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Legal, Regulation & Compliance

04/12/2024

Addleshaw Goddard: Financial Services & Banking News

Under the Digital Operation Resilience Act (DORA), and starting from 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers.

04/11/2024

Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation

Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation

04/11/2024

FCA report shows millions still struggling with bills

More than five million have missed payments recently, though that’s an improvement from the previous year.

04/11/2024

Woodford points finger at Link and FCA as watchdog proposes action

Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities.

04/11/2024

Prudential Regulation Authority Business Plan 2024/25

The 2024/25 Business Plan sets out the workplan for each of the PRA’s strategic priorities, together with an overview of the PRA’s budget for 2024/25.

04/10/2024

FCA publishes finalised guidance on social media and financial promotions

The FCA has repeated its guidance that financial promotions must be standalone compliant, irrelevant of the media used

04/10/2024

The Rise of Private Equity in UK Real Estate

As a business we are increasingly seeing the positive role private equity can play on a soft market and the London office market is a natural target.

04/10/2024

Scottish Widows improves controls after £14k cheque sent to wrong client

Scottish Widows was contacted by the company owner once again to flag his company did not have a policy with the provider and was sent the cheque by mistake.

04/10/2024

New way of paying for investment research proposed by the financial regulator

Now the FCA has proposed giving asset managers greater freedom in how they pay for research, supporting their investment decisions.

04/09/2024

IMF warns $2trn 'opaque' private credit sector could amplify financial vulnerabilities

Concerns over semi-liquid fund growth

04/08/2024

Santander product changes ‘step in the right direction’

Albion Financial Advice director, Dariusz Karpowicz said raising LTV limits on large loans and tweaking its affordability calculator showed a keenness to lend more freely.

04/05/2024

The UK payments landscape: 2024 and beyond

This review considers the digital payments landscape and provides recommendations to the Government with regards to the future of payments in the UK.

04/05/2024

FCA secures £1.6m for investors from alleged unlawful investment schemes

The settlement agreed by the FCA was intended to prevent all of AWL/Mr Willis’ remaining assets from being used up to meet the ongoing legal and living costs.

04/05/2024

The latest changes impacting employers with UK employees

The changes are designed to encourage employers to take a proactive approach to preventing sexual harassment in the workplace.

04/05/2024

FCA to reclaim £1.6m for investors in unlawful investment scheme

Argento Wealth and Daniel Willis

04/05/2024

Eight-in-ten UK executives plan price hikes before 2026

Now, the country’s energy price cap is set to fall by 12.3% as it enters the second quarter of 2024 – and it could fall further later in the year.

04/05/2024

HMRC advises delaying taking benefits until LTA rules fixed

The legislation to abolish the lifetime allowance was being pushed through in quick timescales

04/05/2024

Major changes for UK GAAP

Amendments will affect both micro-entities adopting FRS 105

04/05/2024

AML within wealth and asset management – major questions resolved

AI streamlines the detection of irregularities, not only bolstering a firm’s efforts in thwarting financial crimes but also significantly enhancing operational efficiency.

04/04/2024

PKB Privatbank SA convicted for corporate liability in connection with aggravated money laundering

The same bank official ensured maximum flexibility for the ODEBRECHT client

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