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Legal, Regulation & Compliance

08/15/2023

FCA analysis reveals there are fewer than 1 million interest-only mortgages outstanding

This means borrowers without a repayment plan still have time to act and reduce at least some of their outstanding capital by the end of their mortgage.

08/15/2023

UK – Court of Appeal overrules first instance judge on Bitcoin File Format question

Since some of the defendants were based outside of the jurisdiction, Dr Wright required permission of the court to serve his claim form.

08/14/2023

Q2 2023 Global Regulatory Update

The second quarter saw a multitude of regulatory updates across many key jurisdictions.

08/14/2023

ESA’s Joint Board of Appeal dismisses appeal by Euroins Insurance Group AD against the European Insurance and Occupational Pensions Authority

The appeal was brought in relation to an EIOPA Report assessing the valuation of Euroins’ technical provisions.

08/14/2023

Supervisory cooperation in the fight against financial crime is improving, the EBA finds

The Report highlights good practices that will be useful for competent authorities to further improve the effectiveness of AML/CFT colleges and of supervisory outcomes.

08/14/2023

Spain nominates Nadia Calviño to run European Investment Bank

Finance minister will face Margrethe Vestager in race for top job.

08/14/2023

Credit Suisse Shareholders File Suit in Zurich Court

More than 500 people are behind the lawsuit. Shareholders had suffered heavy losses when the bank was rescued by UBS in March.

08/14/2023

UK-based financial advice firm fails

Lifeboat scheme has received five claims related to pension transfers and Sipps

08/14/2023

L&G set to reveal profit hit as insurers tackle new accounting rules

New rules introduced from January this year are expected to hamper reported profits for insurance firms in the short term.

08/11/2023

The role of housing wealth in the transmission of monetary policy

Over recent years, many advanced economies experienced a significant rise in real house prices that became even more marked during the pandemic.

08/11/2023

Dutch lender De Volksbank faces fine over money laundering safeguards

The bank, which incorporates several smaller Dutch banks such as SNS and ASN, disclosed the findings along with its first-half results.

08/11/2023

Addleshaw Goddard: Financial Services & Banking News

The FCA are also actively engaging the largest payments firms on this topic.

08/11/2023

EY strikes AI deal to help clients fight financial crime

EY has allied with SymphonyAI to help finance clients fight fraud

08/10/2023

FCA finds fund managers’ value assessments significantly improved, but still work to do

Since then, the FCA has worked closely with industry to encourage a greater focus on assessment of value, to drive improved value for money for investors.

08/09/2023

FCA Authorisations operating service metrics 2023/24 Q1

This involves providing an effective and efficient service whilst maintaining high standards to protect customers and to bolster the reputation of the UK market.

08/09/2023

FCA to begin de-banking probe

Following Farage saga

08/09/2023

New FCA rules create a challenge for wealth managers

New consumer duty regulations could bring significant upheaval

08/09/2023

Finma License: «At times, the burden was very high»

But the road was long and rocky. «We started the Finma process in June 2022, so it took a total of almost 14 months,» Wicki told finews.com.

08/09/2023

LEBC Group enters administration as sister company takes over client book

The statement said that this combination brings together the expertise of the two businesses under one brand.

08/08/2023

GAM bidding dispute: Allianz strikes another snag

But now that is also being argued about.

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