News & Analysis as of

G20 Financial Institutions

Sheppard Mullin Richter & Hampton LLP

FSB Highlights Vulnerabilities Crypto-assets for Global Financial System

On July 11, the Financial Stability Board (FSB) published a letter sent to G20 finance ministers and central bank governors outlining concerns over the rapid growth in crypto-assets and vulnerabilities facing the global...more

Hogan Lovells

UK imposes mandatory climate-related financial disclosures – a first in the G20

Hogan Lovells on

In the wake of COP26, the UK has become the first G20 country to enshrine into law mandatory climate-related financial disclosures. The two new statutory instruments, The Companies (Strategic Report) (Climate-related...more

Hogan Lovells

Financial institutions general regulatory news, April 2021 # 2

Hogan Lovells on

Financial Guidance and Claims Act 2018 (Commencement No 7) Regulations 2021 - The Financial Guidance and Claims Act 2018 (Commencement No. 7) (Dissolution of the Consumer Financial Education Body) Regulations 2021 (SI...more

Jones Day

G20 Debt Relief for Developing Countries—Less Simple than it Appears - The G20 agreement provides immediate relief to low-income...

Jones Day on

The COVID-19 crisis has placed extraordinary pressures on the global financial system. The impact on developing countries—particularly in Africa—is dramatic, creating sudden and unexpected risks for states and investors. Oil...more

White & Case LLP

The G20 Debt Service Suspension Initiative – Reaction from Key Market Participants

White & Case LLP on

In response to the COVID-19 "call to action" from the World Bank and the IMF, the G20 announced a debt service suspension initiative (the "DSSI") on 15 April, supporting an NPV-neutral, time-bound suspension of principal and...more

A&O Shearman

Financial Stability Board Consults on Global Stablecoins

A&O Shearman on

The Financial Stability Board has launched a consultation on global stablecoin arrangements. The consultation is in response to the G20 mandating the FSB to analyze potential regulatory issues posed by global stablecoins and...more

Latham & Watkins LLP

FSB Launches Consultation on Global Stablecoins

Latham & Watkins LLP on

The report encourages the G20 to consider a broad set of supervisory principles when evaluating global stablecoin arrangements. On April 14, 2020, the G20’s Financial Stability Board (FSB) published a consultation on the...more

A&O Shearman

Financial Stability Board Publishes Letter to G20 Ministers on Effect of Reforms and Future Work

A&O Shearman on

The Financial Stability Board has published a letter to G20 Finance Ministers and Central Bank Governors describing the progress of post-financial crisis reforms and key focus areas for the future. Over the past ten years,...more

A&O Shearman

Financial Stability Board Publishes Report on Decentralized Financial Technologies

A&O Shearman on

The Financial Stability Board has published a report on the use of decentralized financial technologies and the implications these may have for financial stability, regulation and governance. The report has been delivered to...more

Ballard Spahr LLP

International Report Critiques U.S. Beneficial Ownership Transparency

Ballard Spahr LLP on

Last week, Transparency International (“TI”) released an updated assessment of the “beneficial ownership legal frameworks” in the G20 countries, entitled “G20 Leaders or Laggers?” ...more

A&O Shearman

Financial Stability Board Publishes Assessment Methodology for the Key Attributes of Effective Resolution

A&O Shearman on

The Financial Stability Board published methodology for assessing the implementation of the Key Attributes of Effective Resolution Regimes for financial institutions in the banking sector...more

King & Spalding

Senators Urge President Obama To Raise Cybersecurity During G20 Summit

King & Spalding on

In advance of the 2016 Group of 20 (“G20”) Summit, which convened in Hangzhou, China, on September 4 and 5, several Democratic Senators sent a letter to President Obama urging him to make cybersecurity a priority. The...more

McGuireWoods LLP

OECD Releases Final BEPS Recommendations – Now What?

McGuireWoods LLP on

On Oct. 5, 2015, the Organization for Economic Cooperation and Development (OECD) released a set of final reports on its 15 point action plan to address Base Erosion and Profit Shifting (BEPS). In an accompanying explanatory...more

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