10/29/2018
Millions of women to share pensions windfall
Around 35,000 Lloyds pension scheme members are likely to receive a minimum refund of £500.
Legal, Regulation & Compliance
10/29/2018
Jail for fraudster trio who conned £415k
After entering the office they had suspicions that the company was set up as a boiler room.
10/29/2018
UK law firm snaps up rival
UK law firm Gordon Dadds snaps up rival for £34m
10/29/2018
FCA reveals jump in complaints to over 4 million
Firms need to be doing all that they can to reduce complaints
10/28/2018
“Onshoring” Statutory Instruments Comment Series: Bank Recovery and Resolution: 26 October 2018
The FMLC would, nevertheless, encourage HM Treasury and HM Government to publish, wherever possible, guidance which might enable impacted firms and institutions to begin planning for the future.
10/28/2018
Basel Committee calls for further progress in the implementation of Basel III standards
The report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-September 2018.
10/28/2018
Barclays avoids trial over £6bn Qatar rescue package
Court rules against reinstating charges brought by Serious Fraud Office against bank
10/26/2018
Bank of England checking lenders’ easy-to-access liquidity
PRA chief addresses ability to withstand severe Brexit dislocation
10/26/2018
Royal London and 7IM latest targets for ‘clone firm’ scammers
The FCA warns “this firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm”.
10/26/2018
CySEC Warning List Helps to Put Fraudsters Out of Action
75 percent of the sites on the regulator's non-approved domain list have shut down
10/26/2018
British public urged to be aware of poppy merchandise scams
The Intellectual Property Office and The Royal British Legion warn consumers ahead of Remembrance 2018.
10/26/2018
JPMorgan Hack Justifies Secret Accounts, Ex-UBS Banker Says
Raoul Weil says their features protect identities from hacking
10/26/2018
High Court rules that pension schemes are required to equalise benefits for the effect of GMPs
The trustees of these schemes need to take prompt action to equalise members' benefits and to agree their approach with their scheme's sponsor.
10/26/2018
Beware of the relentless spread of personal accountability across borders
This is a body established to coordinate at an international level, the work of national financial authorities in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies.
10/26/2018
City Tower Sold for £385m
The deal represents one the largest single asset sales in the City of London this year.
10/25/2018
UBS Top Shot to Meet Rape Victim
The woman and La Roche will meet at Freshfields Bruckhaus Deringer, the firm which British regulator the Financial Conduct Authority appointed to investigate independently at the Swiss bank and report back.
10/25/2018
One third of Ashurst partnership to be female by 2022
Identifying, supporting and developing the pipeline of all female leaders is vital for our business
10/25/2018
New loan provisioning standards and procyclicality
Panel remarks by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the High-level conference on "The new bank provisioning standards: implementation challenges and financial stability implications"
10/25/2018
FCA publishes PPI complaints deadline Progress Report
£3.7bn of redress has been paid since the start of the campaign, a 64% increase on the previous 10 months.
10/25/2018
Not in my house: Jersey Court refuses to bless a trustee's decision
Update prepared by Christopher Edwards (Partner), Chris Duncan (Senior Associate) and Jeremy Bell-Connell (Associate) of our Guernsey office