03/03/2025
Advisers Nelson and Stephens charged over alleged £2mn fraud
They have also been charged with using false documents in the process of committing the alleged fraud.
Legal, Regulation & Compliance
02/28/2025
Off-channel communications: a top regulatory risk for UK firms in 2025?
Off-channel communications are communications (including calls and written messages) made through channels not approved by the employer and to which neither employers nor regulators have access.
02/28/2025
The EBA consults to amend data collection for the 2026 benchmarking exercise
The EBA benchmarking exercise is the basis for both the supervisory assessment and the horizontal analysis of the outcome of internal models.
02/28/2025
Vontobel announces changes in governance
All changes are effective on March 1, 2025, and have been approved by FINMA.
02/27/2025
Helping markets thrive and managing systemic risk: the FCA’s approach to non-bank leverage
Speech by Sarah Pritchard, executive director of consumers, competition and international, at the Investment Association Roundtable.
02/27/2025
Civil servants face disciplinary action in crackdown on Whitehall credit cards
It comes after thousands of pounds were said to have been spent on luxury crystal glasses, cases of sparkling wine and thousands of pounds at private members’ clubs, Mail Online reports.
02/27/2025
European flight safety will continue to be monitored in Cologne
This is a result of the new lease agreement which it has concluded with Commerz Real.
02/27/2025
Travers Smith advises Canaccord on its acquisition of Brooks Macdonald Asset Management (International)
With this acquisition, Canaccord was able to add to its existing capabilities in Guernsey, the Isle of Man, and Jersey
02/26/2025
German central bank suffers first loss since 1979
The peak of the annual burdens has probably been passed," Bundesbank President Joachim Nagel said at a presentation in Frankfurt.
02/26/2025
Court sets date for £64 million WealthTek fraud and money laundering trial
Mr Dance was charged in December 2024 with alleged misappropriation of £64 million of customer funds between 2014 and 2023.
02/25/2025
Travers Smith advises Brooks Macdonald Group plc on the sale of international subsidiary
The deal completed last week following necessary regulatory approvals.
02/24/2025
Payment fraud on the rise: Regulator pushing various initiatives to support clients and industry
With the rise of social media and advanced scamming techniques, banks are increasingly confronted with a type of fraud called Authorized Push Payments (APP).
02/24/2025
FCA finds vast majority of ongoing suitability reviews delivered
The review focused on delivery of suitability reviews as firms generally included these as part of their ongoing advice service.
02/21/2025
Blacktower Gibraltar settles long running disagreement with Gibraltar regulator
The GFSC imposed a reduced fine of £294,350 with ‘full cooperation’ from Blacktower
02/21/2025
Innovation in UK Financial Markets - shortening the settlement cycle – speech by Sasha Mills
Given at the UK T+1 Accelerated Settlement Market event, hosted by KPMG
02/21/2025
Number of counterfeit euro banknotes continues to be low in 2024
The likelihood of receiving a counterfeit is low, as the number of counterfeits is very small in proportion to genuine euro banknotes in circulation.
02/21/2025
CMA reaches settlement with banks in competition case
Banks agree to pay fines for past exchanges of sensitive information about UK government bonds.
02/20/2025
FCA welcomes the final report of the Accelerated Settlement Taskforce and supports the UK market’s move to T+1 settlement
On 6 February 2025, the Accelerated Settlement Taskforce published its final report recommending a detailed implementation plan for the UK to move to a T+1 standard for settling securities trades.
02/20/2025
The Prudential Regulation Authority’s approach to policy
The approach we consulted on in the CP was informed by the responses we received to the DP.
02/19/2025
UK money markets transitioning to a new monetary policy regime
Since the turn of the monetary policy cycle in 2023, money market funds have seen significant inflows, but we think the peak has been reached.