08/12/2022
Compare The Market ruling ‘not green light’ for price restriction clauses
It remains to be seen whether the CMA will appeal the CAT ruling to the Court of Appeal in London.
Legal, Regulation & Compliance
08/12/2022
Restricted cover is greatest threat to trust
One in five said automation of processes could prove to be the biggest threat to public trust in the insurance profession.
08/12/2022
Esma warns new foreign clearing house rules could backfire
Löber says euro swaps trading may move away from CCPs that face toughest EU scrutiny
08/11/2022
Government 95% mortgage guarantee scheme suffers disappointing take up
The latest data shows 15% of all mortgages completed using the government scheme were not first-time buyers, showing the scheme is proving relatively popular among other borrowers.
08/11/2022
EDF sues French government for £7bn after being forced to sell energy at a loss
Company has to sell power at prices below market rates as ministers try to tackle cost of living crisis and support households
08/11/2022
Fears mount on ‘race to the bottom’ as UK’s post-Brexit trading rules take shape
Caps to limit trading in dark pools are set to be scrapped by both jurisdictions, sparking worry for Susquehanna International
08/11/2022
EU Cohesion Policy: €76 million for a just climate transition in Austria
The green economy is our future and the Just Transition Fund is here to support a smooth and fair green transition in Austria's regions that face the steepest path to climate neutrality.
08/11/2022
CISI warns managers of workplace 'banter'
The research surveyed almost 750 individuals, 43 per cent female and 55 per cent male.
08/11/2022
Bailey stresses importance of BoE independence
Bailey said regulatory independence is important for the competitiveness of the UK financial sector.
08/11/2022
FCA sets out plans to strengthen financial promotion rules for high-risk investments
The FCA said it is concerned that “too many consumers are just ‘clicking through’ and accessing high risk investments without understanding the risks involved”.
08/11/2022
UK standard-essential patent reforms parked, for now
The UK is not alone in considering whether the SEP ecosystem achieves the right balance between incentivising innovate and providing implementers access to standardised technologies.
08/10/2022
EBA consults on technical standards to help originator institutions determine the exposure value of synthetic excess spread in securitisations
It also introduced a provision on how to determine the exposure value of SES in synthetic securitisations.
08/10/2022
Atom Bank attains full registration with business Standards
Atom Bank is "going beyond" basic statutory regulatory requirements.
08/10/2022
One Four Nine Group Acquires Second Firm In Scotland
One Four Nine Group recently launched its tax efficient alternative investment panel exclusively for all its Locations
08/10/2022
A new type of FCA authorised fund - the Long-Term Asset Fund (LTAF)
The purpose of the LTAF is to provide a UK authorised open-ended fund structure that enables investment in long-term, illiquid assets while offering appropriate structural safeguards.
08/10/2022
Fraudster pleads guilty to giving unauthorised advice
Sentencing for the offences of carrying on unauthorised business will take place after the conclusion of the trial for the fraud offence.
08/09/2022
FCA reforms rules for financial promotions
This rule is known as the “financial promotion restriction” and is set out in section 21 of the Financial Services and Markets Act 2000 (FSMA).
08/09/2022
FSCS urges families of deceased LCF investors to come forward
At the time, it still had 88 bonds left and had paid out on 12,330 bonds, totalling more than £114mn.
08/09/2022
Pru apologises for appalling customer service levels
The client has now received their benefits and has been paid £225 in compensation.
08/09/2022
PwC fined £2.5m over BT fraud audit failures
One of the firm’s former audit partners was fined £60,000