Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Senior Associate
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

EU Financial Regulators highlight the risks of a no-deal Brexit in the EU Financial System

On 12 September 2019, the Joint Committee of European Supervisory Authorities published the latest report on the risks and vulnerabilities to the EU financial system in the event that the UK and EU fail to reach a withdrawal deal on Brexit. The report highlights that the EU’s banking, insurance, pensions and securities sectors continue to face a significant risk.

Aki Corsoni-Husain

EBA publishes report on FinTech and crowdfunding activities

On 19 July 2019, the European Banking Authority (EBA) circulated a report which illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms and the approaches followed by competent authorities when granting authorisation for banking and payment services.

Vanessa Molloy, George Apostolou

EBA opines on link between money laundering and prudential oversight

On 24 July 2019, the European Banking Authority (EBA) published an opinion on the link between money laundering and terrorist financing concerns and prudential objectives. This opinion forms part of the EBA's ongoing work to strengthen the fight against money laundering and terrorist financing in Europe and responds to a request in the Council's Anti Money Laundering Action Plan of 2018.

Aki Corsoni-Husain, Chiara Deceglie,
Marina Stavrou

Opinion of the EBA on depositors protection occurring from the withdrawal of the UK from the EU

On 1 March 2019, the European Banking Authority (EBA) published an opinion relating to deposit protection issues stemming from the withdrawal of the UK from the EU. In the opinion, the EBA calls on the Deposit Guarantee Schemes Designated Authorities to ensure that depositors in branches of the UK credit institutions in the EU are adequately protected by the EU deposit guarantee schemes, in case of a withdrawal of the UK from the EU with no ratified agreement in place.

Vanessa Molloy, Katerina Katsiami