09/29/2023
FCA to send another financial resilience survey
They will receive an automated reminder via RegData when the return is available for submission.
Legal, Regulation & Compliance
09/28/2023
FCA set to launch private markets review
The regulator is preparing to look into valuations in private markets.
09/28/2023
Swiss banking stands before the courts of morality
Of course, it can be argued that these specific incidents happened many years ago - and the world has changed in the meantime.
09/28/2023
Addleshaw Goddard: Financial Services & Banking News
The consultation sets out the PRA's proposed clarifications and amendments when capitalising foreign exchange exposures under the market risk capital framework.
09/27/2023
The EBA second mandatory exercise on Basel III full implementation shows a significantly reduced impact on EU banks with shortfalls nearly fully absorbed
The overall impact includes the economic impact of the Covid-19 pandemic that had materialised up until December 2022, the reference date of this Report.
09/27/2023
UK Regulators Come Together to Warn Against Using Harmful Online Design
Both regulators stressed their commitment to take formal enforcement action where necessary to protect consumers.
09/26/2023
The FCA and PRA propose measures to boost diversity and inclusion in financial services
The proposals include new rules and guidance to make clear that misconduct such as bullying and sexual harassment poses a risk to healthy firm culture.
09/26/2023
ECB needs to be cautious about doing too much on rates - Villeroy
The ECB raised its main interest rate to a record high 4% this month after 10 successive hikes, but signalled a pause in October.
09/26/2023
FCA: financial knowledge must improve for markets to thrive
The authority outlined that, for them, “confidence is key” as “markets work well if there is investor and consumer confidence”.
09/26/2023
FCA: Changes to listing rules will make UK 'market of choice'
Under planned changes the FCA would replace its existing ‘standard' and ‘premium' listing segments with a single category for equity shares in commercial companies.
09/25/2023
EBA launches 2023 EU-wide transparency exercise
The EBA expects to publish the results at the beginning of December, together with the annual Risk Assessment Report.
09/25/2023
Advice/Guidance review may lead to simpler advice services as part of a wholesale review, says FCA
All of which would help them make better informed financial decisions.
09/25/2023
Euro Inflation Holds Key to How Long ECB Rate Squeeze Will Last
Bloomberg Nowcast sees euro-zone price growth slowing to 4.6%
09/25/2023
Reconstruction plan angers German central bankers
he institute has said that the losses are likely to consume more than 20 billion euros in provisions and capital in the coming years.
09/25/2023
Andy Bell: FOS will make or break new advice guidance boundary rules
These options are likely to focus on both improving access to regulated advice and making it easier for firms to offer more personalised guidance to customers.
09/22/2023
FCA cancels advice firm's permissions over £11,000 unpaid fees
Failed to do business in a 'sound and prudent' manner
09/22/2023
Bank rate maintained at 5.25% - September 2023
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
09/22/2023
Addleshaw Goddard: Financial Services & Banking News
GFANZ defines transition finance as investment, financing, insurance, and related products and services that are necessary to support an orderly real-economy transition to net zero.
09/21/2023
New FCA gateway for firms approving financial promotions in the UK
Under the new regime, an approver will be required to file regular notifications to the FCA and all approvers will be subject to bi-annual reporting requirements.
09/21/2023
Naylors Finance Limited enters administration
All existing loan agreements remain in place and the Joint Administrators will provide updates to customers as soon as possible.