FHA releases proposed update of ‘face-to-face’ servicing requirements
National Mortgage News 07/31/2023
Under the new proposal, which is aimed at updating the Department of Housing and Urban Development’s “face-to-face” requirements, mortgage servicers would be able to use online and remote communications, as they did during the pandemic, to fulfill…
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Markets in Crypto-Assets Regulation (MiCA) – An Update on Timings
Lexology 07/31/2023
The Markets in Crypto Assets Regulation (MiCA) entered into force in June 2023. It creates a common set of rules applicable to issuers and offerors of crypto-assets as well as those looking to engage in the provision of regulated crypto-asset services…
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ESG Mid-Year Review: Key Trends in 2023 Thus Far
Harvard 07/31/2023
Almost a year and a half on from Russia’s invasion of Ukraine, the dependence of many countries on Russian oil and gas continues to be apparent. Policymakers continue to seek alternative energy sources to combat this reliance, creating strong incentives…
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Banks propose disclosing just 33% of capital markets emissions
American Banker 07/31/2023
A majority of investment bankers tasked with setting the first industry standards for calculating the carbon footprints of capital-markets activities have endorsed a compromise deal that would see banks report only one third…
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Looking Beyond Core Insurance Business: Insurers Allowed to Offer Value Added Services and Engage in Distribution of Other Financial Products
Lexology 07/31/2023
Vide an office memorandum dated November 29, 2022, the Department of Financial Services (Ministry of Finance), Government of India (“DFS”) has proposed extensive amendments to the Insurance Act, 1938 (“Act”) by way of the Insurance Laws…
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