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Legal, Regulation & Compliance

06/22/2022

German central bank believes retirement age must be linked to life expectancy

Since 1871, the life expectancy in Germany more than doubled to currently 78.6 years for men and 83.4 years for women, according to the Federal Statistical Office (Destatis).

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.

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

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