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New FCA report highlights technology change risk to consumers

It has published a report of its findings, including steps that firms can take to protect consumers from harm and disruption in the market.

Bank of Valletta plc: An update on recent developments

However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.

Hedge Fund Employee Loses Bid to Halt Extradition in Cum-Ex Case

He had already lost a bid to challenge the warrant based on Brexit.

FCA finds the Covid-19 pandemic leaves over a quarter of UK adults with low financial resilience

This figure is up 15% since the FCA completed its FLS in February, when 24.0 million displayed characteristics of vulnerability.

Business Crime: developments to watch in 2021

After a year of unprecedented disruption, we consider recent major developments in the business crime sphere and what to expect in 2021

Financial Regulation: Daily Update

The firm was consequently left unable to meet potential liabilities for unsuitable advice, while the director was able to retain accrued profits.

Bank of England chief's evidence to MPs questioned by former senior judge

Row over report into LC&F collapse escalates as ex-high court judge disagrees with Andrew Bailey’s evidence

Investec to cease structured product offers in retail market

Investec recently joined the string of providers removing value added tax from managed portfolio services, lowering the cost of the service for advisers.

Key pain points of SMCR

In this episode, we would like to further explore the key pain points of the SMCR.

Goldilocks and the three pillars: how much capital is just right? - speech by Anna Sweeney

Speech given at the Westminster Business Forum

Societe Generale gives all employees the right to work from home for up to two days a week

Caroline Guillaumin, SocGen's head of human resources, explains: "We felt it essential to quickly define a new work structure that would meet the expectations of our employees after the unique experience of remote working, which we had to set up

Scottish court confirms use of English sentencing guidelines in fire safety cases

The court decided that “the true level of culpability might be described as at the lower end of high, or the higher end of medium”.

Gowling WLG Corporate Activity: 12 Month Review, and the Year Ahead

Keen to find out how Gowling WLG can support your continued success in 2021?

FCA 'Dear CEO' letter: Supervision strategy for retail banking portfolio

The FCA expects CEOs of retail banks to discuss this letter with fellow directors and the Board and agree what further action may be required to ensure the firm meets the requirements and expectations set out by the FCA.

Eurodad reaction to today's OpenLux revelations

The OpenLux investigation shows us two things. Firstly, transparency works, and secondly, that we have a long way to go before the EU can declare itself free of tax havens.

PIMFA calls on Government to include economic harm in Online Safety Bill as members report rise in increasingly sophisticated online scams

PIMFA and its members believe that, such is the extent of fraud, the only solution is to enshrine in law additional consumer protections that would tackle the growing threat from online fraudsters.

Legal, Regulation & Compliance