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IR Global

Pound stumbles as UK wage growth cools

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The pound ticked lower on Thursday as the UK’s latest jobs report revived the potential of a Bank of England (BoE) interest rate cut next month. Sterling remains on the back foot so far this morning, with GBP/EUR subdued...more

A&O Shearman

UK Regulators Consult on Digital Securities Sandbox

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On April 3, 2024, the Bank of England and U.K. Financial Conduct Authority published a joint consultation paper on proposed rules for the incoming digital securities sandbox. The Financial Services and Markets Act 2023...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, March 15, 2024

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March 14, 2024- The Federal Reserve Bank of Boston published a working paper entitled, "The Conundrum of Zero APR: An Analytical Framework." March 13, 2024- Consumer Financial Protection Bureau Director Rohit Chopra...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, February 8, 2024

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February 7, 2024- The U.S. Department of the Treasury published the 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing....more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, February 6, 2024

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February 5, 2024- The American Bankers Association, the U.S. Chamber of Commerce, Independent Community Bankers of America, Texas Bankers Association, Independent Bankers Association of Texas, Amarillo Chamber of Commerce...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, December 15 2023

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December 14, 2023 - FSOC Issues Annual Report- The Financial Stability Oversight Council released its 2023 annual report reviewing financial market developments, describing potential emerging threats to U.S. financial...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday, December 11, 2023

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December 8, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Connecting Communities: Building Innovation Ecosystems Across...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, December 8, 2023

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December 7, 2023- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) and Banking Committee Republicans are calling on Federal Deposit Insurance Corporation Chairman Martin...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, December 6, 2023

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December 5, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled, "Fostering Financial Innovation: How Agencies Can Leverage...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, November 23, 2023

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November 22, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency announced that they will extend until January 16, 2024, the comment period on their...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, November 22, 2023

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November 21, 2023- The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has settled with Binance...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, November 18, 2023

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November 16, 2023- The Federal Deposit Insurance Corporation Board of Directors approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, November 16, 2023

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November 15, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), and Senator Cynthia Lummis (R-WY) led a letter with a bipartisan group of colleagues to the prudential regulators—the Office of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, November 11, 2023

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November 10, 2023- The Federal Reserve Bank of New York published a staff report entitled, "The Optimal Supply of Central Bank Reserves under Uncertainty." November 10, 2023- The Federal Reserve Bank of New York...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, November 8, 2023

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November 7, 2023- The Consumer Financial Protection Bureau is proposing to use its larger participant authority to supervise nonbank companies that offer services like digital wallets and payment apps....more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, November 7, 2023

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November 6, 2023- The Bank of England, Prudential Regulation Authority, and UK Financial Conduct Authority published their proposed approach to innovation in payments, money and money-like instruments. The proposals are...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, November 3, 2023

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November 2, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Ensuring Financial Protection for Servicemembers, Veterans, and Their Families." November 2, 2023- The U.S....more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, October 25, 2023

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October 24, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency jointly issued a final rule to modernize regulations implementing the Community Reinvestment...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, October 19, 2023

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October 18, 2023- The Federal Deposit Insurance Corporation Office of Inspector General published a report entitled, "FDIC Strategies Related to Crypto-Asset Risks" with the FDIC staff noting guidance forthcoming by...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, October 17, 2023

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October 16, 2023- The U.S. Department of the Treasury and the Cyber Security Council of the United Arab Emirates announced the finalization of a bilateral Memorandum of Understanding on Cybersecurity Cooperation during a...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, October 13, 2023

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October 12, 2023- The Consumer Financial Protection Bureau and Justice Department issued a joint statement that reminds financial institutions that all credit applicants are protected from discrimination on the basis of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday, October 3, 2023

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October 2, 2023- U.S. Department of the Treasury Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg gave remarks at the Association of Certified Anti-Money Laundering Specialists Assembly...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, September 30, 2023

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September 29, 2023- The U.S Department of the Treasury released a report prepared in consultation with members of the Financial Literacy and Education Commission, entitled The Impact of Climate Change on American Household...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, September 29, 2023

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September 28, 2023- The U.S. House Committee on Small Business Subcommittee on Rural Development, Energy, and Supply Chains held a hearing titled "Energy Independence: How Burdensome Energy Regulations are Crushing Small...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, September 20, 2023

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September 19, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Oversight of the SEC's Division of Investment Management."...more

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