04/28/2023
Financial Services & Banking News
The FCA's latest findings indicate that in H2 2022, financial services firms received 1.79 million complaints
Legal, Regulation & Compliance
04/28/2023
Scottish Widows tops complaints list for pensions and investments
When just looking at the decumulation and pensions category, Coutts had 120 per cent of its complaints upheld, followed by LV (88.82 per cent) and Scottish Widows (86 per cent).
04/28/2023
BoJ indicates shift from dovish policy with new review
Drops forwards guidance
04/28/2023
Watchdog critical of Government of Jersey's risk management
The Comptroller and Auditor General (C&AG) has published its follow-up report on the island's integrated technology solution (ITS).
04/28/2023
Microsoft to appeal CMA block on Activision deal
It is the second time in recent months that the CMA has intervened in relation to a global merger in the technology sector – in October last year it ordered Meta to sell Giphy amidst concerns over the merger’s impact on access to GIFs across s
04/28/2023
Proposed changes in EU securitisation guidelines pose challenges to cross-border deals
The EBA’s existing guidelines on the STS criteria only concern ‘traditional’ securitisations: asset-backed commercial paper (ABCP) and non-ABCP transactions.
04/28/2023
Pensions disputes: cases highlight clear customer communication importance
Mr N complained to the provider that the discount should be applied to the income drawdown account.
04/27/2023
Hungary cenbank cuts top of rate corridor by 450 bps to 20.5%
The interest rate corridor is used to guide interbank markets toward the policy rate, putting limits on rate-setting
04/27/2023
Carey Olsen shortlisted twice in Hedgeweek's European Digital Assets Awards
The nominated service providers have been selected based on a survey of more than 100 digital assets fund managers.
04/26/2023
Monetary policy: prices versus quantities - speech by Ben Broadbent
Given at the National Institute of Economic and Social Research
04/26/2023
Regulation of Digital Assets in the UK
Growing up in the 80s and 90s, it was never normal or popular to be a bookworm.
04/26/2023
UK government publishes Digital Markets, Competition and Consumers Bill
The new rules in the Bill will allow the Competition and Markets Authority (CMA) to decide when consumer law has been broken, rather than having to take each case to court.
04/26/2023
Finma: Important Lessons to be Learned from Credit Suisse
Each year, the systemically important banks in Switzerland have to submit plans on how they can stabilize themselves in the event of a crisis.
04/25/2023
European Green Deal: New EU-Norway Green Alliance to deepen cooperation on climate, environment, energy and clean industry
This Green Alliance makes our bond even stronger and allows us to design a better future together.
04/25/2023
Losing data adequacy not a ‘complete disaster’, says Whittingdale
The UK government has previously described the proposed new Bill as a “common-sense-led UK version of the EU’s GDPR”
04/25/2023
Comentis launches vulnerability support framework
The FCA estimates that, at any one time, over 50 per cent of the adult population is experiencing circumstances that could result in a vulnerability.
04/25/2023
FCA warns investors about mismanagement of trust schemes
UK watchdog says it has seen cases of trustees making ‘unsuitable investments’
04/24/2023
The Companies Registration Office Wants to Know you Better
Part of the actions to combat these suspected fraudulent entities was to bring in a requirement for all directors to provide Personal Public Service (‘PPS’) numbers on appointment and on their Annual Return filings.
04/24/2023
ESMA finds data quality significantly improves under new monitoring approach
The new framework, adopted in 2022, takes a more data-driven and outcome-focused approach to data monitoring and to collaborating with the NCAs on data quality issues under EMIR and SFTR.
04/24/2023
FCA restricts wealth management firm over client money concerns
It also noted that the firm failed to obtain appropriate acknowledgment letters for client bank accounts where client money is held.