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
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
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • 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

  • Consultant
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

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

  • Group General Counsel
  • Cayman Islands

EU’s public consultation on its Blocking Regulation

On 4 November 2021, the European Commission closed its public consultation on proposed amendments to the EU’s Blocking Regulation, which seeks to protect EU firms and persons from the effects of extraterritorial sanctions in third countries, principally the US. The Commission will now move forward by contacting respective stakeholders directly in order to organise the targeted consultation activities.

Aki Corsoni-Husain

EBA advises the EU Commission on discrepancies observed on the protection of client funds by deposit guarantee schemes

On 28 October 2021, the European Banking Authority (EBA) published an opinion on the treatment of client funds under the deposit guarantee schemes directive (DGSD), where it assessed the current approaches to the protection of funds deposited with credit institutions on behalf of clients by entities that are themselves excluded from deposit guarantee schemes (DGSs) protection.

Aki Corsoni-Husain, Angelos Lanitis

Bank "bail-in", deposit guarantee regimes, and capital adequacy amendments transposed in Cyprus

On 13 August 2021, the Cyprus Securities and Exchange Commission (CySEC) issued an announcement to provide further information to the public regarding the pack of legislation passed by parliament on 7 May 2021 which seeks to harmonise the Cypriot legal framework with updated European Union rules targeting the reduction of risk in the banking system (Amending Regime).

Aki Corsoni-Husain, Nancy Erotocritou,
Elina Mantrali, Stephanie Havatzias