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.
Legal, Regulation & Compliance
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
07/10/2023
Guide to marketing AIFs in Europe
For non-EU AIFMs of private equity, real estate, debt/credit, hedge and other AIFs, selecting how to market to EU professional investors is an important decision requiring careful consideration of the options available.
07/07/2023
Basel Committee consults on revisions to the Core principles for effective banking supervision
They are universally applicable and accommodate a range of banking systems and a broad spectrum of banks.
07/07/2023
Net Zero Insurance Alliance relaxes membership rules
The relaxation in the membership rules for the group come after at least seven high profile insurance firms quit the group in May
07/07/2023
Addleshaw Goddard: Financial Services & Banking News
The Core Principles are universally applicable and set the de facto minimum standards for the sound prudential regulation and supervision of banks and banking systems.
07/06/2023
Financial regulator sets out further reforms to improve markets and bolster competitiveness
The FCA is proposing a CT first for bonds, where the UK has a leading global market, followed by equities.
07/06/2023
Asset managers told to review liquidity management in funds
Poor liquidity management can bring with it serious risks for investors and to wider market stability.
07/06/2023
HMRC launches letter-writing campaign to resolve NI records error
An update on the figures is expected to be included in the DWP’s imminent 2023 annual report.