09/14/2022
Banks and technology partners join EU-wide pilot of digital IDs
The consortium’s proposal focuses on payments, one of the top priority use cases in the EU’s digital ID wallet vision.
Legal, Regulation & Compliance
09/13/2022
Parties scrapped and bells toll as UK finance sector pays respect
The Bank of England set the tone swiftly after the Queen died on September 8
09/13/2022
FCA seeks £306m Woodford redress bill from Link
The regulator said the decision was not final and could be challenged by Link.
09/13/2022
RBC’s £1.6bn Brewin deal jumps final regulatory hurdle
Royal Bank of Canada's mega deal for Brewin Dolphin has received approval from the Canadian regulator, with the takeover set to complete later this month.
09/12/2022
EBRD and DSK Bank strengthen competitiveness of firms in Bulgaria
The two partners are reactivating and increasing an unfunded risk participation framework agreement from €30 million to €75 million.
09/12/2022
European pension funds must start clearing next year – EC
Exemption preventing pension funds from mandatory clearing will come to an end permanently in June 2023
09/09/2022
ECB interest rate hike is a sideshow to the increasing
More important is the disappointing lack of news on measures to be deployed to reduce the risk of another sovereign debt crisis.
09/09/2022
Are you a UK Limited Company Sole Director?
It has long been acknowledged that two of the UK ‘Model Articles’ for limited companies appear to be in conflict with one another.
09/09/2022
ECB raises rates by 75bps
The move, which had been expected and was already priced into bond markets, came despite concerns over a possible recession in the eurozone.
09/09/2022
Steph Wilcox: Will pensions dashboards be the perfect advice match?
The pensions dashboard opens up real opportunities for financial advisers, with technology inevitably at the forefront of the charge
09/09/2022
FCA outlines its updated approach to alternative asset management supervision
The FCA acknowledged that most firms in the alternatives space deal with professional clients, and those firms should expect the FCA to supervise them proportionately.
09/09/2022
Better Retirement Group under investigation by FSCS
The FSCS cannot yet confirm the number of claims against the firm.
09/08/2022
Addleshaw Goddard: Financial Services & Banking News
In June 2022, the Committee report on the future of financial services regulation called for the FCA to have regard to financial inclusion in its rulemaking and provide an annual report on the state of UK financial inclusion.
09/08/2022
Fighting financial crime – the force multiplier effect
Speech by Sarah Pritchard, Executive Director, Markets, at the Financial Crime Summit – 1LOD.
09/08/2022
Two advice firms fail with BSPS and mortgage claims
“In the last financial year, we had 397 home finance claims in total, versus 8,895 in the class that includes pension and investment advice.”
09/08/2022
White & Case advises bank syndicate on issuance of green federal bond with principal amount of €5 billion
The Federal bond has a principal amount of €5 billion, a five-year term and a fixed coupon of 1.30%.
09/08/2022
The Prudential Regulation Authority publishes discussion paper setting out its proposed approach to policy-making
The PRA will act within a strong policy and accountability framework set and overseen by Parliament
09/07/2022
The ECB will need to act ‘forcefully’ with an aggressive move of 75 bps to tame inflation.
At this stage, the Governing Council will in our opinion opt for a restrictive stance despite economic slowdown.
09/07/2022
Britain's Lloyds racks up $350mln of likely scam COVID loans
Lloyds is the worst hit among big banks by net amount, and also saw a higher ratio of likely fraud
09/07/2022
EU triggers Convention to help businesses enforce foreign court rulings
The Convention will be binding on all EU member states other than Denmark.