Latest news
EBA consults on updated SyRB guidelines to address climate risks under CRD VI
The European Banking Authority (EBA) has published a consultation paper proposing updates to existing guidelines (EBA/GL/2020/13) on the use of systemic risk buffers (SyRB) to address climate-related and broader environmental risks under Article 133 of the Capital Requirements Directive (CRD), as amended by CRD VI (Directive (EU) 2024/1619). The EBA notes that climate risks, both transition and physical, are expected to have a material impact on individual institutions and the wider financial...By: A&O Shearman
UK FCA responds to Treasury Committee on Leeds Reforms progress and priorities
The House of Commons Treasury Committee has published a letter (dated 21 January) from Nikhil Rathi, the Chief Executive of the UK Financial Conduct Authority (FCA), responding to the Committee's outstanding questions from the oral evidence session on 16 December 2025. Mr Rathi explains that the FCA is working at pace to deliver the Financial Services Growth and Competitiveness Strategy, including the Leeds Reforms, but that progress in several areas depends on legislation or government action....By: A&O Shearman
Get Ready for FinCEN's Residential Real Estate Rule Report Form
Key Takeaways - As set forth in alerts and advisories from the Financial Crimes Enforcement Network (FinCEN), illicit actors intent on laundering funds through residential real property often use legal entities and trusts to disguise their identities and make the proceeds of crime more difficult to identify. Nonfinanced residential real estate transactions involving transferees that are legal entities or trusts must be reported to FinCEN effective March 1, 2026....By: Perkins Coie
House of Lords Committee launches stablecoin inquiry
The House of Lords (Financial Services Regulation Committee) has announced the launch of an inquiry into the growth and proposed regulation of stablecoins in the UK. The Committee will examine the development of global and UK stablecoin markets (and its comparison to US and EU markets), expected future growth of sterling‑denominated stablecoins and the opportunities and risks posed to the UK economy, financial services sector, retail consumers and monetary policy....By: A&O Shearman
FCA Enforcement Watch and Beyond - Five Headline Trends for 2026
The FCA’s launch of its inaugural Enforcement Watch newsletter provides fresh visibility into the regulator’s enforcement caseload, priorities and approach. Coupled with the High Court’s recent two-part judgment endorsing the FCA’s decision to name a firm under investigation, the direction of travel is clear: transparency is now an embedded feature of the enforcement landscape....By: BCLP
Congress Enacts AI Provisions in Five-Bill Spending Package
On February 3, 2026, the House passed the Senate-approved fiscal year (FY) 2026 five-bill spending package (H.R. 7148) via a vote of 217-214, sending the measure to President Trump and ending the partial government shutdown....By: Akin Gump Strauss Hauer & Feld LLP
SEC, CFTC Launch Unified "Project Crypto"
On January 29, 2026, the SEC and CFTC jointly announced Project Crypto, transforming what had been an internal SEC initiative launched in 2025 into a landmark inter-agency collaboration to unify digital asset regulation in the United States. This expansion of Project Crypto into a joint effort directly addresses two longstanding problems that have plagued the digital asset industry: the persistent uncertainty about......By: Jenner & Block
HL UK Pensions Law Digest 6 February 2026
The Pension Schemes Bill continues to be considered by Committee in the House of Lords. Points of interest from the Minister of State (Baroness Sherlock) in debates on 22 January, 26 January and 3 February 2026 include the following....By: Hogan Lovells
Global economy proves resilient to geopolitical volatility, but key markets are threatened by shifts in international trade
The international restructuring landscape is evolving rapidly. In the EU, efforts to harmonize member states’ legal regimes continue. In the Middle East, maturing legal frameworks are creating greater certainty for international investors. In the U.S., bankruptcy rates are high—but the prospect of federal stimulus measures offers hope for the year ahead....By: A&O Shearman
Germany Turns To Restructuring To Strengthen Corporate Resilience
