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Financial Institutions International Finance

Womble Bond Dickinson

Global Finance: Today’s Risks and Rewards in an Evolving Industry

Womble Bond Dickinson on

The global finance industry has been undergoing a significant shift in recent years, with investment patterns showing a slow but steady pivot towards Low Income, Lower Middle Income, and Upper Middle Income nations, as...more

Holland & Knight LLP

El Banco de Pagos Internacional anuncia prioridades del 2023 para su Centro de Innovación

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El Banco de Pagos Internacional (Bank for International Settlements o BIS) anunció recientemente las prioridades y principales enfoques de su Centro de Innovación para el año 2023, que pueden impactar a las instituciones...more

Hogan Lovells

World Bank investigations spike and highlight integrity risks in private sector development finance

Hogan Lovells on

Ignoring integrity risks in emerging markets when receiving financing from the World Bank Group (WBG) is about to become much riskier, as the WBG Sanctions System Annual Report for Fiscal Year 2022 (FY22) indicates. The...more

Conyers

Boosting African Fintech Investment

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New regulations in the British Virgin Islands are transforming the offshore centre into an international fintech hub — and African companies could benefit. Originally Published in African Legal....more

Latham & Watkins LLP

Equator Principles Update: EP4 and Projects in High-Income Countries

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The transition from EP3 to EP4, now postponed to October 1, 2020, will significantly impact projects in the United States and other high-income Designated Countries. The Equator Principles (EPs) were recently updated and...more

Vinson & Elkins LLP

How COVID-19 Is Affecting International Corruption And Financial Crime

Vinson & Elkins LLP on

The coronavirus pandemic continues to upend the global economy and is increasing compliance risks for businesses in the process. We have previously reported how COVID-19 is increasing risks relating to insider trading and...more

Orrick, Herrington & Sutcliffe LLP

L'Efficacia della clausola floor nei contratti di finanziamento

“Nel contratto di mutuo non è giuridicamente configurabile un tasso di interesse negativo che incida sul capitale mutuato. Conseguentemente, quando il tasso d’interesse sia stato pattuito in misura variabile, esso non può...more

A&O Shearman

Updated Equator Principles Finalized

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Updated Equator Principles with stronger standards and a broader scope were finalized in November 2019 and are set to come into effect in July 2020. ...more

BCLP

EP4 – New Horizon for Environmental and Social Responsibility in Project Financing

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The Equator Principles Association (“EPA”) recently released an updated draft of the Equator Principles (“EP4”) with the proposed revisions focusing on four areas: i) social impact and human rights; ii) climate change; ...more

White & Case LLP

Proposed Revisions to Equator Principles Released for Review

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The Equator Principles Association (EPA) has released the much-awaited draft text of Equator Principles 4 (EP4). Further consultation of the draft text will be coordinated by the EPA in July and August, and it is anticipated...more

Dechert LLP

OFAC Speaks Loudly, Carries a Bigger Stick

Dechert LLP on

After an unusually quiet year bringing enforcement cases in 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has assumed an unprecedented pace in 2019 – since January 31, OFAC has...more

Orrick - Finance 20/20

IIF Publishes Report on Key Findings from Survey on Use of Machine Learning in AML

Orrick - Finance 20/20 on

On October 19, the Institute of International Finance (“IIF“) published a report on machine learning in anti-money laundering (“AML“). The report, which isn’t publicly available, sets out a summary of the IIF’s key findings...more

Akin Gump Strauss Hauer & Feld LLP

FinCEN Releases Advisory for Banks, MSBs on Potentially Illicit Transactions with Iran

• On October 11, 2018, FinCEN released an advisory to help U.S. financial institutions better detect potentially illicit transactions related to Iran. • The advisory describes how Iran attempts to access the international...more

Pillsbury Winthrop Shaw Pittman LLP

A UK Version of OFAC?

The Office of Financial Sanctions Implementation ramps up enforcement activities in London - A new UK sanctions enforcement body with added civil enforcement tools is ramping up activities. ...more

A&O Shearman

US Federal Reserve Board Governor Delivers Remarks on Distributed Ledger Technology

A&O Shearman on

As part of remarks delivered at an Institute of International Finance panel on blockchain, US Federal Reserve Board Governor Lael Brainard addressed distributed ledger technology, noting that this technology may represent the...more

Morrison & Foerster LLP

The Big Picture: EU's Financial Regulation Offensive

In the aftermath of the financial crisis, the national and international response by legislators and regulators has been to substantially overhaul and increase financial regulation applicable to banks and other financial...more

Orrick - Finance 20/20

ESMA, ISDA, and FIA Europe Publish Capital Markets Union Responses

Orrick - Finance 20/20 on

The European Securities and Markets Authority (“ESMA”), the International Swaps and Derivatives Association (“ISDA”) and FIA Europe have published their responses to the European Commission’s Green Paper on Building a Capital...more

Skadden, Arps, Slate, Meagher & Flom LLP

"What Every General Counsel Needs to Know to Comply With New Bureau of Economic Analysis Reporting Requirements"

In 1976, Congress passed legislation requiring the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce to collect information on investment flows between the United States and foreign countries. Subsequently...more

Dorsey & Whitney LLP

Bitcoin - Big Bounce Back - Part Six

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The nature and prospects of “virtual currencies”, and bitcoin in particular, have been keenly debated. In early December 2013, Chinese government authorities took the first steps towards defining and regulating virtual...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review - January 6, 2014

CFTC Issues Time-Limited No-Action Letter Relating to Certain CDS Clearing-Related Swaps Executed Pursuant to a CDS Settlement Price Process - On December 31, CFTC issued a no-action letter providing time-limited...more

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