In our April banking reform updater we discussed initiatives to embed sustainable finance principles in the fabric of financial institutions.
December 31, 2018
The amendments will impose significant and uncertain new burdens on municipal securities issuers, conduit borrowers, underwriters and brokers.
December 13, 2018
After over 25 years of uncertainty, we now know that UK pension schemes must remove the last traces of sex inequality from benefits built up since May 17, 1990. Guaranteed minimum pensions are required to be different for men and women, and they create differentials in otherwise equal pensions which fluctuate over time. As a result of the Lloyds Banking Group judgment, trustees must correct those differentials for the future, and pay arrears for the past, but employers can control the costs of doing so. This is a significant step change for the pensions industry.
December 10, 2018
Just when we thought that we could start thinking about packing up for the holidays, the President had a busy November and assented to four new employment Acts
December 04, 2018
Yesterday November 28, the China Banking and Insurance Regulatory Commission (CBIRC) published the draft amendments to the Detailed Rules for the Implementation of the Regulation on the Administration of Foreign-Funded Banks to complement another draft amendments to the Regulation on the Administration of Foreign-Funded Banks published a few days earlier (together, the Draft FIE Bank Rules).
November 30, 2018
On November 30, 2018 the Cyber Security Protection Bureau, under the auspices of the PRC Ministry of Public Security (the MPS), issued a draft Guideline for Internet Personal Information Security Protection (the Guideline) along with a request for public comments.
The Ministry of Treasury and Finance (the "Ministry") issued a new Communiqué amending the rules applicable to foreign currency-denominated or indexed agreements.
The findings of our recent review into the state of recovery and resolution laws for banks against the Financial Stability Board’s (FSB) Key Attributes have been published as a chapter in the European Investment Bank’s (EIB) new study, "Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability".
Agreements that restrict rivals’ abilities to engage in advertising or other competitive activities could run afoul of the antitrust laws.
November 27, 2018
As commercial activity increasingly intertwines with applications of blockchain technology with participants around the world, courts have had to grapple with the personal jurisdiction implications of such arrangements.