Europe

July 21, 2019

Banks and Financial Institutions Regulation

A snapshot of recent regulatory developments in the banking space is set out below.   1. CANADA:   Department of Finance: Consultations on the Review of the Canadian Payments Act   Last Friday, the Department of Finance (DoF) launched consultations to seek views on whether 2015 governance changes have been
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July 21, 2019

Banks and Financial Institutions Regulation

A snapshot of regulatory interventions in the banking space from around the world.   1. CANADA:   Financial Transactions and Reports Analysis Centre of Canada: FAQs on Politically Exposed Persons in Canada and Heads of International Organizations   The Financial Transactions and Reports Analysis Centre of Canada issued FAQs on
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July 21, 2019

Banking Regulation & Developments: The Week of April 30, 2018

This review highlights regulatory interventions by supervisory authorities from around the world.   1) UNITED STATES   The Office of the Comptroller of the Currency – Appraisal Threshold for Commercial Real Estate Transactions The Office of the Comptroller of the Currency, the Federal Reserve System and the Federal Deposit Insurance
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July 21, 2019

Banking Regulation: The Week of April 23, 2018

This review highlights regulatory interventions by supervisory authorities from around the world.   1. UNITED STATES:   i) The Bureau of Consumer Financial Protection – ‘Know Before You Owe’ Mortgage Disclosure Rule   The Bureau of Consumer Financial Protection finalized amendment to its “Know Before You Owe” Mortgage Disclosure Rule.
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July 21, 2019

Banking Regulation: The Week of April 16, 2018

This review highlights regulatory interventions by supervisory authorities from around the world.   1. Canada:   i) Office of the Superintendent of Financial Institutions – Final Total Loss Absorbing Capacity Guideline   OSFI issued final version of the Total Loss-Absorbing Capacity Guideline (TLAC). The TLAC sets out the framework OSFI
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