This article, updated quarterly, looks ahead to the areas expected to be prioritized by financial services regulators across the globe; we look at the key regulatory trends emerging from the past year which inform our...more
5/14/2024
/ Artificial Intelligence ,
Banking Sector ,
Climate Change ,
Crisis Management ,
Cryptoassets ,
Disclosure Requirements ,
Diversity and Inclusion Standards (D&I) ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Greenwashing ,
Legislative Agendas ,
Popular ,
Regulatory Agenda ,
Reporting Requirements ,
Risk Management ,
Strategic Planning ,
UK
On 6 November 2023, the UK Financial Conduct Authority ("FCA") set out proposals for its regulation of fiat-backed stablecoins ("DP 23/4"). DP 23/4 invites stakeholders to provide feedback by 6 February 2024....more
11/27/2023
/ Banking Sector ,
Cryptoassets ,
Cryptocurrency ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FSMA ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins ,
UK
Our M&A lawyers predict a new wave of technology sector M&A centered on the consolidation of existing market participants, together with investors taking advantage of lower valuations to acquire strategic stakes in scaleable...more
The fintech landscape continues to evolve at speed. Recently it has faced various setbacks including a cooling of appetite for crypto risk and a tightening in the VC funding market. But the forces of innovation propelling...more
On Monday March 13, 2023, the Bank of England announced that Silicon Valley Bank UK Limited has been sold to HSBC UK Bank Plc. The situation remains fluid, and the following Q&A reflects our understanding as of Monday...more
3/14/2023
/ Acquisitions ,
Bank of England ,
Banking Sector ,
Banks ,
Deposit Insurance ,
Depository Institutions ,
Financial Institutions ,
Financial Services Industry ,
HSBC ,
Insolvency ,
Silicon Valley ,
UK
On Friday March 10, 2023, the Bank of England moved to put the UK arm of Silicon Valley Bank into insolvency after it applied for £1.8bn of liquidity as its parent company was collapsing. The situation remains fluid, and the...more
3/13/2023
/ Bank of England ,
Banking Sector ,
Banks ,
Deposit Accounts ,
Deposit Insurance ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
Insolvency ,
Receivership ,
Silicon Valley ,
UK
Challenges and opportunities in the US, UK and Europe -
"Many Fintechs that previously avoided bank-like regulation in the US are now actively seeking that status."
The digital revolution was well underway long before most...more
11/17/2021
/ Banking Sector ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Digital Services ,
EU ,
Financial Services Industry ,
FinTech ,
Licenses ,
Popular ,
Sandbox ,
Technology Sector ,
UK
It has been a period rife with notable shifts on the global stage; a new administration in the US, the end of the Brexit transition period and the reaching of key milestones in the discontinuation of LIBOR, to name but a few....more
11/16/2021
/ Banking Sector ,
Biden Administration ,
Climate Change ,
Cross-Border ,
Department of Labor (DOL) ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Libor ,
OCC ,
Regulatory Oversight ,
Sustainability ,
UK
Current rules fall short of providing a clear framework for a single European market for fintech companies.
The development of a single market for fintech has recently been placed at the center of the EU financial...more
1/2/2020
/ Anti-Money Laundering ,
Banking Sector ,
Consumer Protection Laws ,
Cross-Border Transactions ,
EU ,
EU Single Market ,
European Banking Authority (EBA) ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinTech ,
Member State ,
Passporting
On 18 July 2019 the European Banking Authority (EBA) published a report on the EU regulatory perimeter, national regulatory status and EU national regulators' (NCAs') authorisation approaches for FinTech firms conducting...more
7/25/2019
/ Banking Sector ,
Capital Requirements Directive IV (CRDIV) ,
Crowdfunding ,
Cryptoassets ,
Electronic Payment Transactions ,
EMD2 ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
FinTech ,
NCAs ,
Payment Services Directive ,
Popular ,
PSD2 ,
Regulatory Oversight