02/23/2022
Strathkelvin Credit Union enters administration
Strathkelvin Credit Union enters administration
Legal, Regulation & Compliance
02/23/2022
FCA: Recent statements by Bitpanda
The FCA can take steps to suspend or cancel the registration of a cryptoasset business if it is not satisfied the firm or its beneficial owner is fit and proper.
02/23/2022
EU considers time limits for FRAND licensing negotiations
UK law makers are considering introducing such a system too.
02/23/2022
Financial Regulation: Daily Update
The FCA reminds firms that where it identifies failings in financial crime systems and controls, it can impose restrictions and/or take enforcement action.
02/23/2022
Financial Services and Banking News
Mr Glen explains that HM Treasury has made excellent progress
02/22/2022
Gina Miller calls for independent review of the FCA
Miller argued that the report also revealed the regulator’s decision to “act illegally”.
02/22/2022
Shocks, uncertainty and the monetary policy response
Speech given by Dave Ramsden, Deputy Governor for Markets, Banking and Resolution
02/22/2022
FCA: ‘It can be difficult to have a sensible levy’
Last year, the FSCS forecasted a levy of £900m for 2022/23, and advisers will yet again contribute the maximum £240mn.
02/22/2022
Sweden's Riksbank exits Phase 2 of CBDC technical tests
All the tests, analyses and investigations carried out will form a base for this work. We will also draw on experience from the rapid international development that is now taking place in this field.
02/22/2022
E-signatures for executing deeds and the case for clarifying the law in Northern Ireland
The group described SES as “the most basic form” of e-signature in wide use in the UK.
02/22/2022
Financial Regulation: Daily Update
The FCA will update on next steps once it has developed its thinking further, including potentially in its feedback to the Call for Input on the Pensions Consumer Journey, which the FCA plans to publish in the first half of this year.
02/21/2022
Deutsche Bank Warns Staff Not to Delete WhatsApps Amid Scrutiny
It also reminded them that using messages sent from private phones for business is a violation of company policy.
02/21/2022
Finma contacts Credit Suisse after leak reveals criminal clients
The Organized Crime and Corruption Reporting Project alleged Credit Suisse flouted international banking rules by having human rights abusers and criminals as its clients.
02/21/2022
German Constitutional Court rejects complaints against federal states' climate protection laws
The Court concluded that as long as no specific measure has been taken, no invasion of fundamental rights has occurred and thus no constitutional complaint can be brought.
02/21/2022
Half of FCA staff considering quitting over pay proposals
More than half of the FCA’s staff have told the Staff Consultative Committee they are considering quitting if the regulator’s executive team brings in its pay proposals.
02/21/2022
Financial Services & Banking News
While the ECB is supportive of the proposed initiatives, it recommends some amendments and has published drafting proposals in technical working documents attached to each opinion.
02/21/2022
Financial Regulation Daily Update
The UT also dismissed the company's application for disclosure of documents relating to the FCA's decision-making process with regard to the Decision Notice.
02/20/2022
Financial Regulation Daily Update
The FCA also reminds firms that it is a criminal offence to proceed with transactions before it has made a decision or before the statutory assessment period has expired.
02/18/2022
Financial Regulation: Daily Update
The report also highlights considerations for the regulatory framework and how it can support the adoption of AI.
02/18/2022
Firms still need certainty and time to implement FCA’s Consumer Duty
More broadly, PIMFA argues the proposed implementation period of nine months is insufficient and does not reflect the importance the FCA has itself placed on the Duty’s wider impact on financial services.