BankingApplication EU Taxonomy Regulation Financial Market ParticipantsNovember 1, 202336Since 2020, the EU has adopted several new environmental, social and governance (ESG) regulations. For financial market participants (FMP), the...
BankingCFPB Proposes Financial Data And Open Banking Rule – Consumer LawOctober 31, 202338On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking to implement Section 1033...
MoneyU.S., EU Authorities Step Up Efforts To Crackdown On Sanctions ViolationsOctober 9, 202345The U.S. and its European allies have recently ramped up their enforcement actions against individuals accused of circumventing sanctions against...
CurrenciesRevolut attracts FCA scrutiny over red-flagged accountsOctober 2, 202336Revolut has attracted scrutiny from the UK’s Financial Conduct Authority over red-flag accounts that were restricted by the National Crime...
FundsNew SEC Rules Create Additional Requirements For Investment Advisers To Private Funds – Investment StrategySeptember 11, 202325On August 23, 2023, the SEC adopted new rules under the Investment Advisers Act of 1940 (the "Advisers Act"). While...
CryptocurrencyThe week in GRC: EU and GRI make progress on climate reporting and FASB adopts cryptocurrency accounting ruleSeptember 8, 202343– Reuters (paywall) reported that the European Financial Reporting Advisory Group (EFRAG) and GRI said they have reached a ‘milestone’...
CryptocurrencySumsub launches free crypto Travel Rule solutionSeptember 1, 202332UK-based security and transaction monitoring solutions provider Sumsub has launched a free trial of its crypto Travel Rule solution. Starting...
MoneyFFIEC BSA/AML Exam Manual Updates—Implications For Banks – Money LaunderingAugust 31, 202342The Federal Financial Institutions Examination Council (FFIEC) released the fifth phase of updates to the FFIEC Bank Secrecy Act/Anti-Money Laundering...
FundsSEC Enacts Wide-Sweeping Private Funds Rules – Investment StrategyAugust 31, 202333On August 23, 2023, the U.S. Securities and Exchange Commission (SEC) announced1 the enactment of a series of new and ...
FinanceSEC’s New Private Fund Rules Divide Industry Players – Fund FinanceAugust 29, 20233229 August 2023 Morrison & Foerster LLP To print this article, all you need is to...