirements...more

A&O Shearman

PRA publishes 2024/2025 secondary competitiveness and growth report

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The UK Prudential Regulation Authority (PRA) has published its 2024/25 competitiveness and growth report, setting out how it has advanced its secondary competitiveness and growth objective (SCGO). The SCGO was introduced...more

GeoDataVision

Why Do Federal Bank Regulators Create a Commercial Monopoly on Key Benchmark Data?

GeoDataVision on

Ever since the 1995 CRA rule was published bank regulators have mandated certain “community” and “market” benchmarks as the basis for rating bank performance under the CRA regulations. Most of that data is in the public...more

Amundsen Davis LLC

5 Reasons Your Bank Needs an AI Policy (Right Now)

Amundsen Davis LLC on

Banks of all sizes must confront the rapid integration of artificial intelligence within their institutions (and everywhere, for that matter). AI tools are already widely used, often without proper oversight, as employees and...more

White & Case LLP

Spain launches unprecedented public consultation on banking sector deal

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Spanish Ministry of Economy Launches Public Consultation on BBVA’s Public Takeover Bid for Banco Sabadell, after CNMC Approval with Commitments. On May 5, the Spanish Ministry of Economy, Commerce and Business received...more

A&O Shearman

ECB flags reliance of EU card payments on international schemes

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The European Central Bank (ECB) has published a report on card schemes and processors. The report provides an updated analysis of the development of card schemes and processing entities in EU member states...more

Orrick, Herrington & Sutcliffe LLP

Fintech trade group argues to sustain open banking rule

On February 12, a trade group representing the fintech industry filed a motion to intervene in a pending lawsuit regarding the CFPB’s final rule on open banking, in order to defend it. The suit was filed originally by a bank...more

Mayer Brown

Evolving Competitor Definitions in Fund Finance

Mayer Brown on

Recent developments in fund finance documentation reflect a significant shift in how insurance companies are treated under assignment provisions. Traditionally, “competitor” definitions have served to restrict loan...more

Sheppard Mullin Richter & Hampton LLP

Trade Group Calls for Clarity on Ohio Fintech Guidance

On January 14, 2025, the American Fintech Council (AFC) submitted a letter to the Ohio Department of Financial Institutions, urging it to re-examine its recent guidance on responsible bank partnerships and provide more...more

Blake, Cassels & Graydon LLP

Private M&A: Year in Review and Outlook

Looking back on 2024 in private M&A, several notable trends stand out. In a year generally marked by caution in dealmaking, the Canadian market saw heightened regulatory scrutiny, the growth of private capital financing and...more

Perkins Coie

CFPB Finalizes Proposed Open Banking Rule on Personal Financial Data Rights

Perkins Coie on

Background on Open Banking and the CFPB - The Consumer Financial Protection Bureau (CFPB) recently finalized a rule on personal financial data rights (Rule), implementing Section 1033 of the Consumer Financial Protection Act...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Summer 2024

Across industries, companies are facing new and uncertain regulatory pressures and demands in areas including artificial intelligence, sustainability, algorithmic pricing and fintech-bank relations. In this issue of The...more

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