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Cross-Border Transactions United Kingdom Financial Institutions

Proskauer Rose LLP

Safeguarding Reforms in the UK and EU – Preparing for Change

Proskauer Rose LLP on

The FCA has completed a major review of safeguarding for payment and e-money institutions. Its new rules are designed to reduce the risks seen in recent failures – where customers faced long delays and, on average, recovered...more

Jones Day

CRD VI and the New EU Third-Country Branch Regime: Harmonization Means Restricted Access

Jones Day on

The Situation: The European Union ("EU") banking legislation has been substantially reviewed and provides notably for a new regime applicable to cross-border activities from non-EU jurisdictions....more

White & Case LLP

The Shadow Financial System

White & Case LLP on

The concept of the shadow financial system rose to international prominence in the aftermath of the 9/11 terrorist attacks. In an interview with a Pakistani newspaper a month later, Osama bin Laden stated that Al Qaeda were...more

A&O Shearman

International Organization of Securities Commissions Publishes Recommendations for Crypto and Digital Assets Markets

A&O Shearman on

Following its consultation in 2023, the International Organization of Securities Commissions published its Policy Recommendations for Crypto and Digital Asset Markets on November 16, 2023. The 18 recommendations are intended...more

Sullivan & Worcester

Trade Finance in the Digital World – What Changes are Likely in the Coming Months and Years?

Sullivan & Worcester on

Foreword by Geoffrey Wynne - Much has been written – and will be written – about the need to digitise trade transactions. Less use of paper and greater speed and efficiency are some of the reasons for this. The...more

American Conference Institute (ACI)

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

Hogan Lovells

Payments regulatory news, August 2021 #2

Hogan Lovells on

CRM code for APP scams: LSB update The Lending Standards Board (LSB) has published a press release setting out the next steps for the contingent reimbursement model code (CRM code) for authorised push payment (APP) scams. ...more

White & Case LLP

Financial Services Regulatory: Equivalence Tracker

White & Case LLP on

The UK's departure from the EU has created new uncertainties in EU-UK cross-border financial services. One such area is the regulatory landscape that EU and UK financial services firms will have to navigate when doing...more

Hogan Lovells

Payments regulatory news, October 2020 # 2

Hogan Lovells on

ISO 20022 migration: BoE revised approach The Bank of England (BoE) has updated its webpage on ISO 20022 with the following information. - ISO 20022 migration: BoE revised approach - The Bank of England (BoE) has updated...more

A&O Shearman

US-UK Financial Innovation Partnership Announced

A&O Shearman on

The U.S.-U.K. Financial Regulatory Working Group has announced the establishment of a Financial Innovation Partnership between the U.S. and the U.K. The objective of the Partnership is to strengthen bilateral engagement on...more

White & Case LLP

Cross-Border Cannabis Investment: Managing Money Laundering Risk

White & Case LLP on

Canada legalised recreational cannabis in October 2018 and it may be that other countries follow suit. UK and US investors, and those who facilitate investments in legal recreational cannabis businesses overseas, need to be...more

A&O Shearman

Brexit and Equivalence: Review of the Financial Services Framework Across All Sectors

A&O Shearman on

Since the UK voted to leave the EU on 23 June 2016, there has been much speculation about the form of the future access arrangements between the UK and the EU for financial institutions. In a scenario where no new deal is...more

Orrick, Herrington & Sutcliffe LLP

Brexit - What Now For Your Business

So, the UK has voted to leave the EU. Everyone has their own opinion and we've all seen the news reports and various viewpoints but what does this result mean for you in practical terms and where do we go from here? Here's...more

K&L Gates LLP

"Brexit Bites": Implications for Financial Services Firms

K&L Gates LLP on

Much of the regulation of financial services in the UK is governed by EU law. This includes the regulation of banks, broker-dealers, insurers and reinsurers, insurance intermediaries, fund managers, mortgage providers and...more

K&L Gates LLP

"Brexit Bites": Implications and Issues for Firms in the Financial Services Sector

K&L Gates LLP on

This is the third in our series of "Brexit Bites" which focuses on Financial Services. Much of the regulation of financial services in the UK is governed by EU law. This includes the regulation of banks, broker-dealers,...more

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