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FinTech Capital Requirements

Goodwin

UK Regulatory Capital Reforms: A Boost for Start-Up Founders and Venture Capital Investors?

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In its recent consultation [CP25/10: Definition of capital for FCA investment firms] (Consultation), the Financial Conduct Authority (FCA) has stated that it wants to amend its capital rules for investment firms — such as...more

A&O Shearman

New FCA work programme for 2025/26

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The UK Financial Conduct Authority (FCA) has published its work programme for 2025/26, alongside a press release summarising its approach to supporting the testing of innovative products and new firms. The work programme sets...more

Cadwalader, Wickersham & Taft LLP

Changes Afoot

As the new administration settles in, it has begun to catalyze significant changes in the bank supervisory and regulatory environment. The FDIC is the first mover in this effort. Longtime director and sometime Chairman Martin...more

Skadden, Arps, Slate, Meagher & Flom LLP

Trump 2.0 Could Mean a More Bank- and Fintech-Friendly Environment

Key Points - - New leadership at the financial regulatory agencies is likely to reverse some Biden-era rules and policy statements. - President-elect Trump’s picks are expected to make industry-friendly changes in a...more

A&O Shearman

European Banking Authority consults on draft technical standards on the prudential treatment of crypto-assets exposures

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The European Banking Authority has published a consultation paper on its draft Regulatory Technical Standards on the calculation and aggregation of crypto-exposure values under the Capital Requirements Regulation 3...more

Skadden, Arps, Slate, Meagher & Flom LLP

Bank Capital Standards for Cryptoasset Exposures Under the Basel Framework

On 17 July 2024, the Basel Committee on Banking Supervision (BCBS) finalized revisions to the prudential framework for banks’ exposures to cryptoassets. The revisions largely introduced additional requirements relating to the...more

Jones Day

Capital Relief for Software Assets: European Commission Amends Own Fund Requirements

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The Development: New Regulation (EU) 2020/2176 (the "Regulation") provides regulatory capital relief, allowing certain software assets to be considered when calculating Common Equity Tier 1 ("CET1") capital. It entered into...more

Latham & Watkins LLP

Open Finance: The Next Frontier in Fintech?

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Call for input: Industry needs to engage as the FCA moves forward on its transformative vision for open finance. Imagine a world in which you could access your bank accounts, credit cards, mortgage, pensions, savings...more

A&O Shearman

Financial Stability Board Publishes Final Report on Impact of Regulatory Reforms for SME Financing

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The Financial Stability Board has published its final report on the impact of financial regulatory reforms on the provision of financing to small- and medium-sized enterprises. The report follows the FSB’s consultation in...more

Robins Kaplan LLP

Financial Daily Dose 7.2.2019 | Top Story: OPEC Nations Cut Production into 2020

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OPEC nations met yesterday and agreed to continue their production cutting goals into 2020 in an effort to, according to the experts, “prop[] up prices while demand for oil is weakening”....more

Orrick, Herrington & Sutcliffe LLP

Federal Regulators Issue Key Guidance on Fintech Issues

On July 30, the U.S. Department of the Treasury ("Treasury") and the Office of the Comptroller of the Currency ("OCC") provided important guidance on a broad range of issues confronting the fintech industry. Treasury released...more

Ballard Spahr LLP

OCC to Accept Applications from Fintech Companies Seeking National Bank Charters

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The Office of the Comptroller of the Currency’s (OCC) announcement this week that it will begin accepting applications for special purpose national bank (SPNB) charters from financial technology (Fintech) companies represents...more

Katten Muchin Rosenman LLP

Corporate and Financial Weekly Digest, Featuring Topics on Broker/Dealer and UK/EU/Brexit Developments

BROKER-DEALER - SEC Releases Statement on Platforms Trading Digital Assets - On March 7, the Securities and Exchange Commission released an advisory regarding platforms used to trade digital assets. The SEC expressed...more

Goodwin

Financial Services Weekly News - March 2018

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Editor's Note - In This Issue. The Consumer Financial Protection Bureau (CFPB) issued a request for information regarding the consumer complaint reporting process, marking the sixth request in a series of RFIs; the House...more

A&O Shearman

Financial Regulatory Developments Focus - February 2018 #3

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In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

Latham & Watkins LLP

ECB Announces Support for Fintech Bank Applicants

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On 15 November 2017, the European Central Bank (ECB) published a newsletter containing an article on how the ECB is dealing with the increasing number of fintech bank applications. The ECB is the banking supervisor, alongside...more

Nutter McClennen & Fish LLP

Nutter Bank Report, September 2017

Federal Banking Agencies Propose Simplifications to Regulatory Capital Rules - The federal banking agencies have proposed amendments to their regulatory capital rules intended to simplify the capital treatment for mortgage...more

Vedder Price

The OCC Speaks: How FinTech Applications Will Be Reviewed

Vedder Price on

On March 15, 2017, the Office of the Comptroller of the Currency (the “OCC”) published for comment a draft supplement to the OCC’s existing Comptroller’s Licensing Manual providing detail on how the OCC will evaluate national...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Because we haven’t spilled enough ink on GE this week, Dealbook’s Common Sense column asks if GE’s decline (at least from a stock performance perspective) wasn’t so much Jeff Immelt’s doing as it was Jack Welch’s....more

Orrick, Herrington & Sutcliffe LLP

OCC to Move Forward with Considering Fintech Charter Applications

The OCC’s announcement to move forward considering fintech charter applications has potentially significant industry, policy and practical implications. This presentation explores industry reaction to the OCC’s decision,...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - Class Action Against Lending Club and WebBank Headed to Defeat - On Monday, January 31, 2017, a federal district court in the Southern District of New York granted a motion to...more

Ballard Spahr LLP

NYDFS, American Bankers Association Weigh In On OCC Fintech Charter Proposal

Ballard Spahr LLP on

The New York State Department of Financial Services (NYDFS) has come out strongly against an Office of the Comptroller of the Currency (OCC) proposal to grant national bank charters to financial technology (fintech)...more

A&O Shearman

Financial Regulatory Developments Focus - January 2017

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In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more

Troutman Pepper Locke

[Webinar] Should Your Fintech Company Apply for an OCC Charter? - January 24th, 12:00pm EST

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During this webinar, panelists will address whether a fintech company should apply, and what is involved in obtaining the proposed fintech OCC charter....more

Troutman Pepper Locke

OCC Adopts Final Rule On Receiverships for Uninsured National Banks

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On December 19th, the Office of the Comptroller of the Currency issued a final rule regarding how it will address receiverships of special purpose national banks which do not have deposits insured by the Federal Deposit...more

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