12/21/2023
Addleshaw Goddard Financial Services & Banking News
The CMA and BoE intend to review the MoU at least every 5 years
Legal, Regulation & Compliance
12/21/2023
Proposed new rules to encourage companies to list in the UK and other market improvements set out by financial watchdog
The FCA is suggesting disclosures for significant transactions while keeping sponsor scrutiny of related party transactions, rather than the current mandatory votes.
12/21/2023
IA's Karis Stander: Industry has to 'drive forward' on diversity in wake of Crispin Odey scandal
Data headwinds
12/20/2023
Proof of value a key challenge for firms as industry shifts focus to consumer
Outlook for 2024
12/20/2023
Cyber resilience good practice for firms
Cyber resilience is a top priority for us, the Bank and PRA.
12/20/2023
BoE's newest rate-setter Breeden warns further tightening cannot be ruled out
Important for policy to remain 'restrictive'
12/20/2023
EIB Group and BNP Paribas sign new securitisation transaction to support French small businesses and mid-caps
The securitisation transaction has been structured to achieve optimal risk-weighted asset relief over the next five years
12/20/2023
The Swiss Advantage: Why choose Switzerland for your next FDI venture
From company formation to tax filing and payroll services, IQ-EQ Switzerland offers a complete suite of corporate administration services
12/19/2023
FCA responds to the Complaints Commissioner’s Final Report into Premier FX Limited
The failure of Premier FX caused serious worry for people who had entrusted it with their money.
12/19/2023
An increase in the current deposit coverage level of EUR 100,000 would have limited impact on financial stability and depositor protection, an EBA simulation shows
On the other hand, it would be costly and have a somewhat negative impact on moral hazard.
12/19/2023
GDPR cyber liability and compensation rights clarified by EU court
In its ruling, the CJEU also provided further clarification of the circumstances in which individuals may be eligible for compensation in the event their personal data is compromised in a cyber incident.
12/19/2023
Banks underpricing exposure to climate risks - ECB
The report follows three previous ECB/ESRB reports on climate risk and is part of the ECB’s broader response to climate change.
12/19/2023
Aegon UK signs Finance for Biodiversity Pledge
The Finance for Biodiversity Pledge commits signatories to undertake a number of actions
12/18/2023
The EBA publishes roadmap on the implementation of the EU Banking Package
The Banking Package also includes some innovations to the European prudential framework of credit institutions with a number of mandates for the EBA.
12/18/2023
The Border Target Operating Model – what it is and what it means for your business
The Border Target Operating Model (BTOM) is a document published by the UK Government, outlining the strategy and processes for how the UK’s border should be managed in the wake of the UK’s exit from the EU.
12/18/2023
PS18/23 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
PRA policy statement 18/23 ꞁ FCA policy statement 23/19
12/18/2023
abrdn cuts employee benefits to reduce costs
Redundancy payments and parental leave
12/18/2023
Unlicensed Zurich IAM accused of fraud
Wetzikon-based Zwide has been accused of copying an independent asset manager in Germany.
12/15/2023
FCA welcomes the launch of industry code of conduct for ESG ratings and data products providers
The code launched will provide a benchmark for any providers that fall outside the scope of potential future regulation.
12/15/2023
Woodford investors give compensation scheme the go-ahead
Provisional numbers released after the meeting showed 93.7 per cent of investors backed the proposals.