06/22/2022
British Lawmakers Urge Wimbledon to Drop HSBC Sponsorship
This is not the first time that sporting event organizers were criticized for partnerships with banks in Hong Kong that backed the security law.
Legal, Regulation & Compliance
06/22/2022
Addleshaw Goddard: Financial Services & Banking News
The Recommendations were introduced to guard against a loosening in mortgage underwriting standards and a material increase in household indebtedness.
06/22/2022
Publication of 2021 FIAU Annual Report
These changes present challenges on all levels of operations, be it intelligence, supervision and enforcement.
06/22/2022
A tale of two markets: Regulatory divergence between the EU and UK securitisation frameworks
It will be interesting to see how these approaches shape the (two) market(s) as divergence increases.
06/22/2022
Obtaining imaging orders from the English courts
The goal of these orders is to preserve evidence at risk of being wiped or destroyed by the responding party.
06/22/2022
UK prepares for modernisation of Consumer Credit Act
HM Treasury announced it would publish a consultation on the planned reforms to the Consumer Credit Act (CCA) by the end of 2022.
06/22/2022
Advice firm unveils portfolio management service
It will feature a mix of active and passive funds
06/21/2022
Investment firm charged over selling high-risk bonds to retirees
Products were ‘only suitable for customers with substantial financial resources’
06/21/2022
Withdrawal of mortgage affordability rules baffling amid interest rate and inflation rises
With interest rates starting to creep up to meet the damaging impact of inflation and soaring energy and food prices you would think that people's ability to afford their mortgage should really be under the spotlight now.
06/21/2022
UK monetary policy in the context of global spillovers – speech by Catherine L. Mann
Given at a Market News International Connect event
06/21/2022
220,000 businesses urged to move onto new single customs platform
Businesses are being urged to move onto HMRC's new single customs platform before 30 September 2022.
06/21/2022
CP6/22 – Model risk management principles for banks
The response will be assessed to inform our work as a regulator and central bank, both in the public interest and in the exercise of our official authority.
06/21/2022
The Bank of London invests in Belfast and creates over 200 new jobs
To build the future of finance, we need to be where the future is,” says Anthony Watson, founder and group CEO of The Bank of London.
06/21/2022
Whistleblowing moving up govt agenda despite FCA shortcomings
A reporting individual has a dedicated case manager, is able to meet with the FCA to discuss any concerns and can receive optional regular updates throughout the investigation.
06/21/2022
Bank policymaker calls for faster rate rises to prevent weak pound fuelling inflation
Catherine Mann says Bank of England’s MPC is in danger of falling behind rival central banks
06/21/2022
Government to make it simpler for businesses to apply new product safety markings
Changes will make it simpler for businesses to apply new product conformity markings for most products placed on the market in England, Scotland and Wales.
06/20/2022
Carey Olsen named as a finalist in the 2022 eprivateclient Excellence Awards
Carey Olsen has previously enjoyed success at the awards, having won the Offshore Law Firm (multi-jurisdiction) category at the inaugural eprivateclient Excellence Awards in 2021.
06/20/2022
Ofgem to announce measures aimed at protecting money of energy customers
Regulator says shake-up is designed to cut risk of suppliers going bust and will change rules on credit balances in event of collapses
06/20/2022
UK government needs long-term plan for higher wages, not a fight with workers
While Boris Johnson plays politics, Britain’s public sector is fraying at the seams
06/20/2022
Another HSBC Manager Pulled into Cum-Ex Vortex
Von Schmettow headed the Duesseldorf-based bank, which formerly traded as HSBC Trinkaus & Burkhardt, from 2015 to 2021.