Regulatory RelationsRSS
Gary Gensler 2021

SEC warns Coinbase over proposed yield product

The US Securities and Exchange Commission has threatened to sue crypto exchange Coinbase if it launches its planned lending product

Euro notes

Is a single bank supervisor inevitable throughout the EU?

A number of European Union countries remain outside eurozone supervisory arrangements, but most are under a treaty commitment to join the euro and the European Banking Union at some point. But a mix of politics and economics points to very divergent levels of progress among the outsiders. By Duncan Alford, associate dean and director of the Law Library & professor of law at the University of South Carolina

UK inks financial services partnership with Singapore to help maintain City’s dominance

On June 30, the UK and Singapore announced a new partnership to facilitate dialogue and co-operation on financial services as the former seeks to forge new relationships following Brexit. 

Rishi Sunak

UK looks to rest of world with dim prospect of winning EU equivalence

At the annual Mansion House speech delivered on July 1, finance minister Rishi Sunak said the UK can now operate differently and better as it has greater freedom to pivot away from the EU and to deepen relationships with other nations.

Jennifer Hlad

A Swiss perspective on equivalence

In July 2019, the Swiss stock exchange and its operator SIX were stunned by the EU decision to deny Switzerland and its stock exchange equivalency status. As a result, Swiss stocks could no longer be traded on European multilateral trading facilities (MTFs). But this did enable some valuable insights. 

Sydney Harbour

Australia trade deal paves way for UK to join CPTPP

On June 14, the UK signed a trade deal in principle with Australia, which is supportive for financial services, and paves the way for the UK to enter the Progressive Agreement for Trans-Pacific Partnership (CPTPP), an important trading bloc, which the UK wants to join. 

Liz Truss

UK allowed to apply for CPTPP membership

A Pacific trade pact has given the UK the green light to apply to become one of its members marking a significant pivot for the country following Brexit though there are doubts over whether it will do much for financial services.

Covid-19 vaccinations are critical part of operational risk management says SFC

Ensuring staff in financial firms are vaccinated against Covid-19 should be considered as a critical part of operational risk management, the Hong Kong Securities and Futures Commission (SFC) said in a statement on June 1. 

Online payment

US inter-agency co-operation deepens to provide fintech guidance to banks

US supervisors at federal and state level are looking to work closer together to provide greater clarity to the banking community on fintech issues and the adoption of new innovative technologies. 

Michael Hsu mooted to become acting comptroller of the currency

US treasury secretary Janet Yellen looks set to ask Michael Hsu, a senior supervisor at the US Federal Reserve Board, to become the acting head of the Office of the Comptroller of the Currency (OCC), according to media reports.