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A&O Shearman

FSB chair letter on global outlook and priorities

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The Financial Stability Board (FSB) has published a letter from Andrew Bailey, Governor of the Bank of England, who was appointed chair of the FSB from 1 July. In the letter, the chair confirms his commitment to the FSB's...more

A&O Shearman

International bodies report on streamlining variation margin processes and initial margin responsiveness of margin models in...

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The Basel Committee on Banking Standards and International Organization of Securities Commissions published a final report on streamlining variation margin processes and initial margin responsiveness of margin models in...more

A&O Shearman

Financial Stability Board Sets out Resolution Work for 2025

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The Financial Stability Board has published its resolution report for 2024. The report takes stock of the FSB resolution-related work of the past year as well as of the progress made by FSB members in implementing resolution...more

Holland & Knight LLP

Transición de la TIIE en operaciones derivadas en México

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El Banco de México (Banxico), el 2 de junio de 2023, publicó un comunicado de prensa relacionado con la transición de la Tasa de Interés Interbancaria de Equilibrio (TIIE) en moneda nacional a plazos mayores a un día hábil...more

McCarter & English, LLP

SEC Issues New Rules for Hedge Fund and Private Equity Disclosures

On May 3, the Securities and Exchange Commission approved a new rule that will require hedge fund advisers and private equity advisers to disclose more information to regulators on Form PF about their stability risks and...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

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The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more

Hogan Lovells

Global Payments Newsletter, July 2022

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Key developments of interest over the last month include: UK Financial Services and Markets Bill 2022-23 introduced to Parliament; US Treasury publishes framework for international engagement on digital assets; and European...more

Foodman CPAs & Advisors

Ensuring Responsible Innovation In Digital Assets Calls For TEAMWORK

The Executive Order signed by President Biden lays out a national policy for digital assets across six key priorities: consumer and investor protection, financial stability, illicit finance, U.S. leadership in the global...more

A&O Shearman

Financial Stability Board Publishes 2022 Work Priorities

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The Financial Stability Board has published a letter to G20 Finance Ministers and Central Bank Governors outlining its work priorities for 2022, which are...more

Robins Kaplan LLP

Financial Daily Dose 7.20.2021 | Top Story: Markets Dive on Monday on Delta Variant Fears

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Markets dove at the opening bell and never recovered on Monday, with all three major indices off between 1 and 2%--the most across the board since May. Most market watchers blamed concerns over the economic recovery stalling...more

Hogan Lovells

Financial institutions general regulatory news, July 2021 #2

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MLRs 2017: Money Laundering and Terrorist Financing (Amendment) (No 2) (High-Risk Countries) Regulations 2021 The Money Laundering and Terrorist Financing (Amendment) (No 2) (High-Risk Countries) Regulations 2021 (SI...more

Holland & Knight LLP

Federal Reserve Vice Chair Addresses Climate-Related Financial Risks

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Federal Reserve Board (FRB) Vice Chair for Supervision Randal K. Quarles, who also is chair of the Financial Stability Board (FSB), gave a speech on July 11, 2021, to the Venice International Conference on Climate Change,...more

Holland & Knight LLP

The U.S. Financial System and Climate Risk

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The past several months have taught us a lot about the interplay between global risks and the economy. With lessons from the COVID-19 pandemic continuing to evolve, climate change has earned a new spotlight as an analogous...more

Proskauer Rose LLP

Regulation Round Up - November 2020

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30 November - The Prudential Regulation Authority (“PRA”) published a statement about its forthcoming policy statement on implementing the CRD V Directive ((EU) 2019/878). HM Treasury updated its webpage on a call for...more

Latham & Watkins LLP

Federal Reserve Recognizes Significance of Climate Risks on Financial Stability

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The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability. In its November 2020 Financial Stability Report (the Report), the Board of...more

A&O Shearman

Financial Stability Board Publishes 2020 Work Program

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The Financial Stability Board has published its work program for 2020. The FSB confirms that it will continue to monitor developments to identify and manage new and emerging risks, work to finalize the outstanding components...more

A&O Shearman

Financial Stability Board Calls for Sustained Efforts to Migrate From LIBOR

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The Financial Stability Board has published a progress report on reforms to major interest rate benchmarks. The report provides the FSB's annual update on progress taken by the official sector and market participants to move...more

A&O Shearman

Financial Stability Board Plenary Meets to Review Global Financial System Vulnerabilities, FinTech and its 2020 Work Program

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The Financial Stability Board has met in Paris to review key issues facing financial markets, including vulnerabilities in the global financial system, FinTech developments and its 2020 work program. The key areas of...more

A&O Shearman

Financial Stability Board Publishes Update on Market Fragmentation Work

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The Financial Stability Board has published a progress update on its ongoing work to tackle market fragmentation. The update follows the FSB’s June 2019 Report on Market Fragmentation, which explored the link between market...more

Latham & Watkins LLP

The Systemic Importance of Cloud-Based Service Providers to Banks

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US lawmakers urge FSOC to designate cloud-based storage systems used by major banks as systemically important financial market utilities. In an August 22, 2019, letter addressed to Treasury Secretary Steven Mnuchin, in his...more

A&O Shearman

Financial Stability Board Publishes Summary of Workshop on Continuity of Access to Financial Market Infrastructure

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The Financial Stability Board has published a summary of an industry workshop, held on May 21, 2019, on continuity of access to financial market infrastructures for firms in resolution. The FSB held the workshop to assist in...more

A&O Shearman

Financial Stability Board Assesses Legal Entity Identifier Implementation

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The Financial Stability Board has published a thematic review on the implementation of the Legal Entity Identifier. An LEI is a unique identifier of entities that engage in financial transactions. It is intended that such an...more

Proskauer Rose LLP

Regulation Round Up - April 2019

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1 April - The Financial Conduct Authority ("FCA") published a statement announcing that it is commissioning an investigation by an independent person into the issues raised by the failure of London Capital & Finance....more

A&O Shearman

International Standard Setters Publish Framework for Supervisory Stress Testing of Multiple CCPs

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The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions have published a Framework for the supervisory stress testing of CCPs, following a joint consultation launched...more

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