The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.
January 24, 2023FCA Director of ESG Sacha Sadan underlines need for market confidence, highlights importance of investor engagement.
October 6, 2022To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.
June 13, 2022The guidance is for superannuation trustees, asset managers investing superannuation capital, and asset managers operating managed schemes with super funds as investors.
April 8, 2022In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
November 9, 2021While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.
October 19, 2021In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.
August 2, 2021The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
June 4, 2021Indemnities provided to acquiring entities as part of divestment transactions should be capped and time bound. Operational risk capital should be held to reflect the level of risk.
March 24, 2021Under the new regime, a new "last resort power" will allow the Treasurer to force divestment on national security grounds even after approval is granted.
June 8, 2020