08/05/2024
Unauthorised mortgage broker charged with fraud
Mr Okoh has been charged by the FCA with 3 counts of fraud by false representation and 1 count of carrying on regulated activities without authorisation.
Legal, Regulation & Compliance
08/05/2024
ESMA publishes data for quarterly bond liquidity assessment and the systematic internaliser calculations
ESMA has published the latest quarterly liquidity assessment for bonds available for trading on EU trading venues.
08/05/2024
IMF proposes ECB take over Clearstream Banking Luxembourg supervision
This suggestion was part of the “technical note on selected issues in banking supervision.
08/02/2024
European regulators say SCA helping to contain payment fraud
European regulators say SCA helping to contain payment fraud
08/02/2024
Afme outlines digital finance priorities for the new EU policy cycle
At the same time, these opportunities require careful consideration of new risks and challenges introduced by a growing use of AI.
08/02/2024
ECB and EBA publish joint report on payment fraud
The report also finds that losses stemming from payment fraud were distributed differently among liability bearers, depending on the instrument or country.
08/02/2024
Market reacts to Bank of England rate cut
He emphasised that the BoE has room to cut more than financial markets anticipate, given the tight fiscal policy and cooling labour market.
08/01/2024
Macfarlanes advises Hayfin on Arctos-backed management buyout
Macfarlanes advised Hayfin on all aspects of the transaction including corporate, tax and regulatory aspects.
08/01/2024
BoE interest rate predictions: Canada Life Asset Management
Services inflation stood at 5.7% in June, missing the MPC’s forecast of 5.1%, which could undermine confidence in cutting rates.
08/01/2024
Guernsey poised to benefit from new LSE rules to boost growth and innovation
The UK Corporate Governance Code will apply to the new commercial companies category.
08/01/2024
EU legislator strengthens minimum rules on asset recovery and confiscation in criminal
The European legislator is therefore increasingly taking new initiatives to tackle the expansion of organised crime, as well as further steps to strengthen the existing legal framework.
08/01/2024
Bank Rate reduced to 5% - August 2024
The recent strength in services inflation had in part continued to reflect more volatile components of this series.
07/31/2024
FCA vows to reduce burdens on firms
The regulator is calling on industry to identify rules which could be removed or simplified if they overlap with the Duty.
07/31/2024
Prudential Regulation Authority Annual Report 2023/24
This Report is made by the PRA under FSMA 2000 and FSMA 2023.
07/31/2024
The EBA launches consultation to overhaul its resolution planning reporting framework
The changes reflect some of the information that resolution authorities are already, and separately, collecting from their institutions, notably that collected by the Single Resolution Board.
07/31/2024
Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients
Banks use filtering technology to identify potential issues associated with clients as part of their compliance rules to mitigate risks including money laundering.
07/31/2024
EU banks subject to new rules on digital asset holdings
Among the changes included in the reforms was an increase in the minimum capital requirements for banks
07/30/2024
Financial regulator seeks to reduce burdens on firms and support growth
The regulator is calling on industry to identify rules which could be removed or simplified if they overlap with the Duty.
07/30/2024
UK public-private partnership tackles criminality using banking data
Any intelligence outputs will inform the NCA’s investigative work and help the banks to identify risk.
07/30/2024
New DB funding code laid in parliament
Following extensive industry consultation, the new DB funding code complements the change in regulations and sets out a framework protecting savers while giving flexibility to the market.