The Swiss Financial Market Supervisory Authority (FINMA) has announced it will be implementing small banks regime (regime) starting January 1, 2020.    The regime seeks to increase efficiency in regulation and supervision for small institutions.    FINMA’s goal is to reduce the regulatory burden on such institutions without jeopardizing their

The Central Bank has issued new lending rules for credit unions.   The rules remove the existing lending maturity limits which cap the percentage of credit union lending which may be outstanding for periods of greater than 5 and 10 years.    Maturity limits will be replaced by new concentration

The Central Bank of Ireland has published a new guide to sanctions imposed under the Administrative Sanctions Procedure (ASP) for the financial services sector.   The ASP Sanctions Guidance increases transparency by providing greater clarity on the Central Bank’s general approach to sanctioning of firms and individuals.   It also

The FIN-FSA Financial Supervisory Authority has updated Regulations and Guidelines 8/2014 Management of Operational Risk in supervised entities of the financial sector.   The updated guidelines cover incident reporting of network and information security breaches.  The guidelines also address fraud reporting concerning payment services.  The document outlines certain European Banking

The Bank of Lithuania has issued Guidelines on Security Token Offering (STO),  becoming one of the first market regulators in the world to do so.    The Guidelines focus on tokens classification, assess specific cases, and clarify applicable regulatory requirements.    Companies planning to use the STO method for issuing