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Legal, Regulation & Compliance

10/31/2019

Supreme Court upholds first successful claim for breach of the so-called "Quincecare" duty of care

The Supreme Court's judgment in this case follows hot on the heels of the Court of Appeal's refusal to strike out a Quincecare duty claim in JPMorgan Chase Bank

10/31/2019

BoE speech on openness and integration in Fintech

The UK financial sector is a national asset and a global public good.

10/31/2019

New Regulations Force Financial Services Firms to Ramp Up Investment in Outsourcing

The survey shows that few financial services organisations try to go it completely alone with data.

10/31/2019

FCA appeals to victims of illegal money lender

We have been in contact with victims already but we know there are more out there.

10/30/2019

Vatican cardinals linked to missing millions and financial scandal

The debt was the result of an APSA loan to a non-profit partnership between the Vatican’s Secretariat of State and an Italian religious order

10/30/2019

Canaccord Genuity sued over film scheme losses

Scores of celebrities, politicians, sports stars such as footballer David Beckham

10/30/2019

FCA speech on the future of financial services regulation in the UK

The House of Commons has published a written statement by John Glen explaining the directions.

10/30/2019

Proposal for a temporary transitional power to be exercised by UK regulators

This publication set out HM Treasury’s proposal for a temporary transitional tool to be exercised by the UK regulators.

10/30/2019

The EBA calls on the European Commission to take action to facilitate the scaling up of cross-border activity

The first important challenge is the identification of when a digital activity is to be regarded as a cross-border provision of services.

10/30/2019

German central bank boss warns against climate role for regulator

Incoming ECB president Christine Lagarde recently argued that it should be a priority for central banks and supervisors to look at how they can contribute to mitigating climate change.

10/30/2019

Swedbank Faces Bigger Risk of Fines as Watchdog Weighs Sanctions

The investigation is like a cloud hanging over Swedbank, so the sooner the FSA reaches a decision, the better,” said Joakim Bornold, a savings advisor at Soderberg & Partners in Stockholm.

10/29/2019

Hargreaves clients approach law firm about Woodford case

It is examining ‘representations’ the platform made about Woodford Equity Income

10/29/2019

KKR adds Deutsche Bank to defence supplier Hensoldt's IPO lineup - sources

It employs 4,400 staff and has annual sales of 1.1 billion euros.

10/29/2019

Russian c.bank to soften capital regulation on some banks - bank official

Other banks in Russia calculate their credit risk according to central bank criteria, despite wanting to base their capital allocations on ratings by domestic ratings agencies.

10/29/2019

Central-bank digital currencies: proceed with caution

Account-based CBDCs would make it possible for private households and corporations to open an account with the central bank.

10/29/2019

FCA boss: Keep retail and institutional investors apart

Bailey said Kent council’s request was “the very proximate cause” of the freezing of the Equity Income fund.

10/29/2019

Lloyds Bank fails to pass on wills of 9,000 deceased customers

However, it estimated that in hundreds of cases, customers’ estates were incorrectly distributed.

10/29/2019

Treasury Committee report on IT failures in financial services sector

Regulators must act to reduce unacceptable number of IT failures in financial services sector, warns Treasury Committee

10/29/2019

EU Exit: HMT speech on post-Brexit financial services sector

The UK Financial Services Beyond Brexit Summit: Economic Secretary's speech

10/29/2019

Monetary policy and open questions in international macroeconomics - speech by Silvana Tenreyro

Given at the John Flemming Memorial Lecture, London

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