02/24/2025
With the rise of social media and advanced scamming techniques, banks are increasingly confronted with a type of fraud called Authorized Push Payments (APP).
02/24/2025
The review focused on delivery of suitability reviews as firms generally included these as part of their ongoing advice service.
02/21/2025
The GFSC imposed a reduced fine of £294,350 with ‘full cooperation’ from Blacktower
02/21/2025
Given at the UK T+1 Accelerated Settlement Market event, hosted by KPMG
02/21/2025
The likelihood of receiving a counterfeit is low, as the number of counterfeits is very small in proportion to genuine euro banknotes in circulation.
02/21/2025
Banks agree to pay fines for past exchanges of sensitive information about UK government bonds.
02/20/2025
On 6 February 2025, the Accelerated Settlement Taskforce published its final report recommending a detailed implementation plan for the UK to move to a T+1 standard for settling securities trades.
02/20/2025
The approach we consulted on in the CP was informed by the responses we received to the DP.
02/19/2025
Since the turn of the monetary policy cycle in 2023, money market funds have seen significant inflows, but we think the peak has been reached.
02/19/2025
A ‘comprehensive analysis’ of the regulatory requirements could help ensure a ‘level playing field with other major jurisdictions’ the bankers said
02/19/2025
During this tightening phase, we used policy rates as the primary tool for setting our monetary policy stance, while normalising our balance sheet in a measured and predictable way.
02/19/2025
The uncertainty that this can open up is considerable.
02/18/2025
Mako also failed to adequately apply the policies and procedures it did have in place.
02/17/2025
Nvayo is authorised by the FCA to issue electronic money (e-money) and provide payment services.
02/17/2025
The growth of Luxembourg’s private banking sector has been impressive, with assets under management rising to €628bn.
02/14/2025
The directory features the top 250 individuals chosen by their own peers within the private wealth industry.
02/14/2025
Both sides also noted the importance of continued cooperation in other areas, such as anti-money laundering and sanctions.
02/14/2025
The firm provided financial advice on investments, insurance, and pensions, but was not authorised to hold or control client money.
02/13/2025
The Macfarlanes team was led by Insurance Partner Andrew Barton and Senior Counsel Madison Kaur.
02/13/2025
The FCA’s retirement income market data also shows that more than 145,000 DC pension plans over £30,000 were withdrawn at likely unsustainable rates of 8% and above.