Financial Regulatory

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Webcast: Carbon Markets and the Voluntary Market

Gibson Dunn lawyers provide practical advice about how to access and participate in the voluntary carbon offset market and flag litigation risks and concerns to be considered by those participating in the market.

Webcasts | June 8, 2023

New Hong Kong Regulatory Requirements and Licensing Regime for Virtual Asset Trading Platforms Finalised as Legislation Takes Effect

Our lawyers discuss new regulatory guidance for operators of virtual asset trading platforms issued by the Hong Kong Securities and Futures Commission.

Client Alert | June 7, 2023

Agencies Release Reports Detailing Supervision and Regulation of Silicon Valley Bank and Signature Bank

Gibson Dunn lawyers examine federal banking agencies’ expected response to the recent bank failures, and how that response will shape the regulatory landscape for institutions of all sizes and their partners.

Client Alert | May 16, 2023

Carbon Markets Update – Q1 2023

Gibson Dunn lawyers provide recent updates and analysis on the voluntary carbon market.

Client Alert | April 4, 2023

Grace Chong Named Fintech and Digital Assets Lawyer of the Year at the Law.com Asia Legal Awards 2023

Law.com named Singapore of counsel Grace Chong as Fintech and Digital Assets Lawyer of the Year at its Asia Legal Awards 2023.

Firm News | March 31, 2023

Grace Chong Named a Rising Star at the IFLR Asia-Pacific Awards 2023

International Financial Law Review named Singapore of counsel Grace Chong as a Rising Star at the 2023 IFLR Asia-Pacific Awards.

Firm News | March 24, 2023

Gibson Dunn Distressed Banks Resource Center

Gibson Dunn has created a Distressed Banks Resource Center to provide resources and regular updates to our clients on recent bank failures.

Client Alert | March 14, 2023

Distressed Bank Update – A New Paradigm

Gibson Dunn's lawyers present the latest updates on news about distressed banks.

Client Alert | March 14, 2023

Hong Kong SFC Consults On Licensing Regime For Virtual Asset Trading Platform Operators

Our lawyers discuss an important Consultation Paper recently published by the Hong Kong Securities and Futures Commission.

Client Alert | March 2, 2023

Hong Kong Monetary Authority Introduces Plans To Regulate Stablecoins

Gibson Dunn lawyers review plans that were recently announced by the Hong Kong Monetary Authority on the regulation of crypto-assets and stablecoins.

Client Alert | February 7, 2023

UK Financial Services Regulation – 2022 Year-End Review

Our lawyers review activities in UK financial services regulations in 2022.

Client Alert | February 2, 2023

Gibson Dunn Ranked in 2023 Chambers Greater China Region Guide

Gibson Dunn earned 10 firm rankings and 19 individual rankings in the 2023 edition of the Chambers Greater China Region guide.

Firm News | January 13, 2023

Grace Chong Named a Singapore Rising Star by Asian Legal Business

Asian Legal Business named Singapore of counsel Grace Chong to its inaugural Singapore Rising Stars 2022 list, which highlights “the next generation of the country’s lawyers who have demonstrated great potential in the industry, while earning wide acclaim from their clients in the process.”

Firm News | December 20, 2022

UK FCA Action Against Firms Relating to Arrangements with Third Party Intermediaries – Lessons Learned

Our lawyers discuss recent enforcement actions by the UK Financial Conduct Authority relating to failings by firms in arrangements with third party intermediaries.

Client Alert | December 15, 2022

Hong Kong Licensing Regime for Virtual Asset Service Providers Passed with Three-Month Delay to Implementation Timelines

Gibson Dunn lawyers review updates to the licensing regime for virtual asset service providers in Hong Kong.

Client Alert | December 8, 2022

Gibson Dunn Named Law Firm of the Year at the Regulation Asia Awards for Excellence 2022

Regulation Asia has named Gibson Dunn as the Law Firm of the Year at the Regulation Asia Awards for Excellence 2022.

