- Embracing Change
- Litigation risk makes for a bumpy ride from LIBOR to risk free rates
- The EU preventative restructuring framework – harmony or discord?
- Proposed EU regulation and directive on European crowdfunding service providers
- Anti-money laundering in the UK & US: Looking ahead
- Regulatory, Compliance & Investigation Solutions (RC&I Solutions)
- Diversity and culture, and the FCA’s approach to non-financial misconduct
- European strategy for Impact Financing – a brief overview
- Dos and don’ts when applying for a license as a financial institution
- Listening when sanctions regulators speak
- Beyond Brexit – Regulatory equivalence
- Changes to deemed dividend rules bring good news for secured creditors
- China’s New Foreign Investment Law: the impact on financial institutions
- The Dawn of the Open Era: Open Banking in Asia-Pacific
- Mexican FinTech Law
- The new Italian FinTech initiatives
- Open everything and improved security: life after PSD2
- Despite growing scrutiny and enforcement in the cryptocurrency space, regulatory uncertainty remains
- PSD2 & GDPR: an opportunity for the African mobile payment business?
- Stablecoins - strong and stable?
- U.S. changes from the top
- Keeping up with FinTech
- Changing your payments
- Taking blockchain mainstream
- Future-proofing cybersecurity and data privacy
- Getting to grips with MiFID II
- Financial crime awareness
- Life after LIBOR
- Changes for loan portfolios
- Alternative finance: A fresh approach
- Internationalization of the Renminbi
Embracing Change
By Sharon Lewis, Head of Financial Institutions
We regularly hear from clients and colleagues alike that there has never been a more challenging time to be operating in the financial institutions sector. Across the world, market volatility, trade wars, populism, digitalisation, environmental issues and regulation are bringing about a new era of change. The question is, how do we address – and even embrace – this change and how do we make the most of the opportunities that change brings?
More than 10 years after the collapse of Lehman, regulators are continuing their work to make the financial world a safer place. In this edition we look at some of the developments – from the move away from IBOR to risk-free reference rates and the potential litigation risk that follows, to the increasing challenges financial institutions face in meeting compliance requirements ranging from AML and sanctions, to diversity and culture. Keeping track of change can be difficult; our Regulatory, Compliance and Investigation Solutions tool has been designed to help clients keep on top of their compliance risks.
Following the theme of convergence and divergence, we look at the new EU Directive on preventative restructuring frameworks which is part of the EU capital markets union, and at some of the issues Brexit raises for financial institutions. We also discuss some of the encouraging signs that markets are opening up - from PSD2 in the EU to open banking in Asia-Pacific and the new Foreign Investment Law in China.
Sustainable and impact finance is a fast growing area as regulators and the financial institutions sector react to climate change. Law, regulation, policy and practice and market recommendations on a national level and EU level look set to increase.
Technology and innovation continue to shape the sector, with regulators encouraging innovation both from FinTechs and from the more traditional banking sector. We’re also witnessing the development and increasing usage of cryptocurrencies. Whether these developments will bring new levels of regulation remains to be seen but certainly there is clear evidence that regulators are starting to think hard about these topics. Whatever the outcome, the new technologies being developed and used in our business will shape all our futures.
Here we’ve collected a global snapshot of topics on the horizon which we think will help shape your next 12 months. You will also find lawyers associated with each topic, please contact them if you want to discuss anything further.
