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EC call for evidence on the revision of the state aid rules for banks in difficulty
The European Commission (EC) has launched a call for evidence on revising the EU state aid rules for banks in difficulty. The initiative proposes to consolidate the six existing crisis-era communications into a single, clearer framework to take account of regulatory and economic developments, particularly arising from the recent reform of the EU's Crisis Management and Deposit Insurance (CMDI) framework. Political agreement on that reform was reached in June 2025, with the changes focusing on...By: A&O Shearman
Congress and Prediction Markets: The Current Landscape, the Outlook Ahead and What Clients Should Be Doing Now
Key Takeaways - •Congress has introduced more than 10 bills targeting prediction markets since January. Lawmakers in both chambers have introduced bills ranging from narrow insider-trading restrictions for public officials to broader prohibitions on sports, war, election and government action contracts. At the same time, the Commodity Futures Trading Commission (CFTC) has launched a formal rulemaking process, with comments due April 30. • The issue has now moved beyond a narrow derivatives-law...By: Paul Hastings LLP
FinTech Five - Lowenstein's FinTech, Crypto, Trading & Markets Newsletter - March 31, 2026
Between March 25 and March 26, members of both chambers introduced at least three bills targeting prediction markets. On March 25, Reps. Adrian Smith, R-Neb., and Nikki Budzinski, D-Ill., introduced the PREDICT Act, which would prohibit members of Congress, the President, and other senior officials from trading prediction market contracts....By: Lowenstein Sandler LLP
Finance: Reputation as a Business Asset: The Value of Proactive PR in Financial Services
Financial services firms too often treat public relations the same way they treat a fire extinguisher — they want it nearby, but they’d rather never use it. They turn it on for a deal announcement, call an agency when a crisis breaks, and then go quiet until the next event....By: Poston Communications
Healthcare private equity outlook: Takeaways from HPE Miami 2026
At McDermott Will & Schulte’s HPE Miami 2026 conference, more than 2,000 healthcare founders, investors, advisors, and leaders came together to discuss the structural and policy forces reshaping the health and life sciences investment landscape....By: McDermott Will & Schulte
New Guide: Running a (Successful) Dual-Track Process
With Q1 under our belts, I am revisiting some of the predictions I shared in December from the Berkeley Fall Forum on Corporate Governance. At that time, people were hoping that 2026 would be a year of stability for the political and macroeconomic environment....By: Cooley LLP
Bermuda investment funds - Spring 2026 update
Our investment funds team outline the latest developments within the investment funds market in Bermuda, including updates to the Beneficial Ownership Regime and the personal declaration forms for directors and officers....By: Carey Olsen
FinCEN Update: Huge Penalty on Broker-Dealer for Willful AML, SAR, and Due Diligence Failures
On March 6, the Financial Crimes Enforcement Network (FinCEN) announced a historic $80 million civil money penalty against Canaccord Genuity LLC for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations....By: Bass, Berry & Sims PLC
A New Playbook for Prudence: DOL Proposes Process-Based Safe Harbor for Selection of Both Traditional and Alternative 401(k) Investments
On March 30, 2026, the U.S. Department of Labor (DOL) released its long-awaited proposed regulation entitled “Fiduciary Duties in Selecting Designated Investment Alternatives” (the “Proposed Rule”), in response to President Trump’s Executive Order that calls for expanded access to private equity and other alternative investments for 401(k) plans and their participants....By: Ropes & Gray LLP
“The Last Chapter in the Book of Howey” Comes to Life!
Recently, I blogged about public company pain points as part of the SEC’s Project Crypto – a blog which garnered a lot of attention – but one thing I failed to highlight is how the advent of crypto assets and the efforts to regulate them has impacted the long-standing Howey test that all of us know when we first learned the importance of knowing what exactly is a “security.”...By: Cooley LLP
The Post-Dodd-Frank Rollback Begins? New Executive Order Targets Mortgage Origination, Servicing, and Reporting Rules
On March 13, 2026, President Trump signed an executive order titled “Promoting Access to Mortgage Credit,” directing federal financial regulators to consider a broad set of revisions to the mortgage regulatory framework....By: Bradley Arant Boult Cummings LLP
FCA Confirms Approach to Motor Finance Redress
The FCA has made a number of changes to the proposed redress scheme in light of feedback received....By: Latham & Watkins LLP
From Fraudulent Adverts to Corporate Offences: Navigating POCA, ECCTA and the OSA
Paid advertising continues to underpin the commercial model of major search and social media platforms. Yet the scale of fraud and unlawful financial promotions within this ecosystem has become increasingly difficult for regulators—and financial institutions—to ignore....By: BCLP
SEC Hits Pause on Cboe's New Disruptive Trading Rule
In a somewhat unusual step, the Securities and Exchange Commission (SEC) paused the effort by the Chicago Board Options Exchange (Cboe) to self-certify a new Rule 8.23 governing disruptive trading practices (Proposed Rule). Cboe attempted to self-certify the Proposed Rule in January 2026 using a process that allows a self-regulatory organization (SRO) like Cboe to adopt certain types of generally uncontroversial rules without submitting them for public comment....By: Katten Muchin Rosenman LLP
The Payments Newsletter including Digital Assets & Blockchain, March 2026
Key developments of interest over the last month include: the UK FCA publishing its annual Regulatory Priorities reports for payments, retail banking and consumer finance; the European Central Bank launching a call for expression of interest for participation in the digital euro pilot; and, in the United States, Delaware's governor announcing the publication of two new bills which, among other things, would formally define digital assets under Delaware law and create a licensing regime for...By: Hogan Lovells
UK securitisation reform: A more proportionate second act
On 17 February 2026, the UK Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (together the Regulators) each published a consultation paper, CP26/6: Rules for reforming the UK Securitisation Framework and CP2/26 – Reforms to securitisation requirements (the Consultations), proposing significant reforms to the UK securitisation framework (UK Securitisation Framework)....By: Hogan Lovells
Canada’s New Anti-Money Laundering Legislation Significantly Raises Penalties and Adds New Violation
On March 26, 2026, Bill C-12, the Strengthening Canada’s Immigration System and Borders Act, received royal assent. The Bill significantly amends Canada’s anti-money laundering (AML) legislation, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and introduces an unprecedented administrative monetary penalty (AMP) framework. With significantly higher penalties, broadened regulatory discretion and a more assertive Financial Transactions and Reports Analysis Centre of...By: Blake, Cassels & Graydon LLP
Budget Implementation Act: Financial Services Highlights
On March 26, 2026, the Budget 2025 Implementation Act, No. 1 (Budget Implementation Act) received royal assent. The Budget Implementation Act introduces a significant number of new measures impacting the regulation of financial services in Canada....By: Blake, Cassels & Graydon LLP
When the US Knocks: Key Takeaways from the Americas Enforcement Leadership Forum on LATAM Compliance
On March 5, TransPerfect Legal, Garrigues, and Blank Rome LLP convened the Americas Enforcement Leadership Forum in Mexico City—a roundtable bringing together chief compliance officers and senior in-house counsel to address one of the most consequential questions facing global companies today: what happens when US authorities come knocking on operations based in Latin America?...By: TransPerfect Legal
Implementation of AIFMD2 in Italy
On 27 March 2026, Legislative Decree No. 39/2026 (“Decree”), implementing Directive (EU) 927/2024 on delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services and loan origination by alternative investment funds (so called AIFMD2) into the Italian legal framework, was published in the Official Gazette....By: Hogan Lovells
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