Lexology PRO | Australia, Canada, European Union, etc. | 14 Jun 2022
The embattled BNPL sector faces a complicated mix of surging demand from desperate shoppers, unstable share prices and expanding regulation. Will it survive the cost-of-living crisis?
Lexology PRO | United Kingdom | 13 Jun 2022
The Bank of England has found “shortcomings” in three major UK banks’ resolution plans, despite finding those same banks are no longer “too big to fail”.
Lexology PRO | United Kingdom | 2 Jun 2022
A senior figure at the UK’s Prudential Regulation Authority has told banks that operational resilience should now be a “major consideration” in their investment programmes and that their mapping should “rapidly become more sophisticated”.
Lexology PRO | Singapore | 1 Jun 2022
The second largest bank in Southeast Asia has been ordered to raise its regulatory capital over following criticism from Singapore’s regulator of its scam response.
LNT & Partners | Vietnam | 3 May 2022
The global financial crisis caused the collapse of many financial and banking institutions and has adversely affected the system of Vietnamese credit institutions. By the end of 2021, the Vietnamese market was met with liquidity issues. In light of such adverse circumstances, an urgent goal was set: the restructuring and reorganisation of poor performing credit institutions to deal with bad......
Lexology PRO | Global, USA | 14 Apr 2022
The International Monetary Fund has warned about emerging risks and urged regulators to reinforce the rules regarding fintech development.
Lexology PRO | Asia-Pacific, Australia, Canada, etc. | 21 Mar 2022
President Biden issues an executive order on digital assets, Australia issues an AUD$20 million fine for overcharging consumers, and UK regulators report on the risks of using AI in financial services – plus other key updates.
Lexology PRO | Asia-Pacific, Australia, Canada, etc. | 1 Feb 2022
How to make CBDCs more user-friendly, secure, and internationally aligned, are some of the focal areas as central banks around the world explore issuing digital currencies.