The European Commission has published a targeted consultation, accompanied by a press release, on a draft communication regarding the prudential treatment of equity investments by banks under legislative programmes in Article...more
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
Key developments of interest over the last month include: In this Newsletter: For previous editions of the Global Payments Newsletter, please visit our Financial Services practice page. It is expected that the implementation...more
In 2012, the Wheatley Review recommended reform rather than replacement of LIBOR, on the basis that a transition to a new benchmark would pose an unacceptably high risk of financial instability. Reform came in the form of a...more