05/06/2022
Financial Services & Banking News
The updated ITS specify the data collection for the supervisory benchmarking exercise of 2023 in relation to the internal approaches used in market and credit risk and IFRS9 accounting.
Legal, Regulation & Compliance
05/06/2022
Advice firms spend 71 days annually on CIPs
The majority of firms think CIPs are in danger of “overheating” and will soon reach a tipping point where they become unworkable.
05/06/2022
FCA CEO defends staff pay packages
He said: “Our people are our greatest resource and we believe we offer what is possibly the best package among UK regulators, with competitive pay and strong rewards for consistent performance and greater opportunity for career mobility.
05/06/2022
LuxSE and UN Women join forces to advance gender finance
LuxSE commits to fostering awareness of gender-focused bonds in Luxembourg and beyond
05/06/2022
Learning from the last 30 years to face the next
Speech by our Chief Executive, Nikhil Rathi, delivered at the Chartered Institute for Securities & Investment 30th anniversary dinner.
05/05/2022
Greenlight Credit Limited enters administration
This means customers can continue to make repayments as usual. However, the firm is no longer able to issue or broker any new loans.
05/05/2022
Addleshaw Goddard Financial Services & Banking News
The analysis takes a risk-based approach to ensure that prudential requirements reflect underlying risks and support institutions’ resilience to such risks.
05/05/2022
Financial Services & Banking News
The EBA's report highlights areas where specific risks have been detected
05/05/2022
Herbert Smith Freehills Financial Regulation Daily Update
In conducting the current review, the FCA focused on the experience of non-advised consumers, examining how easy it is to access charging information and whether the information available helps them understand what they pay.
05/05/2022
Jersey commits to climate change by signing Paris Agreement
The UK’s climate obligations under the Agreement will, therefore, also now include Jersey and its territorial waters.
05/04/2022
Addleshaw Goddard Financial Services & Banking News
In regards to corporate criminal liability, the Government intends to engage promptly with the Law Commission on the findings of the review once it has concluded but notes it is important that any reforms are proportionate, and evidence based.
05/04/2022
KPMG Law Set To Double In Size Over Next 3 Years In UK
The Big Four firm wants to add 220 lawyers in the U.K. to its existing 180 in the region.
05/04/2022
FCA Unite members begin two day walkout
The FCA said today it had not seen any change in the number of staff logging onto an FCA device from the office and remotely and that "the overwhelming majority" of staff are at work.
05/04/2022
The Chancellor announces a £25 million “fraud squad” to recover £5 billion
There has been recent criticism of the UK’s role in illicit finance and the UK Government’s efforts to tackle serious fraud.
05/03/2022
Bank of England poised to raise interest rates further to curb inflation
Most economists predict a 0.25 percentage point increase as central bank tries to avoid exacerbating economic slowdown
05/03/2022
FCA stops advice firm from disposing of assets
The firm will now have to seek written consent from the regulator before selling any assets.
05/03/2022
FCA serves Terry Smith’s Fundsmith Section 166 order
Smith’s £28bn fund firm was ordered to conduct a skilled person review in the first quarter, according to reports.
05/03/2022
Canton rejects proposal to abolish GLKB's state guarantee
As a result, the current Cantonal Bank Act remains in force. The canton retains its majority stake and the state guarantee continues to apply. The bank also retains its legal form as a special-law stock corporation.
05/03/2022
FSB launches consultation on supervisory and regulatory approaches to climate-related risks
The report includes recommendations on the identification of authorities’ information needs, reliability of data, use of common definitions and coordination towards common regulatory reporting requirements.
05/03/2022
Deutsche Bank headquarters searched by German authorities
Deutsche Bank is fully cooperating with the authorities.