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Legal, Regulation & Compliance

05/18/2023

Help is available for those who need it, says FCA

The FCA has repeatedly reminded firms of the importance of supporting their customers and working with them to solve problems with payment

05/18/2023

FCA secures £130,000 to return to investors

The FCA has recovered approximately £27,000 after Samuel Exall, Synergy’s Director, was ordered to sell assets.

05/18/2023

Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree - reports

Firmer foothold for wipeout contest

05/18/2023

EU and UK eye closer financial services regulatory cooperation with Brexit agreement

Memorandum of understanding

05/18/2023

France Issues Arrest Warrant Against Lebanese Central Bank Governor

Salame has reportedly called the arrest warrant a "violation of the law" that he would appeal.

05/18/2023

FCA has a 'once-in-a-generation opportunity' in SDR

Building a 'truly cohesive' framework

05/17/2023

How changes to drawdown rules in Malta impact clients

They will ‘bring more certainty to the industry going forward’

05/17/2023

Meeting the challenge in our changing global markets

An attempt to replace coins with paper currency was derailed after the then head of the Currency Bureau had his own face printed on the notes.

05/17/2023

UBS filed an amended Form F-4 registration statement with the SEC

The unaudited pro forma condensed combined financial information is presented for illustrative purposes only

05/17/2023

Federal Council approves Switzerland's contribution to International Monetary Fund's Resilience and Sustainability Trust

The RST enables IMF loans to be granted for macroeconomic reforms

05/17/2023

FCA report shows huge rise in people struggling with their bills

The FCA has been working to remind lenders of the necessity of supporting their customers

05/16/2023

ECB sanctions Goldman Sachs Bank Europe for misreporting capital needs

This occurred because the bank misclassified corporate exposures and applied a lower risk-weight to them than what banking rules prescribe.

05/16/2023

EU Weighs Easing Burden for Banks Dealing With Wealthy Clients

That means banks stand to boost fee income if transactions are facilitated.

05/16/2023

Aviva boss David Martin on empowering branches for brokers and delivering growth

It is a sign that we are empowering the local regions to make decisions

05/16/2023

Addleshaw Goddard: Financial Services & Banking News

Among other things, the report concludes that the PAD has, in general, helped to create transparency and comparability of payment account fees.

05/15/2023

Corfinancial implements CSDR compliance software at Man group

With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.

05/15/2023

FCA censures Lighthouse Advisory Services Limited for serious failings in relation to the British Steel Pension Scheme

Quilter provided very high levels of cooperation to the FCA during the investigation.

05/15/2023

Business can benefit from changing UK approach to data protection exemptions

Under the REUL Bill, Article 23 and Articles 9 and 10 of the UK GDPR will no longer take precedence.

05/12/2023

Financial Services & Banking News

The policy statement also contains the PRA’s final policy

05/12/2023

Australia-UK free trade agreement: Preparations for goods traders

These benefits will not be automatic—a claim for preferential tariff treatment will need to be made for every consignment, and will depend on the goods satisfying the relevant rules of origin for the A-UKFTA.

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