09/21/2022
Credit Unions: Changes to the Regulatory Regime
The proposals in this CP broadly relate to amending and strengthening the regulatory regime in order to address risks posed by larger, more complex credit unions.
Legal, Regulation & Compliance
09/20/2022
Europe's central bank to use climate scores as it buys bonds
The ECB bought corporate bonds as part of its past economic stimulus efforts to lower longer-term interest rates.
09/20/2022
Deloitte's Esther Hitch on challenges in the world of risk consulting
Speaking with Cat Callen of business consultancy RDW, Hitch discusses her transition from the British Army into a career in cybersecurity, and the cyber concerns that are topping the agenda of clients; from data privacy, to online safety regulations.
09/20/2022
Waiting for clarity on an Italian government
Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.
09/20/2022
FCA warns consumers of scams by unauthorised CMCs
Almost all firms and individuals offering claims management services in the UK must be authorised by the FCA.
09/19/2022
Bank of England expected to hike interest rates to highest level since 2008 crash
It would be the highest interest rate that the UK has had since the financial crisis. In December 2008, the base rate was slashed from 3% to 2%.
09/19/2022
New U.K. leader's policies keeping managers on guard
Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes
09/19/2022
Interdicts in Scotland
Interdicts will not be granted against the repetition of a wrong unless the court is satisfied that there is a reasonable likelihood that the wrong will be repeated.
09/16/2022
Vistra enters into a Sale and Purchase Agreement with MAS France; Expands its global footprint by entering the French market
Vistra has announced it has entered into a Sale and Purchase Agreement (SPA) with MAS France, a Parisian provider of domiciliation, administration and directorship services in the real estate and private equity sectors.
09/16/2022
Register of Overseas Entities holding UK land
The key point to highlight is that the register is not a register of beneficial ownership of UK land.
09/16/2022
Deutsche Bank downgrades abrdn as it questions cost-saving strategies
Fund closures may dent revenue
09/16/2022
New appointed representative requirements on way for UK financial firms
Principals will be required to notify the FCA of future AR appointments 30 calendar days before they take effect and provide complaints and revenue information on their ARs to the FCA on an annual basis.
09/16/2022
Jupiter’s new boss signals restructure
Two sources told the FT this role will now be split, with individual heads appointed to lead risk and compliance separately.
09/16/2022
Union urges govt to reconsider ending final salary scheme
New legislation is required to reform the schemes.
09/16/2022
CSSF issues communication on requirements according to SFDR and SFDR RTS.
Luxembourg’s Commission de Surveillance du Secteur Financier has issued a communication to the investment fund industry on regulatory requirements in relation to Regulation 2019/2088 on sustainability-related disclosures in the financial services se
09/15/2022
Gloucestershire Credit Union Limited enters administration
Gloucestershire Credit Union Limited is a financial co-operative owned by its members.
09/15/2022
Addleshaw Goddard: Financial Services & Banking News
The Government has also issued a call for evidence, to be submitted to the House of Commons Public Bill Committee which is going to consider the Bill.
09/15/2022
'The SNB rate hike slapped the ECB in the face': PineBridge chief economist
‘Negative interest rates were really dumb,’ according to Markus Schomer.
09/15/2022
Former James Hay employee launches consumer duty service
Then in tandem, the other survey will gather data from customers on their interactions with the company.
09/15/2022
Ex-Woodford director's firm no longer holds FCA approval
Curated Capital removed from register