After several years of weak growth in the German economy, restructuring is emerging as a strategic tool to revitalize the country’s under-pressure businesses. Here we explore how the use of StaRUG, Germany’s preventive restructuring framework, is creating investment opportunities in distressed assets and special situations....By: A&O Shearman
CFTC Extends Compliance Deadline For Amended Large Trader Reporting Requirements
On January 27, 2026, the Commodity Futures Trading Commission (CFTC) issued No-Action Letter No. 26-02 (No Action Letter), granting conditional relief from the compliance deadline for the CFTC’s 2024 amendments to Part 17 of the CFTC Regulations, the large trader reporting rules (Rule). The no-action relief responds to a request from the Futures Industry Association (FIA) and extends the compliance date of the Rule by 18 months to July 26, 2027, contingent on the CFTC completing key...By: Eversheds Sutherland (US) LLP
Court rulings on “fair” treatment of creditors reshape UK restructuring landscape
The UK courts are redefining the standards for creditor treatment under the country’s restructuring plans. Amid developing case law around “fairness” in court-sanctioned processes, market participants are exploring alternative mechanisms such as liability management exercises and distressed disposals to navigate financial distress....By: A&O Shearman
CFTC Provides Interim Relief from Commodity Pool Operator Registration to Certain Investment Advisors
On December 19, 2025, the Market Participants Division (“MPD”) of the Commodities Futures Trading Commission (“CFTC”) issued No-Action Letter No. 25-50, granting interim relief for certain commodity pool operators (“CPOs”) registered with the Securities and Exchange Commission (“SEC”) as investment advisers....By: Tannenbaum Helpern Syracuse & Hirschtritt LLP
Resolution Planning Faces Regulatory Uncertainty
Situation Overview: A U.S. bank regulator signaled potential relaxation of resolution planning requirements for banks, while the Financial Stability Board (FSB) reiterated its support and focus on enhancing resolution planning capabilities....By: Patomak Global Partners
Joint Accounts, Beneficiary Designations, and the Accidental Disinheritance Problem
One of the most common estate-planning mistakes has nothing to do with wills or trusts. It happens quietly through joint accounts and beneficiary designations that people set up years earlier and forget about....By: Offit Kurman
SEC Staff Provides Its Views on Taxonomies Associated With Tokenized Securities
On January 28, 2026, the Securities and Exchange Commission's ("SEC") Divisions of Corporation Finance, Investment Management, and Trading and Markets (collectively, the "Staff") issued a statement (the "Statement") providing guidance to market participants related to tokenized securities and compliance with relevant federal securities laws....By: Jones Day
Statement on Tokenized Securities
On January 28, 2026, the staff of the Division of Corporation Finance, the Division of Investment Management, and the Division of Trading and Markets of the US Securities and Exchange Commission (collectively, the SEC staff) issued a joint statement addressing the application of the federal securities laws to “tokenized securities” (the statement)....By: Cooley LLP
Dutch Restructuring Framework Continues To Evolve While Providing Flexible Platform to support complex domestic processes
Funding, enforcement and cross-border recognition will play a prominent role in Dutch restructurings in 2026, while WHOA—the Dutch restructuring tool—continues to evolve as court practice and wider adoption refine its key mechanisms....By: A&O Shearman
Oakwise Principles in Action: Recent Appointment of Receivers Over a Cayman Segregated Portfolio
In Biostar Pharma, Inc. v. LFM Oversea Investment Fund SPC and LFM Stable Income Fund SP [2025] CIGC (FSD) 118, the Grand Court of the Cayman Islands appointed receivers over LFM Stable Income Fund SP (the “SP”), the segregated portfolio of segregated portfolio company LFM Oversea Investment Fund SPC (the “SPC”), applying the flexible balance sheet test to determine insolvency....By: Conyers
Second Institutional Investor Stops Using Proxy Advisors
Last week, Wells Fargo’s Wealth & Investment Management announced it had launched an internal proxy voting service – powered by Broadridge – and would cut ties to ISS in the process as noted in this Reuters article....By: Cooley LLP
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