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Policy Statement Financial Regulatory Reform Banking Sector

A&O Shearman

Bank of England policy statement and statement of policy on commercially reasonable payments in a statutory tear up in CCP...

A&O Shearman on

The Bank of England has published a statement of policy setting out its approach to determining commercially reasonable payments to clearing members whose contracts are subject to a statutory tear up in CCP resolution,...more

Proskauer Rose LLP

FCA to Introduce Reforms to UK Overdraft Market

Proskauer Rose LLP on

On 7 June 2019, the Financial Conduct Authority (“FCA”) confirmed that it is introducing reforms in relation to the overdraft market, set out in its policy statement PS19/6. The aim of these reforms is to make overdrafts...more

Ballard Spahr LLP

CFPB to look to state AGs for more leadership in enforcement arena

Ballard Spahr LLP on

In remarks yesterday at the winter meeting of the National Association of Attorneys General in Washington, D.C., Mick Mulvaney indicated that the CFPB will be looking to state attorneys general for “much more collaboration...more

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