Regulatory RelationsRSS

ECB investigating how it conducts supervisory reviews

The ECB is shaking up its vital annual health check for banks amid complaints of excess bureaucracy, but the makeover is shrouded in mystery.

GET map pins

Mauritius aims to become a leading African financial hub

Through a unique combination of trade agreements, Mauritius is positioning itself as a conduit for international investment into Africa while pivoting its regulatory regime towards becoming more attractive to institutional funds.

truss

Reorganising UK’s regulatory bodies ‘could undermine City of London’

The UK regulatory furniture could face its biggest reorganisation in over a decade if Liz Truss replaces Boris Johnson as prime minister, potentially ushering in a period of deep uncertainty for the Bank of England.

FCA entrance

Firms brace for biggest overhaul in UK retail conduct rules in decades

The delayed consumer protection rules will have a very significant impact on firms serving the UK financial retail market by imposing increased accountability and compliance oversight obligations.

Nadhim Zahawi

UK finance bill more a power grab than a Big Bang

The UK’s long-awaited finance bill was supposed to unshackle the City of London from ‘unnecessary’ red tape, much of it inherited from the EU, but in the end it left the financial services sector underwhelmed and disappointed.

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.