Posted 14 Aug 2011
On 9 August the FSA published its consultation paper on Recovery and Resolution Plans. This alert provides a summary and commentary.
Independent Commission on Banking
Posted 13 Sep 2011
On 12 September the ICB published its Final Report. In this alert we provide an initial overview of the headline recommendations.
Death of Synthetic ABS?
Posted 06 Oct 2011
The SEC has proposed new Rule 127B under the Securities Act of 1933 implementing Section 621 of Dodd-Frank which could prohibit certain synthetic ABS structures.
Draft Volcker Rule
Posted 18 Oct 2011
On October 11, the FDIC, Federal Reserve and OCC issued the NPR to implement Section 619 of the Dodd-Frank Act. The compliance burden appears to be tremendous.
The Volcker Rule
Posted 08 Nov 2011
The Straw To Break The Swap Dealer's Back? The proposed rule's derivatives prohibitions overlap with, go beyond, and in some cases conflict with, the scope of Title VII.
FSB key attributes
Posted 10 Nov 2011
The FSB's final "Key attributes of effective resolution regimes" paper represents a missed opportunity to move towards a harmonised approach to the cross-border recognition of resolution.
Dutch Intervention Act
Posted 11 Nov 2011
New proposals enable shoring up of failing financial institutions and aim to avoid systemic danger to the financial sector in the Netherlands.
Peering Over The Hedge
Posted 15 Nov 2011
New SEC rule requires certain private fund advisers to disclose extensive information about the funds they advise, which could be a substantial undertaking.
Belgium announces reforms
Posted 06 Dec 2011
New government announces reforms to financial regulation and supervision.
Support measures for Italian banks
Posted 07 Dec 2011
New government moves to guarantee certain Italian bank liabilities.
UK Government responds to ICB report
Posted 20 Dec 2011
The Government endorses the ICB recommendations with some concessions and more to come on the detail. This alert provides an overview of the response.
New Dutch disclosure obligations
Posted 05 Jan 2012
A summary of amendments to Dutch regulations on disclosure obligations for cash settled instruments, put options and similar long positions
Challenges ahead for asset managers
Posted 12 Jan 2012
European asset managers face significant regulatory challenges in 2012. This briefing provides an overview of key regulations to note.
Sweeping changes for UK regulation
Posted 06 Feb 2012
The Financial Services Bill will lead to significant changes to the UK financial regulatory architecture.
LBIE client money: Supreme Court
Posted 29 Feb 2012
The Supreme Court's interpretation of the FSA's CASS rules will have a significant impact on investment firms' operations, as well as distributions from the LBIE estate.
Reorganising Spanish financial sector
Posted 29 Feb 2012
Royal Decree–Law 2/2012 includes measures on remuneration, accounting of losses and real estate exposure.
EC consults on bail-in measures
Posted 04 Apr 2012
Discussion paper issued on possible debt write-down tool in relation to the proposed Crisis Management Framework Directive.
CDS short selling: ESMA final report
Posted 27 Apr 2012
ESMA has published its final report of technical advice on CDS short selling of shares and sovereign debt. The report will now be submitted to the Commission.
US covered bond registrations
Posted 25 May 2012
This eAlert discusses some FAQs on registering the covered bond program of a non-US bank and compares certain key U.S. Federal regulatory regimes for foreign issuers issuing covered bonds in the United States.
Dutch Intervention Act
Posted 07 Jun 2012
Proposals to enable the Dutch authorities to intervene in the financial sector have been passed.
UK Independent Commission on Banking
Posted 22 Jun 2012
White Paper issued on implementing measures recommended by Sir John Vicker's ICB report.
EU Crisis Management Framework
Posted 02 Jul 2012
European Commission releases draft crisis management framework directive
New EC proposals for KIDS
Posted 09 Jul 2012
European Commission issues proposals on key information documents for investment products.
Proposed ban on certain investment schemes
Posted 29 Aug 2012
UK proposes ban on marketing unregulated collective investment schemes to retail investors
Approval of Royal Decree-Law 24/2012
Posted 06 Sep 2012
New rules on crisis management of Spanish credit institutions
The Liikanen Recommendations
Posted 02 Oct 2012
Proposals for reforming the structure of the EU banking sector published
UK FSA consults on client money
Posted 05 Oct 2012
Combined consultation and discussion paper published proposing significant changes to the client assets regime
UK Banking Reform Bill
Posted 19 Oct 2012
UK Treasury publishes draft legislation paving the way for a range of reforms to be implemented in the banking sector.
Italian short selling update
Posted 22 Oct 2012
Bank of Italy and CONSOB release instructions on how to comply with notification requirements from 1 November 2012.
FSB consults on recovery and resolution
Posted 08 Nov 2012
The FSB has published a consultation document aimed at making its Key Attributes requirements for G-SIFIs operational.
Posted 18 Dec 2012
Federal Reserve proposes U.S. territorial restrictions on large foreign banks
Resolution of G-SIFIs
Posted 24 Dec 2012
Bank of England and the Federal Deposit Insurance Corporation publish joint paper on resolving G-SIFIs.
UK Parliamentary Commission on Banking Standards
Posted 27 Dec 2012
First Report calls for strengthening of ICB's ring-fencing proposals
Revised Liquidity Rules for Banks
Posted 10 Jan 2013
Basel Committee issues full text of the revised Liquidity Coverage Ratio.
New US rules on depositor protection.
Posted 15 Feb 2013
The FDIC has issued new guidance and amended rules on depositor protection for UK customers at UK branches of US banks.
EU-level bonus cap edges closer
Posted 06 Mar 2013
European Council broadly endorses proposals for EU-level regulation to cap bankers' bonuses.
Resolution of SiFis
Posted 19 Jul 2011
On 19 July the Financial Stability Board published a consultation document on key attributes of effective resolution regimes. This alert provides a summary and commentary.