03/13/2023
FCA confirms help for struggling mortgage borrowers and reveals rosier forecasts
FCA confirms help for struggling mortgage borrowers and reveals rosier forecasts
Legal, Regulation & Compliance
03/13/2023
Will the European Central Bank signal further rate rises are coming?
Some ECB-watchers think that after eurozone inflation overshot expectations in February — with core price growth excluding energy and food accelerating to a new record high — the bank will want to signal that significant rate hikes lie ahead.
03/13/2023
FINMA sees no sufficient grounds for proceedings following investigations into statements on outflows of client funds at Credit Suisse
Against this background, FINMA is informing the public about its activities in this matter. FINMA has investigated whether the statements give rise to indications of a violation of financial market law, which must be clarified within the framework of supe
03/13/2023
UK Digital Markets, Competition and Consumer Bill could have major impact on subscription providers
The UK’s Competition and Markets Authority (CMA) also actively enforces consumer protection law and has previously investigated auto-renewal subscription contracts involving anti-virus software and published guidance in this area.
03/13/2023
Bank of England report on climate-related risks and the regulatory capital frameworks
This report sets out the Bank's latest thinking on climate-related risks and regulatory capital frameworks.
03/13/2023
FCA: As a regulator it's hard to tell people ‘prices will go up’
Sometimes it's hard, as a regulator, for you to say that to people, your prices will go up.
03/13/2023
Hargreaves Lansdown calls for Lifetime Isa penalty to be reduced
A penalty is incurred when a consumer draws money from a Lifetime Isa, or transfers the savings to another type of Isa before age 60.
03/10/2023
FCA takes further action against unregistered crypto ATMs in East London
Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this.
03/10/2023
Philippe Donnet receives the Foreign Policy Association’s Corporate Social Responsibility Award
The award is a recognition of the Generali Group CEO’s commitment to sustainability
03/10/2023
FCA authorises first Long Term Asset Fund
The FCA is currently inviting views on ideas about how to further improve asset management regulation with a more modern and tailored regime, to make sure the regime takes account of developments in technology and supports innovation.
03/10/2023
ESMA and ACER update Memorandum of Understanding to strengthen cooperation
The MoU notably incorporates new cooperation areas under the market correction mechanism (MCM) Regulation and benchmarks related to the energy sector.
03/10/2023
Norway's wealth fund investigates firms suspected of financial crime
The Norwegian fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines or tobacco, or that are implicated in crimes such as money laundering, tax evasion or human rights violations.
03/10/2023
4 bankers have been accused of helping Putin launder $50 million
Putin is believed by some to have accrued vast wealth during his time as Russian leader.
03/10/2023
AXA IM gains French crypto licence for tokenised funds
Looks to tokenise funds
03/10/2023
EU regulator should rethink fund labelling proposals, says industry
Definitions in consultation paper need more clarity, according to leading players in the sustainable and impact investing sector.
03/10/2023
Two sides of the same coin – delivering monetary and financial stability timelessly
Speech by Sarah Breeden
03/10/2023
FCA confirms help for mortgage borrowers struggling with payments
Today’s publications build on work the FCA has already done to make sure firms treat customers fairly and support those struggling financially due to the rising cost of living.
03/10/2023
Is it time to scrap the money purchase annual allowance?
The MPAA limit is restrictive if retirees are returning to work, which the government is encouraging
03/10/2023
Hargreaves Lansdown removes fees on Junior and Lifetime Isas
This applies to all Lifetime Isa accounts and is a permanent change.
03/09/2023
‘Failure to prevent economic crime’ duty proposed for UK regulators
Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.