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FCA: 'We want to bring FSCS levy down'

“Ultimately, meeting these targets and embedding the consumer duty are in firms’ interests too,” Rathi said.

Addleshaw Goddard: Financial Services & Banking News

In order to have a harmonised application of the specific liquidity requirements, the RTS address the main elements that may affect the liquidity risk of an investment firm.

EU and international partners launch ground-breaking partnership on just energy transition with Indonesia

In a joint statement , Indonesia and international partners have announced their commitment to meeting ground-breaking climate targets and related financing.

Banks told to strengthen borrower monitoring procedures after Arena collapse

Account management lacked active oversight and robust control processes and automated transaction monitoring and data capabilities were insufficient

EBRD supports energy security in Romania

Premier Energy SRL supplies gas to retail, industrial and commercial end-users in Romania.

White & Case advises Intrum on Piraeus Bank’s €500 million NPL securitsation

Piraeus and Intrum have agreed that Intrum Hellas will act as servicer of the Sunrise III portfolio, and Intrum has agreed to acquire approximately 44 percent of the mezzanine and junior notes of the securitisation.

Swiss National Bank Chairman Hints Again at Future Rate Hikes

The market expects the SNB to hike rates at its next monetary policy meeting on Dec. 15, a forecast Jordan acknowledged, adding market expectations had the SNB's policy rate rising to 1.5% to 2% in the next two years.

Former FCA chair warns Financial Services Bill 'risks regulators' independence'

Calls to leave institutions alone

Steve Webb: Auto-enrolment passes its toughest test yet

And cost of living pressures would have had to be pretty acute to lead them to give up their workplace DB benefits and associated employer contributions.

LTA freeze to put £2bn in Treasury coffers

Consumers are being ‘punished’ for saving into a pension amid high inflationary environment

Changing the approach to ESG regulation after Brexit

'Clear divergence from the EU'

Clients pull £3.2bn from Ninety One's funds amid 'risk off' environment

Chief executive of Ninety One, Hendrik du Toit, said the company is a “predominantly long only” one, inherently exposed to the price volatility of the financial assets in which clients’ capital is invested.

FCA needs to engage more with the cryptoassets sector

Also when members of the community came to speak to the committee in 2018, we asked for improvement in getting bank accounts for crypto firms in the UK.

Germany steps up emergency cash plans to cope in blackout

German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.

BoE official signals tough stance on CCP skin in the game

Default waterfalls must include a second tranche of CCP capital, says Cunliffe

Cross-border hybrid and remote working – what next?

Following the OTS review of hybrid and distance working, where could simplification benefits be achieved for employers, employees and HMRC?

Regulators tell savers to ‘stay on guard’ over scams

The watchdogs have not yet seen evidence of an increase in scams.

Eight firms liquidated after FCA intervention

The Financial Services Compensation Scheme is considering claims against these firms, and has set up specific online pages for Cavendish and Marvell.

French, German central bank chiefs urge faster pace on EU capital markets union

France and Germany have been at loggerheads over the last month and have postponed a summit to try and resolve their differences.

European regulators will struggle to supervise crypto groups, warns ECB

Crypto asset providers are ‘animals with whom it is difficult to engage’, says chair of bank’s supervisory board

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