Regulatory RelationsRSS

UK's senior managers & certification regime likely to see more investigations

As the UK’s senior managers and certification regime is extended more investigation are likely to ensue though it may not lead to a sharp rise in corresponding disciplinary enforcement actions.

European Commission ponders transaction tax to fill budget hole

European Commission ponders pan-EU funding alternatives to plug loss of UK contributions once the country leaves the bloc, including a tax on financial transactions.

ESMA sets out principles for attracting London-based financial firms

The European Securities and Markets Authority has set out nine principles for EU financial centres to follow when they bid to host financial firms looking for a new EU location.

CFTC voices post-Brexit concerns over euro clearing

The prospect of the EU mandating the clearing of euro trades within the EU is likely to strain the bloc’s relationship with the US.

SEC and CFTC ask Congress for more money

The SEC and CFTC ask Congress for more money to fulfil their evolving mandates.

Basel Committee tells G20 of good implementation progress

June was a hectic month for the Basel Committee on Banking Supervision as it reported on implementation progress ahead of the July 7-8 G20 meetings and published several other reports.

Barnier Davis web

Third-country equivalence becomes entangled in Brexit politics

The EU's thinking around third-country equivalence for financial services has become bogged down in the politics surrounding the UK's exit from the EU, meaning clarifications will probably be delayed for years. By Farah Khalique.

Steven Mnuchin web

US Treasury lays out road map for Dodd-Frank reforms

In its review of Dodd-Frank, the US Treasury has come up with a comprehensive set of proposals and has given considerable thought to implementation – which will involve circumventing the Senate as much as possible. By Justin Pugsley.

Tommaso Di Ruzza web

AIF spearheads Vatican drive to comply with global rules

The Vatican City’s financial regulator is unique being based in the world’s smallest state and oversees just one institution. Yet that shouldn’t downplay the supervisory challenges it faces. By Justin Pugsley.

G7 calls for stronger co-operation against cyber-crime

G7 calls for more co-operation in fight against money laundering, terror financing and cyber-crime, and talks up fairer taxation policies.

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