Regulatory RelationsRSS

Uyeda sworn in as SEC commissioner

Mark T. Uyeda, who was nominated by US president Joe Biden earlier this year, has been sworn in as a commissioner at the Securities and Exchange Commission (SEC).

FDIC

Banks slam FDIC for changing appeals process without ‘proper’ consultation

Changes in the way the US Federal Deposit Insurance Corp (FDIC) handles supervisory appeals has generated a backlash from the industry which accuses the agency of having proceeded without proper public comment or notice. 

Northern Ireland dispute undermining EU-UK financial services co-operation

Regulatory co-operation on financial services between the EU and UK has been undermined by a dispute over the Northern Ireland protocol, according to the House of Lords European affairs committee. 

Trade bodies urge governments to liberalise cross-border services and data flows

Trade bodies from around the world have banded together to lobby governments to liberalise cross-border digital trade, data movements and to establish fair rules for e-commerce. 

John Glen

Financial services firms call for strong UK competitiveness mandate

In response to new legislation, representatives of UK financial services companies are calling on the government to beef up its competitiveness objective as the country prepares to rip up swathes of EU rules.

Anne-Marie Trevelyan

UK 'doing everything' to promote financial services

The UK government is “doing everything in its power” to promote the country’s financial services sector and to sweep away obstacles, protectionism and antiquated rules with advanced, high-standard agreements with other jurisdictions 

Bank of Canada governor takes over as GHOS chair

The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, has appointed Tiff Macklem, governor of the Bank of Canada, as its new chair for a three-year term.

City of London

UK financial services stabilise five years on from triggering Brexit

Five years after the UK triggered Article 50 of the Lisbon Treaty to leave the EU, the movement of capital and financial staff to the bloc appears to have stabilised, according to the EY Financial Services Brexit Tracker. 

FSB work programme to focus on galvanising global financial stability

Galvanising international co-operation around financial stability, enhancing resilience of shadow banks and cross-border payments and innovation are all part of the Financial Stability Board’s (FSB) 2022 work programme. 

US Fed’s earnings surged in 2021

Earnings by the Federal Reserve system rocketed to $107.9bn last year from $19.4bn the year before, the central bank said on March 21.