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Since open banking was first implemented in the UK through the PSD2 and the Open Banking Standard in 2018, jurisdictions around the world have adopted their own approaches, and the concept has gained momentum internationally. [read post]
16 Nov 2021, 4:28 pm by Race to the Bottom
In terms of financial intermediaries, Massad asserts that the lack in standards for trade executions, fraud prevention, and conflicts of interest exemplifies the lack of regulation and fails to protect investors. [read post]
If passed, the Bill will expand and replace the current Banking Executive Accountability Regime (BEAR) under the Banking Act 1959 (Cth) and extend BEAR-like accountability requirements to registrable superannuation entities and regulated insurers. [read post]
16 Nov 2021, 10:58 am by Evan Schwartz
Standard business insurance policies often exclude losses from employee theft, leading some vulnerable companies to purchase crime and fidelity insurance. [read post]
16 Nov 2021, 9:40 am by Lina Angelici
PRESENTATION OF DISCLOSURES The new rule is designed to produce standardized board diversity statistics that are comparable across companies. [read post]
16 Nov 2021, 9:13 am by Lawyers' Rights Watch Canada
Meng be extradited to the US on bank “fraud” charges related to US economic sanctions against Iran. [read post]
15 Nov 2021, 6:23 am
Public ownership of shares is, in many ways, the essence of modern capitalism — which, along with the rule of law, has been responsible for the spectacular growth in global living standards over the past 200 years. [read post]
15 Nov 2021, 4:26 am by Peter Mahler
From what I see in the court record, it appears that Kinyk’s counsel did not submit a memorandum of law addressing the merits of Kinyk’s claims for which she sought summary judgment, instead limiting her brief to a discussion of the standard for granting leave to renew. [read post]
15 Nov 2021, 4:03 am by Joseph Kim
Investment banking pays out very handsomely at the highest levels. [read post]
14 Nov 2021, 3:37 pm by Stuart Kaplow
Already the U.S. banking industry is signaling its willingness to consider ESG when underwriting lending. [read post]
14 Nov 2021, 11:59 am by Eugene Volokh
And that is especially troublesome in an environment where people's success in pressuring one agency to impose such ideological standards may easily lead to more such pressure on other agencies as well. [read post]
12 Nov 2021, 12:20 am by Tessa Shepperson
This survey will inform this work and help us to further understand the difficulties individuals face when renting, letting or enforcing property standards in the Private Rented Sector. [read post]
10 Nov 2021, 8:55 pm by Simon Lovegrove (UK)
Granting the Bank of England general rulemaking powers over central counterparties and central securities depositories, where they currently have only limited rulemaking powers. [read post]
10 Nov 2021, 8:45 pm by Simon Lovegrove (UK)
On 9 November 2021, the European Banking Authority (EBA) published its final report on draft regulatory technical standards (RTS) specifying the information that crowdfunding service providers offering individual portfolio management of loans shall provide to investors in relation to the method to assess credit risk, and on each individual portfolio. [read post]
10 Nov 2021, 8:40 pm by Simon Lovegrove (UK)
On 9 November 2021, it was announced that the FICC Markets Standards Board (FMSB), the Bank of England (BoE) and the FCA had signed a tri-party memorandum of understanding (MoU). [read post]
10 Nov 2021, 8:40 pm by Simon Lovegrove (UK)
On 9 November 2021, the European Banking Authority (EBA) published a final report containing guidelines on recovery plan indicators. [read post]
9 Nov 2021, 8:45 pm by Hannah Meakin (UK)
A tier 2 CCP will be required to meet specific UK standards under the onshored European Market Infrastructure Regulation (EMIR) and will be subject to direct supervision by the BoE. [read post]
9 Nov 2021, 8:45 pm by Hannah Meakin (UK)
A tier 2 CCP will be required to meet specific UK standards under the onshored European Market Infrastructure Regulation (EMIR) and will be subject to direct supervision by the BoE. [read post]