On 28 June 2018, the National Development and Reform Commission and the Ministry of Commerce released the Foreign Investment Market Access Special Administrative Measures (Negative List) (2018 Version), which will become effective from 28 July 2018. This Negative List is significant because it will replace the Guidance Catalogue for Foreign Investment Industries, the latest iteration of which became effective on 28 July 2017 (the “2017 Catalogue”), which has been the official policy statement on foreign investment for almost twenty years.
Category Archives: Financial Institutions
Subscribe to Financial Institutions RSS FeedOECD publishes issues paper on blockchain and competition law
Competition law questions are increasingly raised in the public debate about the blockchain technology. While there is yet to be any investigation in this field, the policy debate about applying competition law instruments to this disruptive, decentralised technology is heating up. The latest and probably most comprehensive approach to structuring the discussion comes from the
Federal Banking Agencies Release Basel III Capital Final Rules
Over the course of the last week, the Federal Banking Agencies (the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued final rules implementing changes to the capital requirements for bank holding companies (BHCs), savings and loan holding companies (SHLCs) and insured depository institutions (Final Rule).
Consumer Financial Protection Bureau Issues Proposed Modifications to Mortgage Rules
On June 24, 2013, the Consumer Financial Protection Bureau (CFPB) issued proposed modifications to mortgage rules the CFPB had finalized in January 2013. The CFPB’s June 24 proposal would provide “clarifications and some narrow revisions to [the] January 2013 mortgage rules.”
FTC Issues Report on Emerging Mobile Payments Services
Phillip Berenbroick, an Associate in the D.C. office, contributed to this entry. There has been an explosion in the number and variety of mobile payment services available to consumers in the last couple of years, with new innovations and players growing exponentially. New payments products, including peer-to peer-payments, mobile coupons, contactless options, and mobile wallets
Review of issues for 2013
The following is a summary of some of the key issues Congress and the Administration will be debating in 2013. Please contact us with any questions. We are happy to provide further analysis as well as insight into other areas of interest. Agriculture: Tom Vilsack is expected to stay on as Secretary of Agriculture. The
CFPB to Supervise Credit Bureaus: Another Avenue for Enforcement of FCRA Privacy Protections
Under regulations adopted earlier this month by the Consumer Financial Protection Bureau (“CFPB”), the nation’s larger consumer reporting agencies (“CRAs”) will for the first time be subject to supervision at the federal level. The new rules were issued pursuant to the CFPB’s authority under section 1024 of the Dodd-Frank Wall Street Reform and Consumer Protection