News & Analysis as of

Small and Medium-Sized Enterprises (SMEs) Financial Institutions

Barnea Jaffa Lande & Co.

Revolution in Electronic Promissory Notes – Court Recognizes Digital Notes

A precedent-setting ruling has been issued in the case of Bizi Finance Ltd., in which the court was required to determine whether a promissory note signed electronically could be enforced through the enforcement and...more

A&O Shearman

UK Government responds to Treasury Committee report on SME Finance

A&O Shearman on

The U.K. government has published its response to the Treasury Committee report on access to financing for small businesses. The report, by the Treasury Select Committee of the previous Parliament, made recommendations...more

A&O Shearman

HM Treasury Post-Implementation Reviews on SME Credit Information and Finance Platforms Regulations

A&O Shearman on

Alongside the U.K government's Autumn Budget delivered on October 30, 2024, HM Treasury has published two post-implementation reviews relating to small- and medium-sized enterprise credit....more

A&O Shearman

Council of the European Union adopts EU Listing Act legislative package

A&O Shearman on

The Council of the European Union has adopted the Listing Act legislative package, marking the final step in the decision-making process. The package consists of: (i) a regulation amending the Prospectus Regulation, Market...more

White & Case LLP

Sector trends - September 2024: Specialty Finance / Marketplace Lending

White & Case LLP on

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Specialty Finance / Marketplace Lending - Consolidation fever grips non-bank lenders and banks alike—SME lending, revenue-based finance and...more

Cadwalader, Wickersham & Taft LLP

The UK’s PRA Publishes Near-Final Basel 3.1 Rules

On 12 September 2024, the UK’s banking regulator, the Prudential Regulation Authority ("PRA") published its second policy statement on implementation of the Basel 3.1 standards in the form of near-final rules (PS9/24). This...more

Skadden, Arps, Slate, Meagher & Flom LLP

The UK’s Pursuit of Open Finance

In April 2024, the UK government reiterated its vision for open finance, with UK Economic Secretary Bim Afolami (MP) announcing the creation of the Open Finance Taskforce at the 2024 Innovate Finance Global Summit. The...more

A&O Shearman

The Financing for the Future Act: Reforms for German ECM transactions

A&O Shearman on

The Financing for the Future Act came into force on 15 December 2023. The significant reforms to stock corporation and capital market law increase flexibility in German ECM transactions. Overview of the key changes - ...more

Cadwalader, Wickersham & Taft LLP

EBA Seeks Input from Credit Institutions on Green Loans and Mortgages

On February 13, 2023, as part of the European Commission’s Strategy for financing transition to a sustainable economy, the European Banking Authority (EBA) launched an industry survey seeking input on green loans and...more

Hogan Lovells

UK Consumer Duty: FCA publishes portfolio letters to help firms with implementation

Hogan Lovells on

On 3 February 2023, the FCA published portfolio letters setting out its expectations to support firms in implementing the Consumer Duty. The letters highlight its areas of focus for each sector, as well as sector-specific...more

BCLP

“The reputation of everyone involved is at stake.”

BCLP on

Will unsustainable companies have difficulty accessing financing in the future? Banks and financial institutions are increasingly offering financing based on ESG criteria. Originally published in German ESG Magazine ( ESGz...more

White & Case LLP

State of the art of the Italian liquidity measures - Keeping Italian Companies Alive?

White & Case LLP on

Since March 2020, the Italian Government has enacted a package of measures designed to help Italian businesses survive the dramatic effects of the coronavirus ("COVID-19") pandemic. The measures include guarantee schemes from...more

Latham & Watkins LLP

Hong Kong Fintech Week 2020: 3 Key Policy Initiatives of the HKMA

Latham & Watkins LLP on

The HKMA introduces a new data sharing initiative, reported on the central bank digital currency initiative, and outlined regtech plans. The fifth annual Hong Kong Fintech Week conference kicked off with speeches and panels...more

White & Case LLP

Financial institutions M&A: Sector trends - July 2020: As the technicolour gloss of unicorns fade, investors attempt to back the...

White & Case LLP on

Financial Institutions M&A sector trends: Fintech — H1 2020 and outlook for H2 2020. H1 2020 heralds an entirely new era for fintech, a market segment which scarcely existed at the time of the global financial crisis. Many...more

White & Case LLP

COVID-19: Turkish Government Financial Assistance Measures

White & Case LLP on

As in the rest of the world, the coronavirus (“COVID-19”) pandemic has caused significant disruption in the Turkish economy and financial markets. In response, the Turkish Government has introduced an economic stimulus...more

Hogan Lovells

COVID-19: Measures taken by financial supervisory authorities in certain jurisdictions - as at 15 May 2020

Hogan Lovells on

The current situation is fast-moving in light of the COVID-19 pandemic. Many financial supervisory and regulatory authorities as well as local governments have issued measures which are relevant for financial institutions and...more

Hogan Lovells

The Cura Italia Decree and other measures enacted to cope with the COVID-19 outbreak in Italy

Hogan Lovells on

As a result of the health emergency caused by the widespread outbreak of the virus COVID-19, several measures have been adopted throughout the EU aimed at limiting the occurrence of significant disruptions to the financial...more

Hogan Lovells

The good, the bad and the ugly

Hogan Lovells on

One year on from Australia's Royal Commission on Banking - The report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Report), was published one year ago....more

Hogan Lovells

Round-up: Indonesia – Welcoming 2020

Hogan Lovells on

2019 was an interesting year, especially politically and legally. Yet Indonesia has made it to 2020 better and stronger. ...more

King & Spalding

Lending to SMEs Through the ADGM Made Easy

King & Spalding on

Recently, Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, announced the launch of a new regulatory framework (the Framework) for operators of Private Financing Platforms (PFPs). PFPs will...more

Orrick - Finance 20/20

FCA Publishes Paper on SME Access to the FOS

The Financial Conduct Authority (“FCA“) is considering allowing Small and Medium Sized Enterprises (“SMEs“) access to Financial Ombudsman Service (“FOS“). On January 22, 2018, the FCA published a consultation paper, available...more

Orrick - Finance 20/20

European Parliament’s Committee on ECON Publishes Draft Reports on CRR II Regulation and CRD V Directive

Orrick - Finance 20/20 on

On December 1, 2017, Economic and Monetary Affairs (“ECON“) published its draft report on the proposed CRR II Regulation and its draft report on the proposed CRD V Directive. The European Commission’s proposals for the CRR...more

Hogan Lovells

P2P platforms and the SME finance industry: where do we go from here?

Hogan Lovells on

Looking back at the major changes since his last report 5 years ago, Andy Davis concluded on Monday evening that P2P platforms have "changed the game for small businesses, investors and regulators" in the UK, as he launched...more

Hogan Lovells

Planning ahead: the FCA's 2017/18 Business Plan priorities and strategic framework

Hogan Lovells on

The FCA's latest Business Plan demonstrates a commitment to pushing forward on both existing and new initiatives across sectors, focused on maintaining fair consumer outcomes in the rapidly changing UK financial services...more

K&L Gates LLP

The European Banking Authority Shadow Banking Guidelines: Unintended Consequences

K&L Gates LLP on

This article considers the recent European Banking Authority Shadow Banking Guidelines (the “Guidelines”), seeks a definition of shadow banking and discusses some of the potential consequences of the Guidelines for...more

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