Firm News | November 22, 2022

Webcast: Digital Assets – Closing the Regulatory Net – With Updates

Our Global Financial Regulatory Practice Group hosts a webcast dedicated to the latest legal and regulatory developments in digital assets markets.

Webcasts | November 2, 2022

New Crypto Tokens Regime in the Dubai International Financial Centre

Read a summary of the new Dubai Financial Services Authority Crypto Tokens regime.

Client Alert | November 1, 2022

Webcast: Digital Assets – Closing the Regulatory Net

In anticipation of the Financial Stability Board’s (FSB) report to the G20 Finance Ministers and Central Bank Governors in October on regulatory and supervisory approaches to stablecoins and other crypto-assets, please join us for this webcast hosted by our Global Financial Regulatory Practice Group.

Webcasts | October 27, 2022

Hong Kong SFC Reiterates Expectations for Licensed Corporations and Managers-in-Charge for Foreign Regulatory Breaches and Self-Reporting

Gibson Dunn lawyers discuss an HK$1.75 million fine levied against Asia Research & Capital Management Limited relating to a failure to comply with an EU regulation on short selling and certain aspects of credit default swaps.

Client Alert | October 18, 2022

Changes in Hong Kong SFC Requirements for “Overall Coordinator” Role Raise Sanctions-Related Questions for Financial Institutions Serving in That Capacity

Following a three-month consultation period, the Securities and Futures Commission’s Code of Conduct provision, paragraph 21, has come into effect on August 5, 2022.

Client Alert | August 31, 2022

Hong Kong Introduces Licensing Regime for Virtual Asset Services Providers

On June 24, 2022, the Hong Kong Government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022. The Amendment Bill introduces changes to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), including the introduction of a licensing regime for virtual asset services providers and imposing statutory anti-money laundering and counter-terrorist financing obligations on VASPs in Hong Kong.

Client Alert | June 30, 2022

Hong Kong SFC Consults on Significant Reforms to the SFO Enforcement Provisions

On June 10, 2022, the Hong Kong Securities and Futures Commission published a consultation paper on proposed amendments to enforcement-related provisions of the Securities and Futures Ordinance. This is particularly noteworthy, as the Consultation Paper marks the first time that the SFC has consulted on changes to enforcement-related provisions since the introduction of the SFO 20 years ago.

Client Alert | June 14, 2022

New District Court Decision Provides Useful Guidance on Application of Trademark Law to Virtual Goods

A decision issued on May 18, 2022 by U.S. District Judge Jed S. Rakoff of the Southern District of New York may provide valuable insight into how courts will consider trademark claims regarding NFTs.

Client Alert | May 20, 2022

CFPB Invokes Dormant Dodd-Frank Authority to Regulate Nonbank Financial Companies

On April 25, 2022, the Consumer Financial Protection Bureau announced that it will begin relying upon a “largely unused legal provision” of the Dodd-Frank Act to supervise nonbank financial companies that purportedly pose risks to consumers.

Client Alert | May 5, 2022

Hong Kong SFC Publishes Circular to Licensed Corporations on Handling of Client Complaints

On 31 March 2022, the Hong Kong Securities and Futures Commission released a new circular to licensed corporations on the handling of client complaints, alongside an Appendix setting out the SFC’s expected regulatory standards and suggested techniques and procedures for handling client complaints.

Client Alert | April 11, 2022

The Biden Administration’s Digital Assets Executive Order and Its Implications

On March 9, 2022, President Biden signed a long-awaited Executive Order regarding the U.S. government’s strategy for digital assets. Our lawyers review the three principal takeaways from the Executive Order.

Client Alert | March 10, 2022

SFC and HKMA Introduce Requirements for Hong Kong Licensed Firms and Banks Dealing with Virtual Assets and Virtual Asset Service Providers

In a further step towards the regulation of virtual assets (including digital tokens, stablecoins, and other crypto assets) in Hong Kong, on 28 January 2022, the Securities and Futures Commission and the Hong Kong Monetary Authority published a joint circular and appendix document on intermediaries’ virtual asset-related activities. 

