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Legal, Regulation & Compliance

03/09/2023

‘Failure to prevent economic crime’ duty proposed for UK regulators

Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.

03/09/2023

Bank of England, FCA, PRA and PSR conduct 2022 review of Memorandum of Understanding for payment systems in the UK

Senior representatives from the BoE, FCA, PRA and PSR have considered whether cooperation pursuant to the MoU is working well.

03/09/2023

Treasury announces Mifid II investment research review

City minister Andrew Griffith will announce the review today in a speech at a FIX trading event.

03/09/2023

Central bank chiefs toughen rhetoric against inflation

Powell and Lagarde speak

03/08/2023

Bank CRO’s can boost resilience and build operational efficiencies – takeaways from McKinsey’s CRO survey

At Wolters Kluwer we have long preached the need for a holistic, integrated, institution-wide approach to risk management and the benefits it brings to banks.

03/08/2023

How to bridge the valuation gap in Ireland’s thriving PE market

Challenges to deal-making remain, though – including how to reconcile the different valuations would-be sellers and buyers are placing on target companies.

03/08/2023

Morningstar asks Praemium staff to work longer hours for same pay

They said employees are concerned that they will be worse off in a difficult financial climate with the increasing cost of living.

03/08/2023

Financial Services and Banking News

The Bank is repeating its resolvability assessment of the major UK firms

03/07/2023

£400m wealth management firm accelerates national expansion via new partnership

At the heart of the partnership is ThinCats’ ability to provide MWA with access to its pool of transitional debt capital, which provides existing IFAs with a “distinctive and attractive” alternative to the large number of consolidators i

03/07/2023

Addleshaw Goddard: Financial Services & Banking News

The inquiry coincides with the 25th anniversary of the Bank of England Act 1998, which gave the Bank independence, and will examine how operational independence is working.

03/07/2023

Linklaters acts for joint lead managers of record Luxembourg sovereign bond issue

The bonds are listed on the regulated market of the Luxembourg Stock Exchange.

03/07/2023

Two individuals face FCA fines for ‘flawed’ DB transfer advice

Both partners held approved person status at their firm.

03/07/2023

Millions released from dormant accounts to support vulnerable people with cost of living

£76 million tied up in forgotten accounts to be used to support people to get out of debt and assist social enterprises with innovative energy saving solutions.

03/06/2023

UK trade body for investment management joins IOSCO

IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation.

03/06/2023

German banks accused of short-changing savers with low rates

CIO David Herro questions ‘future of franchise’ after years of scandal and client exodus as shares hit new low

03/06/2023

ECB’s first chief economist says bank acted too late on inflation

Pioneer of single currency warns of further 'shocks’

03/06/2023

Personal Injury Claims in Jersey

It used to be the case that if you lost your case, you would usually be liable to pay the defendant’s costs.

03/03/2023

Implied terms and unjust enrichment: silence in court

The High Court held that Mr Barton was not entitled to anything as there was no contractual obligation on Foxpace to pay him if the property sold for less than £6.5 million.

03/03/2023

Addleshaw Goddard: Financial Services & Banking News

The guidelines set out in this consultation provide overarching guidance for global and domestic market practices

03/03/2023

Bank of England signals base rate may have hit stable point

The base rate currently sits at 4 per cent as of the last meeting of the monetary policy committee at the beginning of February - a fifteen year high.

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