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Conyers

The New Cayman Islands Beneficial Ownership Regime is Now in Force

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The Beneficial Ownership Transparency Act, 2023 (the “BOT Act”) is now in force. The BOT Act was gazetted in December 2023 and was brought into force on 31 July 2024 by the BOT Act Commencement Order. The new Beneficial...more

Mayer Brown

Interview with Jason Cave, Former Regulator Turned Industry Adviser

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Matt Bisanz interviews former financial regulator Jason Cave to discuss developments in resolution and recovery planning, as well as trends in third-party risk management....more

Mayer Brown

US Regulators Propose Data Standards to Implement the Financial Data Transparency Act

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Several federal financial regulators (the “Agencies”) have approved and published an interagency proposal to establish data standards that promote interoperability of financial regulatory data across these agencies (the...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 38: The FUTURES Act and Modernizing Financial Regulation

The FUTURES Act, a bipartisan legislative initiative recently reported by the House Financial Services Committee as part of a larger financial institutions legislative package, aims to foster technological modernization...more

Conyers

Regulatory & Risk Advisory Review: Cayman Islands – January to March 2024

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Welcome to the first instalment of 2024 of our Cayman Islands Regulatory & Risk Advisory Review. As we cover in this issue, there have been a number of updates in the first quarter of the year. Perhaps most notably is the...more

Conyers

Regulatory & Risk Advisory Outlook 2024: Cayman Islands

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2023 was an active year for the Cayman Islands regulatory industry. While we have endeavoured to keep you updated throughout the year with our Regulatory & Risk Advisory Reviews, our team has highlighted below the key changes...more

Conyers

Challenges of Taking Security over the Shares of a Licensed Insurer

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Our insurance finance practice continues to grow at pace and is now regularly called on by clients to assist on credit facilities being put in place for Cayman licenced insurers. Traditionally the transactions and facilities...more

Davis Wright Tremaine LLP

Banking and Consumer Regulatory Digest - December 2023

Editor's Note - The following newsletter provides a roundup summarizing enforcement actions, guidance, rulemakings, and other public statements taken by a federal and/or state financial services regulatory agency,...more

Conyers

Debunking Common Cayman Clichés: Episode 1 – CIMA

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Part and parcel of practising law in the Cayman Islands regularly involves dispelling commonly held but mistaken myths around Cayman as an international jurisdiction. One such misconception which inexplicably persists in some...more

Goodwin

New York CRPTO Bill Would Prohibit Many Digital Asset Activities and Impose Sweeping Market Structure Changes

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On May 5, 2023, New York Attorney General Letitia James released a bill for consideration by the New York State Legislature that would implement comprehensive and far-reaching regulation of digital asset activities in the...more

Latham & Watkins LLP

Regulators Are Setting Sights on Crypto Market Manipulation

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Multiple U.S. government agencies have pursued a stream of enforcement actions in the digital asset industry in recent years. In fiscal year 2022, 20% percent of the enforcement actions brought by the Commodity Futures...more

Holland & Knight LLP

La URF publica su Agenda Regulatoria para el año 2023 en Colombia

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La Unidad de Regulación Financiera (URF) de Colombia publicó la versión definitiva de la Agenda Regulatoria de la entidad para el año 2023. El documento define las principales temáticas que serán objeto de desarrollo...more

WilmerHale

FTX Bankruptcy - What Could Be Next for the Industry?

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One of the world’s largest cryptocurrency exchanges - FTX Trading Ltd. - and many of its affiliates filed for bankruptcy earlier this month. While the full impact of the FTX bankruptcy is not yet clear, various responses from...more

Skadden, Arps, Slate, Meagher & Flom LLP

Cryptoasset Seizures and Forfeitures: US and UK Enforcement Overview

Regulatory scrutiny of the use and management of cryptocurrency and other digital assets such as utility tokens and non-fungible tokens (NFTs) (collectively, cryptoassets) is rapidly growing on both sides of the Atlantic....more

Mintz

Political Criticism by Congressional Republicans of SEC Proposal on Mandatory Climate Disclosures

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The SEC has received two comment letters from members of Congress--one from the House of Representatives and one from the Senate--criticizing its proposal for mandatory climate disclosures....more

Latham & Watkins LLP

2021 Digital Asset Regulatory Lookback (US Edition)

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Popular and institutional interest in digital assets, decentralized applications, NFTs, and blockchain technology skyrocketed, and regulators sprinted to catch up. For the digital asset markets, 2021 was a banner year....more

Eversheds Sutherland (US) LLP

Focus on Fintech: Stablecoins: Some Recent US Regulatory Developments

During the past six months, the US Treasury, the US banking agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have pursued several regulatory or enforcement initiatives...more

Goodwin

SEC Announces Annual Regulatory Agenda

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In This Issue. Several federal financial regulatory agencies updated their Spring 2021 regulatory agendas; the Consumer Financial Protection Bureau (CFPB) announced its intention to restart Military Lending Act examinations;...more

Clark Hill PLC

2021 Financial Services Priorities: Fairness and Equality

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Kevin Kelly, leader of Clark Hill’s Government and Regulatory Affairs Group, stops by Credit Eco to Go with Joann Needleman to discuss the changes in Washington and what financial services entities need to do to prepare for...more

White & Case LLP

Financial Regulatory Observer - December 2019: Securitization set to come of age in NPL resolution quest

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Refinements to the regulatory framework are needed before banks can make widespread use of securitization by European banks. Volumes of non-performing loans (NPLs) European banks have halved since 2015, driven by an...more

A&O Shearman

SEC Proposes Modifications to Cross-Border Application of Security-Based Swaps Regime

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The Securities and Exchange Commission (SEC) continues to take steps toward implementation of its security-based swap (SBS) dealer registration framework. A particular area of concern for market participants has been how the...more

White & Case LLP

Financial Regulatory Observer – March 2019: Navigating uncertainty: Corporate governance for foreign banks in the US

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With the regulatory agenda for the US operations of foreign banks in a state of flux, Kevin Petrasic, Paul Saltzman, Glen Cuccinello, Will Giles and Alexander Abedine of global law firm White & Case provide a map to help...more

Latham & Watkins LLP

UK Cryptoassets Taskforce Publishes its Final Report

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The Taskforce’s final report outlines the UK’s policy and regulatory approach to crypto-assets and distributed ledger technology in financial services. Key Points: ..The Report provides an overview of crypto-assets and...more

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