Client Alert | February 8, 2022

Gibson Dunn Adds Regulatory Of Counsel in Singapore

Gibson, Dunn & Crutcher LLP is pleased to announce that Grace Chong has joined the firm as Of Counsel in its Singapore office.

Press Releases | January 25, 2022

UK Financial Services Regulation – 2021 Year-End Review

Following an unprecedented year for UK regulated firms in 2020, the UK Financial Conduct Authority used 2021 to advance a number of regulatory initiatives. Gibson Dunn lawyers assess the regulatory landscape through the lens of three notable “hot topics”: environment, social and governance (“ESG”) developments; fintech and cryptoassets; and individual accountability and conduct risks.

Client Alert | January 19, 2022

Another Step Towards the Regulation of Cryptocurrency in Hong Kong: HKMA Releases Discussion Paper on Stablecoins

Gibson Dunn lawyers provide an overview of the Hong Kong Monetary Authority's views on crypto-assets and stablecoins as outlined in a recently-released Discussion Paper, discuss the implications for players in the stablecoin ecosystem if the proposed changes are implemented, and suggest next steps for interested parties.

Client Alert | January 18, 2022

2021 Year-End German Law Update

Once more, 2021 demonstrated that constant change should become your friend and ally. After a second year of global uncertainty caused by the formidable challenges of the COVID-pandemic, we all long for a return “back-to-normal.” However, chances are that 2022 will continue to present drastic and unpredictable challenges.

Client Alert | January 13, 2022

Webcast: Global Regulatory Developments and What to Expect Across the Globe (Asia Pacific)

Following on from the recent launch of our Global Financial Regulatory Practice Group, please join us for the inaugural webcast from our global team, where we will be discussing the latest legal and regulatory developments while identifying key themes and trends across major financial centers.

Webcasts | December 2, 2021

Webcast: Global Regulatory Developments and What to Expect Across the Globe (US/UK/EU)

Following on from the recent launch of our Global Financial Regulatory Practice Group, please join us for the inaugural webcast from our global team, where we will be discussing the latest legal and regulatory developments while identifying key themes and trends across major financial centers.

Webcasts | November 30, 2021

Infrastructure Bill’s New Reporting Requirements May Have Sweeping Implications for Cryptocurrency Ecosystem

On November 15, 2021, President Biden signed into law the “Infrastructure Investment and Jobs Act,” which adds new reporting requirements for certain cryptocurrency transactions that have little to do with infrastructure, but could have potentially dramatic implications for millions of United States businesses and consumers who have embraced cryptocurrency for its efficiency, transparency, and accessibility.

Client Alert | November 18, 2021

Dubai Financial Services Authority Moves into the “Crypto” Space and Establishes Regulatory Framework for “Investment Tokens”

On October 25, 2021, the Dubai Financial Services Authority (“DFSA”) updated its Rulebook for "crypto" based investments by launching a regulatory framework for "Investment Tokens," which are defined as either a “Security Token” or a “Derivative Token.”

Client Alert | November 15, 2021

Webcast: Recent Developments at the New York State Department of Financial Services

The New York State Department of Financial Services is the state’s primary regulator of financial institutions and activity, with jurisdiction over approximately 1,400 financial institutions and 1,800 insurance companies. In this webcast, a panel of Gibson Dunn lawyers discusses not only changes to the agency’s leadership and organizational structure, but also recent developments with respect to the agency’s guidance, regulations, and enforcement matters.

Webcasts | October 25, 2021

Gibson Dunn Launches Global Financial Regulatory Practice

Gibson, Dunn & Crutcher LLP is pleased to announce that the firm has launched a Global Financial Regulatory Practice, which provides comprehensive advice to financial institutions on all aspects of regulatory compliance, enforcement and transactions.

Client Alert | August 5, 2021

The Discontinuation of IBORs and Its Impact on Islamic and UAE Transactions

Gibson Dunn lawyers discuss the loan market's transition away from inter-bank offered rates (IBORs) to risk free rates (RFRs) and how market participants, particularly in Islamic transactions, can prepare for forthcoming changes to avoid uncertainty in their financing agreements or other contracts.

