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Banking Industry Regulatory Update, September 2012

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1. INTRODUCTION .... 1

2. BANKING SUPERVISION.... 1

3. CORPORATE GOVERNANCE.... 2

4. REMUNERATION.... 7

5. FINANCIAL TRANSACTIONS TAX.... 10

6. RETAIL BANKING AND PAYMENT SERVICES .... 11

7. CAPITAL.... 14

8. LIQUIDITY REQUIREMENTS.... 18

9. STRESS TESTING.... 20

10. CLIENT MONEY.... 21

11. FINANCIAL REPORTING .... 25

12. SPECIAL RESOLUTION REGIME .... 25

13. SPECIAL ADMINISTRATION REGIME.... 26

14. PRODUCT INTERVENTION .... 27

15. OTC DERIVATIVE REFORM.... 28

16. REVIEW OF THE MARKET IN FINANCIAL INSTRUMENTS DIRECTIVE (“MiFID”).... 30

17. FINANCIAL SERVICES COMPENSATION SCHEME.... 31

18. COMPLAINT HANDLING.... 32

19. INDIVIDUAL ACCOUNTABILITY.... 33

20. REGULATION OF SHADOW BANKS.... 34

21. INTER-BANK PAYMENT SYSTEMS.... 35

20. CODE OF TAX CONDUCT .... 36

21. EUROPEAN BANKING REFORM.... 37

22. UNITED KINGDOM REGULATORY REFORM.... 38

23. EUROPEAN REGULATORY REFORM.... 44

Please see full Alert below for further information.


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Published In: Finance & Banking Updates, International Law & Trade Updates, Tax Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

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