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In early September it emerged that fewer than 10 UK-based banks had applied for EU licences to continue trading after Brexit. According to Reuters, the sloth pace is concerning to those at the European Central Bank (ECB), who are beginning to think that either banks are ill-prepared (unlikely), or that there's a loophole in the legislation (slightly more likely).

It seems that public officials and corporates everywhere are falling like dominoes on the back on tougher anti-corruption measures taking effect in a number of jurisdictions. Brazil's Clean Company Act has received its fair share of coverage as have India's currency crackdown and the UK's far-ranging Bribery Act. Now South Korea has also been making headlines for all the wrong reasons.

The publication of the Code has raised more questions than answers, especially when it comes to how it interacts with EU legislation

Akbar Komijani, deputy governor of the Central Bank of Iran, tells IFLR what is needed to help the Islamic finance market take off

Automatic and autonomous machines and systems have multiple applications across the financial sector but the regulatory implications cannot be ignored

The FCA’s announcement that it would phase out Libor by 2021 has confirmed that some key historic benchmarks are likely to be obsolete over time. But their replacements still have a role to play in the future

Both jurisdictions continue to invest heavily in initiatives that support the mutual development of their financial markets

The UK’s PRA has intensified bank recovery planning requirements far beyond existing UK and EU rules

A recent wave of public offering activity points to a re-opening of the country's equity markets to foreign investment

The Cyprus Securities and Exchange Commission (CySEC) has issued a summary of the changes to passporting arrangements and conditions governing the provision of investment services and activities by third country firms. These changes will apply as from January 3 2018 under Law 87(I)/2017, which transposes the Markets in Financial Instruments Directive (Mifid) II into Cyprus law. The scope of Mifid II is wider than the existing regulatory regime and the Mifid II passporting arrangements will apply to a broader range of activities, services and financial instruments than before. CySEC advises all the investment firms it regulates to review their passports and authorisations to determine whether they require amendment under the scope of Law 87 (I)/2017 and, if so, to submit the requisite notifications using the forms provided on CySEC's website.