05/16/2023
EU Weighs Easing Burden for Banks Dealing With Wealthy Clients
That means banks stand to boost fee income if transactions are facilitated.
Legal, Regulation & Compliance
05/16/2023
Aviva boss David Martin on empowering branches for brokers and delivering growth
It is a sign that we are empowering the local regions to make decisions
05/16/2023
Addleshaw Goddard: Financial Services & Banking News
Among other things, the report concludes that the PAD has, in general, helped to create transparency and comparability of payment account fees.
05/15/2023
Corfinancial implements CSDR compliance software at Man group
With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.
05/15/2023
FCA censures Lighthouse Advisory Services Limited for serious failings in relation to the British Steel Pension Scheme
Quilter provided very high levels of cooperation to the FCA during the investigation.
05/15/2023
Business can benefit from changing UK approach to data protection exemptions
Under the REUL Bill, Article 23 and Articles 9 and 10 of the UK GDPR will no longer take precedence.
05/12/2023
Financial Services & Banking News
The policy statement also contains the PRA’s final policy
05/12/2023
Australia-UK free trade agreement: Preparations for goods traders
These benefits will not be automatic—a claim for preferential tariff treatment will need to be made for every consignment, and will depend on the goods satisfying the relevant rules of origin for the A-UKFTA.
05/12/2023
Stephenson Harwood advises Liberum on Castelnau's £56.6m placing
This transaction will significantly increase Castelnau's market cap and provide investors with exposure to Dignity as a private company.
05/11/2023
BIS publishes guide on offline CBDC use
The degree to which CBDCs will be provided or used offline will vary significantly by country, region, demographics and specific contexts, which will also influence the solutions chosen.
05/11/2023
Home REIT declines further sale deadline extension to Bluestar Group
Lack of board engagement
05/11/2023
ESMA postpones to 2024 the annual IFRS amendment of the ESEF
ESMA will monitor the implementation of the ESEF requirements
05/11/2023
UK financial fraud hits £1.2bn but APP losses dip
Unauthorised fraud losses across payment cards, remote banking and cheques reached £726.9 million in 2022, a decrease of less than one per cent.
05/10/2023
Liquidation-hit wealth manager under investigation
UK lifeboat scheme is now accepting claims against the company
05/10/2023
ECB's Schnabel sees more rate hikes until core inflation declines too
In her presentation, Schnabel also said inflation momentum in the euro zone remained high for all items except energy, and price pressures were broadening to most components in the consumption basket.
05/10/2023
Low income pensioners urged to apply for Pension Credit as deadline looms
The importance of claiming this credit if eligible cannot be overstated, especially considering the financial challenges that many households across the country are currently facing.
05/10/2023
Addleshaw Goddard: Financial Services & Banking News
The PRA received nine responses to the consultation paper, of which the majority agreed with the proposals.
05/10/2023
FCA warns of impending Consumer Duty deadline
The current cost of living squeeze makes it all the more vital consumers get fair value, and this should also benefit the competitiveness of the industry as firms strive to offer the best to compete for customers.
05/09/2023
Bank of England to hike interest rates for 12th time in a row and forecast falling inflation
Bank Governor Andrew Bailey and the rest of the MPC are likely to be lured into the decision by inflation remaining stubbornly high and the economy consistently defying the Bank’s downbeat projections.
05/09/2023
CJEU clarifies scope of right to obtain a copy of data under GDPR
The CJEU also said the information provided must "enable the data subject to ensure that the personal data relating to him or her are correct and that they are processed in a lawful manner".