10/05/2022
Addleshaw Goddard: Financial Services & Banking News
The delay to the Feedback Statement publication will not impact the publication of the FOS's Plans and Budget for 2023/24, which will be published in December as normal.
Legal, Regulation & Compliance
10/05/2022
FCA publishes review of business interruption insurance claims handling
These key findings have been published to assist firms in their approach to handling all claims to ensure customers are treated fairly throughout the insurance claims process.
10/05/2022
UBS Hit with Another US Fine
Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.
10/05/2022
FSCS claims 'taking longer' despite 'massively increased' resources
The advice firm which received this letter also showed FTAdviser a separate email, sent by the FSCS earlier this year.
10/04/2022
Addleshaw Goddard: Financial Services & Banking News
ADR legislation must reflect the need for redress mechanisms that are swift and uncomplicated in the context of digital markets.
10/04/2022
EBA assesses the market share of non-EU entities in the EU banking system and the dependency of EU banks on funding in foreign currencies
These findings reflect the high degree of openness of the EU economy within the global financial system.
10/03/2022
Mediation in England and Wales
Resolution of a dispute by agreement can save legal costs, and settlement also allows the parties to focus again on their business.
10/03/2022
French courts can still apply ‘Macron scale’ despite EU committee decision
Under the new rules, employees dismissed unfairly could expect to receive between one- and 20-months’ gross salary, depending on the length of their service.
10/03/2022
Royal London CEO warns of further gilt pain
More BoE intervention will be required if tax-cutting plans remain unfunded after 14 October says Barry O’Dwyer.
10/03/2022
Bank of England monitoring Credit Suisse as market concern rises - reports
Speculation driven by statement
09/30/2022
Legal 500 UK 2023 recommends Withers as leading firm in 24 areas of law
The strength and depth of the Withers team is particularly impressive.
09/30/2022
Off payroll working rules to be repealed in the UK
Prior to the introduction of the off payroll working rules, the IR35 regime applied universally.
09/30/2022
New right to work check arrangements in the UK
After 30 September, it will no longer be possible to complete right to work checks remotely by using a video call to verify documents.
09/30/2022
Addleshaw Goddard: Financial Services & Banking News
The FOS emphasises that although the UCIS themselves are unregulated, advising on or arranging an investment of this kind may itself be a regulated activity.
09/30/2022
Farrer & Co recognised with top rankings in The Legal 500 UK 2023
Many of the firm’s lawyers have been benchmarked against others in the UK and London, continuing to be recognised as experts within their fields.
09/30/2022
Message received and understood − speech by Dave Ramsden
Given remotely at a conference by the Lietuvos bankas and the Bank for International Settlements (BIS) on the “Future of Central Banking”
09/30/2022
Deloitte partner pay passes £1m as consulting leads profit upwards
Deloitte’s rival Big Four firm EY is putting plans to split the firm between audit and consulting to a partner vote later this year.
09/30/2022
MPs call for update on advice-guidance boundary by spring 2023
With many struggling through a cost of living crisis, now is not the time to ask people to find extra money for their pensions.
09/29/2022
EBRD and EU intensify cooperation through new partnership agreement
The two partner institutions have a large portfolio of common development operations on three continents – Europe, Asia and Africa.
09/29/2022
Addleshaw Goddard: Financial Services & Banking News
The report presents the feedback received from the call for evidence, which concluded in March 2022 and provides its recommendations going forward.