Our new episode of FInsight: Global Financial Institutions Industry Podcast focuses on the regulatory environment for financial institutions (FI) in China.
The UK’s fintech sector is due to get a major boost in reforms suggested as part of the Kalifa Review of UK Fintech. In our latest alert, we provide a high level overview of the Review’s recommendations, and highlight some of the key ways in which the Review may fundamentally reshape financial services regulation and policy in the UK.
On a high level, there remains a lot of uncertainty around the region – the means and spread of any economic recovery, and what structural changes it will bring in the longer term.
Baker McKenzie’s Latin America Financial Institutions (FI) Industry Group held the first session of Fintechfest, a series of webinars that aims to provide insights on key market trends, opportunities, and legal and regulatory challenges to guide financial institutions and technology companies on a range of issues in the rapidly evolving Fintech sector.
As 2021 comes into view, what can we expect to be at the top of regulators’ agendas? As well as continuing priorities like sustainability, innovation and consumer protection, we think prudential reform will be a key issue in 2021, along with the reshaping of the UK regulatory landscape beyond Brexit. We’re delighted to share our predictions in our briefing What does 2021 hold?, which explores regulatory hot topics for financial institutions to watch in 2021.
On 12 November 2020, Ukrainian Parliament registered a draft payment services law (available here in Ukrainian). This milestone work was coordinated by the Ukrainian central bank (“NBU”) with the aim to fully replace the existing regulatory framework for the payments business in Ukraine.