Client Alert | June 14, 2021

Licensing Regime for Virtual Asset Services Providers in Hong Kong

On 21 May 2021, the Hong Kong government published the Consultation Conclusions on legislative proposals to enhance anti-money laundering and counter-terrorist financing (“AML/CTF”) regulations in Hong Kong, including a proposal to introduce a licensing regime for virtual asset services providers (“VASPs”).

Client Alert | June 7, 2021

UK independent review of post-financial crisis proprietary trading rules — an opportunity for reform?

London partner Michelle Kirschner and New York partner Arthur Long are the authors of "UK independent review of post-financial crisis proprietary trading rules -- an opportunity for reform?" first published by Thomson Reuters Regulatory Intelligence on May 20, 2021.

Article | May 28, 2021

Webcast: UK Financial Services Regulatory Quarterly Update

Join Gibson Dunn panelists for a discussion of recent FCA criminal prosecutions, lessons for board governance from the Aviva plc Final Notice and an update on the Investment Firms Prudential Regime and remuneration.

Webcasts | April 27, 2021

New York Department of Financial Services Finalizes Confidential Supervisory Information Regulation

On April 7, 2021, the new regulation of the New York Department of Financial Services (NYDFS) governing confidential supervisory information (CSI) became effective in final form.  NYDFS has thus joined the Board of Governors of the Federal Reserve System (Federal Reserve) in making recent amendments to its approach to CSI.

Client Alert | April 21, 2021

The End Is Near: LIBOR Cessation Dates Formally Announced

On March 5, 2021, regulators and industry groups provided market participants with much anticipated clarity by announcing the dates for the cessation of publication of, and non-representativeness of, various settings of the London Interbank Offered Rate which will allow market participants to identify the date that their financial instruments and commercial agreements that reference LIBOR will transition to an alternative reference rate (e.g., a risk free rate).

Client Alert | March 9, 2021

Big data, ethics and financial services: risks, controls and opportunities

London partners Susy Bullock, Matthew Nunan, Michelle Kirschner and James Cox are the authors of "Big data, ethics and financial services: risks, controls and opportunities," published by the Buttersworth Journal of International Banking and Financial Law in February 2021.

Article | February 26, 2021

Reverse solicitation: a shot across the bow

London partners Michelle Kirschner and Matthew Nunan are the authors of "Reverse solicitation: a shot across the bow," first published by Thomson Reuters Regulatory Intelligence on February 10, 2021. 

Article | February 17, 2021

The Biden Administration: New Priorities in the Banking, Fintech and Derivatives Sectors

Now that the first 100 days of the Biden Administration are in full swing, its financial regulatory priorities are becoming clearer. In this Client Alert, we discuss where we expect the Administration to focus, with respect to the banking, fintech, and derivatives sectors.

Client Alert | February 16, 2021

Webcast: UK Financial services regulatory update: what happened in 2020 and what to expect in 2021 and beyond

In this webcast, a panel of Gibson Dunn lawyers in London provides a review of UK financial services regulatory developments in 2020, and what these developments indicate about the future regulatory direction of travel.

Webcasts | January 27, 2021

Urgent Clarification Sought by European Supervisory Authorities on the Application of the Sustainable Finance Disclosure Regulation

On 7 January 2021, the Joint Committee of the European Supervisory Authorities (ESAs) wrote to the European Commission, requesting “urgent” clarification on several important areas of uncertainty in the application of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector prior to the application of the majority of its requirements on 10 March 2021.

Client Alert | January 21, 2021

UK Financial Services Regulation – 2020 Year-End Review

In their 2020 year-end review, Gibson Dunn lawyers assess the UK financial regulatory landscape through the prism of three areas of increasing regulatory focus: governance, culture and individual accountability; conduct and enforcement; and operational and financial resilience.

Client Alert | January 14, 2021