01/03/2025
European Payments Council seeks API test toolbox provider for VoP scheme
The VoP scheme developed by the EPC is due to come into effect on 25 October 2025
Legal, Regulation & Compliance
01/03/2025
UK banks face higher fee requirement to use Post Office network
This proposal suggests the next banking framework could cost between £350m and £400m annually.
01/02/2025
FCA Issues Warning on Unauthorized Meme Coin Project as Illegal Ads Persist
The regulations stipulate that all digital asset promotions must receive approval from the FCA or an FCA-authorized business before publication.
01/02/2025
PRA Regulatory Digest - December 2024
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
12/31/2024
Retail chain bankruptcies surge as companies struggle to stay relevant
High-profile retail chains such as The Body Shop, Dunkin’ Donuts, and Blokker have shuttered stores across the country, reflecting a troubling trend in the sector.
12/31/2024
EU IMA users maintain edge in keeping risk charges compressed Aggregate market
RWAs increased slower in 12 months to June than at banks using SA only
12/30/2024
Outlook for Defined Benefit Pensions
But we envisage there will be more policy focus on DB schemes in the coming year.
12/30/2024
ESAs are recruiting Heads of Unit for their DORA Joint Oversight Team
The Heads of Unit, who will be assigned to each ESA, will be part of the DORA Joint Oversight Team.
12/30/2024
The EBA responds to a law firm on the treatment of some legacy instruments of Banque Fédérative du Crédit Mutuel
Therefore, it is the EBA’s view that BFCM should target the redemption of these instruments.
12/30/2024
City regulators to start oversight of tech firms that provide ‘critical’ services to UK
New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at risk
12/27/2024
Consolidated financial statement of the Eurosystem as at 20 December 2024
This was due primarily to the change in the level of the deposit facility (liability item 2.2) and the longer-term refinancing operations (asset item 5.2).
12/27/2024
French Regulator Urges Better ESG Reporting to Support Carbon Neutral Strategy
The AMF’s study of seven French financial institutions and their European counterparts highlights a lack of coherence between taxonomy reporting, ESG strategies, and other corporate disclosures.
12/27/2024
SEC fines Deutsche Bank $4 million for late filing of suspicious activity reports
Deutsche Bank Securities has agreed to pay a $4 million civil penalty to settle the SEC’s charges.
12/27/2024
Islands need full transparency in fight against dirty money, UK Government says
The Crown Dependencies have company beneficial ownership registers and they share data from these with UK law enforcement via the Exchange of Notes arrangements.
12/27/2024
Colbourne & Company declared in default by Financial Services Compensation Scheme
This means the firm is no longer trading.
12/27/2024
Bahamas' strong financial services laws, products highlighted at STEP Asia
“STEP Asia was a highlight to end the last quarter of 2024,” said Lawrence.
12/24/2024
BaFin and ECB approve Germany’s DekaBank for crypto custody
But let’s not get too excited—this is Germany, after all, where regulation is the order of the day, and every action is measured.
12/23/2024
UK regulator reportedly restrains FNZ, makes platform precedent
Earlier this year the UK financial regulator handed FNZ a so-called ‘section 166’ notice, triggering a review by an independent ‘skilled person’.
12/23/2024
Rule changes proposed by FCA to boost investment
In practice these documents were often complex, unclear, and could miss important points.
12/23/2024
FCA executes search warrants in investigations involving unauthorised business
The operations were conducted because the individuals are suspected of being involved in debt and claims management activities when they were not authorised by the FCA to do so.