09/27/2023
UK Regulators Come Together to Warn Against Using Harmful Online Design
Both regulators stressed their commitment to take formal enforcement action where necessary to protect consumers.
Legal, Regulation & Compliance
09/26/2023
The FCA and PRA propose measures to boost diversity and inclusion in financial services
The proposals include new rules and guidance to make clear that misconduct such as bullying and sexual harassment poses a risk to healthy firm culture.
09/26/2023
ECB needs to be cautious about doing too much on rates - Villeroy
The ECB raised its main interest rate to a record high 4% this month after 10 successive hikes, but signalled a pause in October.
09/26/2023
FCA: financial knowledge must improve for markets to thrive
The authority outlined that, for them, “confidence is key” as “markets work well if there is investor and consumer confidence”.
09/26/2023
FCA: Changes to listing rules will make UK 'market of choice'
Under planned changes the FCA would replace its existing ‘standard' and ‘premium' listing segments with a single category for equity shares in commercial companies.
09/25/2023
EBA launches 2023 EU-wide transparency exercise
The EBA expects to publish the results at the beginning of December, together with the annual Risk Assessment Report.
09/25/2023
Advice/Guidance review may lead to simpler advice services as part of a wholesale review, says FCA
All of which would help them make better informed financial decisions.
09/25/2023
Euro Inflation Holds Key to How Long ECB Rate Squeeze Will Last
Bloomberg Nowcast sees euro-zone price growth slowing to 4.6%
09/25/2023
Reconstruction plan angers German central bankers
he institute has said that the losses are likely to consume more than 20 billion euros in provisions and capital in the coming years.
09/25/2023
Andy Bell: FOS will make or break new advice guidance boundary rules
These options are likely to focus on both improving access to regulated advice and making it easier for firms to offer more personalised guidance to customers.
09/22/2023
FCA cancels advice firm's permissions over £11,000 unpaid fees
Failed to do business in a 'sound and prudent' manner
09/22/2023
Bank rate maintained at 5.25% - September 2023
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
09/22/2023
Addleshaw Goddard: Financial Services & Banking News
GFANZ defines transition finance as investment, financing, insurance, and related products and services that are necessary to support an orderly real-economy transition to net zero.
09/21/2023
New FCA gateway for firms approving financial promotions in the UK
Under the new regime, an approver will be required to file regular notifications to the FCA and all approvers will be subject to bi-annual reporting requirements.
09/21/2023
Naylors Finance Limited enters administration
All existing loan agreements remain in place and the Joint Administrators will provide updates to customers as soon as possible.
09/21/2023
Lloyds Bank completes first digital trade transaction under new UK legislation
The Act will also significantly reduce the environmental impact that paper documentation has, while reducing the cost and time taken to conclude international trade transactions.
09/21/2023
Wren Sterling adds £250mn AUM with south west deal
Twining said Keith Stockdale and his team have the “entrepreneurial drive” the firm is looking for and a very loyal client bank.
09/20/2023
FCA sets out initial findings on bank account access and closures
The FCA will be doing further work with firms to verify the data and to better understand the reasons behind, for example, the closure of accounts due to reputational risk.
09/20/2023
HMSA joins the 16% of applicants who have a Finma trustee licence
The wealth-planning specialist is the latest firm to be authorised as the regulator works through its lengthy backlog.
09/20/2023
Online Safety Bill passes final reading in the Lords – positive reaction
The legislation establishes a ‘Duty of Care’ on social media websites and search engines, making them more responsible for the content they publish for the first time.