Regulatory RelationsRSS

IOSCO appoints CNMV’s Buenaventura to head up its Sustainable Finance Task Force

On December 5, the International Organization of Securities Commissions (IOSCO) said it had appointed Rodrigo Buenaventura, chair of Spain’s Securities Market Commission (CNMV), to head up its Sustainable Finance Task Force.

GET Hong Kong

Hong Kong mounts fight back amid fragmenting geopolitics

Hong Kong has prospered mightily on the back of turbo-charged globalisation, the ascent of China and the symbiotic US–Chinese economic relationship. But these conditions are now unravelling, raising questions over whether the city can maintain its status as a leading financial hub.

GET FTX

FTX fallout shines light on sleepy regulators

The demise of Bahamas-based cryptocurrency exchange FTX is raising questions about offshore financial regulators’ ability to oversee rapidly growing crypto firms.

GET roulette wheel

Is the UK gambling on a return to casino capitalism?

It is tempting to dismiss the UK government’s plans to scrap banker bonus caps, reintroduce a competitiveness mandate for regulators and to potentially dilute conduct rules to turbo charge the City of London’s growth as a return to casino capitalism. The reality is somewhat more nuanced.

Rupert Brown

The regulatory balance sheet – time for a rethink?

If you were to ask a member of the general public how a regulatory body is funded, they will probably scratch their head before replying that they think it is some sort of state-funded grant.

UK decides to cut bank profit tax surcharge

UK banks enjoyed some good news following the decision by new finance minister, Jeremy Hunt, to cut the 8% levy on lender’s profits to 3% in a move to try and keep the country’s finance sector globally competitive.

FDIC’s Groenberg focused on bank vulnerabilities to potential economic downturn

Bank vulnerabilities that could be triggered by a US economic downturn, climate change along with a review of the bank merger process, crypto-asset risks and Basel III capital rules are among the Federal Deposit Insurance Corporation’s (FDIC) top priorities.

CFTC thanks UK’s FCA for co-operation on investigation

The UK Financial Conduct Authority (FCA) has been praised by the Commodity Futures Trading Commission (CFTC) for helping it in an investigation related to oil derivatives trades, saying that the move demonstrated the criticality of cross-border co-operation to ensure the integrity of US and foreign markets.

Financial firms call on UK and Switzerland to speed up trade negotiations

UK and Swiss financial firms are calling on their respective governments to forge a ground-breaking deal on financial services to spur more cross-border business between the two jurisdictions.

Three Singapore market operators exempted from CFTC swap requirements

Three Singapore-authorised Recognized Market Operators (RMOs) have been exempted from US swap execution facility (SEF) registration requirements by the Commodity Futures Trading Commission (CFTC).