10/04/2024
Starling Bank response to FCA Final Notice
The breaches of the VREQ were identified by Starling and proactively communicated to the FCA.
Legal, Regulation & Compliance
10/04/2024
Cross-checking − speech by Huw Pill
Given at the Institute of Chartered Accountants for England and Wales annual conference ‘Building an Economy Fit for the Future’, London
10/04/2024
The EBA responds to the European Commission on the eligibility and use of credit insurance
The EBA had previously commented on the topic of credit insurance as a credit risk mitigation (CRM) technique.
10/04/2024
Morrison Foerster Recognized in The Legal 500 UK 2025
The Legal 500 UK ranks and recommends law firms and lawyers in the UK based on feedback from in‑house clients and The Legal 500’s independent research.
10/04/2024
Navigating Jersey’s new guidance on real world assets
Along with an update to the JFSC’s guidance note for initial coin/token offerings, these changes are a meaningful step forward in Jersey’s regulatory approach to virtual assets and tokens.
10/04/2024
FCA charges duo over £110,000 profit from insider dealing
They are jointly charged with conspiracy to deal in 4 stocks
10/03/2024
UBS Fails with Appeals in Court Proceedings
The court also denied the request for suspension.
10/03/2024
Carey Olsen ranked Tier 1 in all 20 practice areas in Legal 500 UK 2025 guide
Carey Olsen lawyers achieved 69 individual rankings in this year's guide.
10/03/2024
Enhancing our national asset: Maximising the value of data collections across the financial sector − speech by James Benford
Our new strategy is organised into three missions
10/03/2024
WealthKernel obtains Spanish license to enter the European market
WealthKernel expands throughout Europe with a Spanish license
10/03/2024
FCA fines Starling Bank £29m for sanctions screening failures
As a result, Starling initially agreed to a voluntary requirement (VREQ) to halt opening new accounts for high-risk customers until improvements were made through its AML enhancement plan.
10/02/2024
The end of LIBOR
The transition away from LIBOR, once referenced in an estimated $400 trillion of financial contracts, has made financial markets safer, more stable and fit for modern use.
10/02/2024
FCA and PSR climate and environmental targets and metrics
In addition, there is an array of Solar PV panels on the Leeds office roof, which generates electricity onsite.
10/02/2024
FCA proposes to extend data collection in UK consumer credit market
The FCA’s proposals build on the Product Sales Data Reporting rules confirmed earlier this year.
10/01/2024
Bank of England and FCA joint approach to the Digital Securities Sandbox
The Digital Securities Sandbox policy statement sets out the Bank and the FCA’s joint approach to safely adopting new technologies in the operation of financial market infrastructure.
10/01/2024
Dutch Review Bonus Cap As Banks Point to Hiring Issues
The national parliament would have to ratify any changes before they take effect.
09/30/2024
The Irish Times view on European banking: an unfinished project
German opposition to a takeover of Commerzbank by UniCredit is a symptom of a wider issue
09/30/2024
FCA and BoE open digital securities sandbox
Firms can even arrange pre-application meeting with the regulators in order to better understand the requirements, according to the announcement.
09/27/2024
Fraud, Error, and Debt bill proposed by UK Government
The new powers of the DWP will be kept in check by a Code of Practice to prevent misuse.
09/27/2024
German finance minister tells Italy of his concerns on UniCredit move, sources say
The political pressure follows UniCredit's move to seize control of about a fifth of Commerzbank's shares, paving the way for a possible takeover bid.