07/14/2023
FCA tells platforms to reveal details on interest payments
It comes as the body prepares to roll out new consumer duty regulations at the end of this month which dictates that firms should put customers’ needs first.
Legal, Regulation & Compliance
07/14/2023
The Bank of London applies for EU licence
The Bank of London is a clearing bank, which means it is not a typical bank where you can open a current account.
07/14/2023
EBA publishes fourth Opinion on money laundering and terrorist financing risks across the EU
They also include emerging risks such as corruption, and the laundering of proceeds from both environmental crime and cybercrime.
07/14/2023
EU completes securitisation regulatory ‘jigsaw’ with final risk retention technical standards on risk retention
Securitisation regulation expert Katie McCaw of Pinsent Masons described this “long-awaited” development as one of the final pieces of the EU securitisation regulatory “jigsaw”.
07/14/2023
Landmark Sudlows ruling establishes principles for serial adjudications
A serial adjudication arises in circumstances when there are two or more successive adjudications between the same parties in relation to the same construction contract.
07/14/2023
Further resources needed for pensions dashboard, says Trott
Simon McKinnon, former chief digital and information officer at DWP, was also at the session and explained that while the fundamental work was going well, it had a fixed deadline of having to start connections.
07/13/2023
Labour market statistics paint Bank of England into a corner
The number of people in employment increased to a record high in the latest quarter with increases in both the number of employees and self-employed workers.
07/13/2023
Financial Stability Report - July 2023
The Financial Stability Report sets out our Financial Policy Committee's view on the stability of the UK financial system and what it is doing to remove or reduce any risks to it.
07/13/2023
GPC Sipp claims exceed £67mn
There are still 15 claims in progress with the FSCS.
07/13/2023
UK businesses to get free government tool to tackle economic abuse
UK businesses and charities are set to benefit from a free interactive guide to help their staff spot and tackle economic abuse when speaking to customers over the phone, Financial Secretary to the Treasury Victoria Atkins announced today.
07/13/2023
Luxembourg modernises Funds law in response to request from the industry
Another key change relates to the expansion of available company structures for Part II funds.
07/13/2023
FCA fines Bastion Capital London Limited £2.5m for serious financial control failings
Bastion received commission of £1.55m, a significant proportion of the firm’s revenue in the period.
07/12/2023
Lawyer of alleged Odey victims calls on FCA to ringfence Odey AM assets
Fieldfisher
07/12/2023
FCA investment pathways well received but vital work remains to help pension savers
A close working relationship with the Department for Work and Pensions and The Pensions Regulator will be key to ensure that members receive support to achieve good outcomes regardless of the type of scheme they are in.
07/12/2023
Two advice firms fail with BSPS claims
These are pension transfer advice related.
07/11/2023
The Financial Conduct Authority continues crackdown on unregistered crypto ATMs in the UK
It is also unlikely you will be able to contact the operator of the machine to resolve any problems you may have.
07/11/2023
SVB's former owner sues US banking watchdog to recover $1.9bn
'Most significant asset' of the group
07/10/2023
FCA sets out expectation for fair and competitive saving rates
They recognised that they needed to do more to help their consumers access the best rates.
07/10/2023
Chancellor unveils 'golden rules' for long-term sustainable growth
Mansion House reforms
07/10/2023
ECB surveys Europeans on new themes for euro banknotes
ECB is committed to reducing the environmental impact of euro banknotes throughout their life cycle