Regulatory RelationsRSS
David Biggin

UK consults over its regulatory regime as Brexit looms

The UK Treasury is consulting over certain aspects of the UK’s financial regime ahead of Brexit

Facebook’s Libra coin faces big regulatory hurdles

Authorities around the world are rounding on Facebook’s digital currency, the Libra, potentially threatening its launch. 

BaFin prepares for 'no deal' Brexit

Germany’s federal financial supervisory authority, BaFin, has implemented more than 50 laws in the event the UK leaves the EU on October 31 without a withdrawal agreement. 

EU approves key Singapore financial benchmarks

The European Commission has approved certain Singaporean financial benchmarks meaning that companies in the EU can continue using them for trading derivatives products that are linked to them.

OCC consolidates two units to improve supervision

New division of the Office of the Comptroller of the Currency is part of an efficiency drive. 

SVP maggots

EU tightens equivalence rules game

The UK’s pending departure from the EU has potentially weaponised its equivalence process, which decides if third country-based financial services firms can sell into the union, leaving many financial firms concerned.

CFTC's Giancarlo could be in running to head Bank of England

In a surprise development, J Christopher Giancarlo chair of the the US Commodity Futures Trading Commission (CFTC) might be in the running to take over at the Bank of England. 

BIS establishing innovation hubs

Three innovation hubs have been given the go-ahead by the Bank for International Settlements (BIS) and are aimed at helping central banks to better understand and to collaborate around developments in fintech. 

China to further open up foreign ownership of financial firms

China premier Li Keqiang said the country is to scrap all limits on the foreign ownership of Chinese financial firms in 2020, a year earlier than originally flagged.

BIS calls for regulatory co-operation to manage big tech’s push into finance

Harvesting the benefits while containing the risks associated with big tech’s entry into financial services needs a comprehensive approach drawing on financial regulation, competition policy and data privacy rules, the Bank for International Settlements (BIS) said in its annual report.