FSR and Corporate Crime Notes

UK Tough Legacy Taskforce recommends LIBOR legislative fix: key risks and next steps

The month ahead in financial services regulatory developments…

Will CBDCs be the public sector response to GSCs in the UK and EU?

FCA consultation on proposed guidance for payments firms: COVID-19 and safeguarding customer funds

After highlighting payment services as a priority in its 2020/21 business plan and following “evidence that some firms have not implemented the …

Payment Systems Regulator focuses on innovation in payments with the New Payments Architecture

Genevieve Marjoribanks, Head of Policy at the Payment Systems Regulator (PSR), delivered an insightful speech to the Westminster Business eForum this …

Hong Kong SFC and HKMA to embark on thematic review on spread charges and client disclosure

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have announced that they will commence a concurrent thematic …

Addressing concerns around 'global stablecoins': FSB proposes an extensive regulatory framework

First published on Thomson Reuters Regulatory Intelligence on 13 May 2020 In April, the Financial Stability Board (FSB) published, in response to a …

OFAC, State Department, and Coast Guard Issue New Guidance About Sanctions Evasion Practices in Shipping Industry

On May 14, 2020, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the US Department of State, and US Coast Guard issued a …

ISDA releases report explaining final results of LIBOR consultation on pre-cessation fallbacks: the nuance behind the consensus

COVID-19: Temporary bans on short selling in the EU come to an end

Those national regulators in the EU which had put in place temporary restrictions on any short selling of securities admitted to trading on regulated …

Hong Kong SFC and Competition Commission sign MoU to strengthen cooperation

On 28 April 2020, the Hong Kong Competition Commission (HKCC) and the Securities and Futures Commission (SFC) announced that they had signed a memorandum …

Corporate Crime update - Spring 2020