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News & Insights

Author of Yates Memo Fired

March 1st, 2017

Author of  Yates Memo Fired Recurring Theme:  Individual Accountability Summary Analysis:  Yesterday, President Trump acted to remove Acting Attorney General Sally Yates. Under the Obama Administration, Yates had served as Deputy Attorney General. During her tenure, she authored the Department of Justice’s ‘Yates Memo.’  The memo quickly attracted the attention […]

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Regulators Continue to Underscore Culture

November 1st, 2016

Daily Issue Briefing Date:  Friday, October 21, 2016 Subject:  Regulators Continue to Underscore Culture Summary Analysis:  Echoing the sentiments of financial regulators in the United Kingdom, the Federal Reserve Bank of New York continues to emphasize the importance of good culture in banking. This week the regional Fed bank convened […]

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Preventing white-collar crime in the 21st century with big data: Are You Prepared?

October 4th, 2016

Aman is a Senior Director of Clutch Group, a leading consultant in the legal, risk and compliance industries. Change is the only constant in a fast-paced, digital era. If you think back to your own childhood, the differences between then and now are overwhelming. Today, children are digitally savvy, using […]

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Clinton Plans to Enforce Dodd-Frank, but Alleviate Burden on Smaller Players

September 12th, 2016

Recurring Theme:  Changing Regulatory Tide Summary Analysis:  Last week, Democratic Presidential Candidate Hillary Clinton discussed her plans to ease the regulatory burden on community banks. At this point in the presidential race, both candidates have promised some form of deregulation or reevaluation of regulations in the financial services sector. In […]

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Global Banks Elevate Passporting Concerns Post-Brexit

September 12th, 2016

Summary Analysis:  With little progress made to flesh out the terms of Brexit in advance of formal negotiations, the banking community has begun to express concern. In particular, global banks have lobbied United Kingdom (UK) Prime Minister Theresa May to maintain financial passporting rights even after the completion of Brexit. […]

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FCA Whistleblower Cases Down 20% in 2015

September 12th, 2016

Summary Analysis:  New figures document a considerable drop in the number of whistleblower complaints from 2014 to 2015 in the United Kingdom (UK). International law firm Pinsent Masons reported that Financial Conduct Authority (FCA) whistleblower cases fell from 1,367 in 2014 to 1,104 in 2015, representing a reduction of nearly […]

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UK Government “Stands Ready to Help” Banking Sector

September 12th, 2016

Summary Analysis:  United Kingdom Chancellor of the Exchequer Phillip Hammond convened a meeting with chairmen from several of the region’s top banks, including Lloyds, RBS, Standard Life, Santander Aviva, Barclays and HSBC, in an attempt to quell concerns about the impact of Brexit.  Hammond sought to reassure members of the […]

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UK Attempts to Accommodate Fintech

September 12th, 2016

Recurring Theme:  Technology & Innovation Summary Analysis:  As fears of the impacts of Brexit on the United Kingdon’s financial services industry mount, the Bank of England has sought to accommodate and reassure its fintech providers.  Earlier this summer the central bank launched a FinTech Accelerator in an effort to include […]

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A Tale of Three Speeches – Understanding the FCA’s Post-Brexit Strategy

August 18th, 2016

Clues to the FCA’s regulatory approach post-Brexit Since the Brexit vote there has been much debate over the future direction of financial services regulation in the UK.  Will the UK strike out on its own, shaping an independent, perhaps more bank-friendly, regulatory environment, or will it stay in harmony with […]

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MAR – the new market soundings regime

July 5th, 2016

In our first update on MAR we highlighted the broadening of the scope of the Market Abuse rules that come into force on 3 July 2016.  We focused on how the new regime significantly extends the prohibition on abusive activity, capturing new instruments and behaviours. Our second update focused on […]

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Hong Kong Sees Spike in AML Violations

July 1st, 2016

Hong Kong Sees Spike in AML Violations Recurring Theme:  Market Transparency Summary Analysis:  Last week, Reuters reported an increase in violations of anti-money laundering (AML) rules in Hong Kong. The country’s financial regulator, the Securities and Futures Commission (SFC), reported a year-over-year increase of more than 90 percent, from 117 […]

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NYDFS to Release Tough New AML Standards Today

July 1st, 2016

NYDFS to Release Tough New AML Standards Today Recurring Theme:  Market Transparency & Individual Accountability Summary Analysis:  After an exclusive preview, the Wall Street Journal reported that the New York Department of Financial Services (NYDFS) plans to release tough new anti-money laundering (AML) rules. The New York financial regulator is […]

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Download the 2017 Regulatory Highlights Report

Trends in Financial Regulation, Supervision, and Enforcement

Clutch tracks 2017’s key global developments across the financial services industry to identify legislative issues, regulatory initiatives, supervisory priorities and enforcement trends in the midst of an evolving economic and political landscape.

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