01/10/2025
FCA fines Arian Financial LLP £288,962.53 for failings relating to cum-ex trading
This is the seventh case brought by the FCA in relation to cum-ex trading and withholding tax schemes.
Legal, Regulation & Compliance
01/10/2025
FCA objects to Change in Control due to failures to meet standards
The FCA objected because Mr Ahmed demonstrated a serious lack of professional competence and consequently failed to comply with the requirements set out in legislation.
01/09/2025
BoE and Fed poised for hawkish shift in 2025
Notably, the ECB changed its tone, shifting from its more ‘restrictive’ position to one of greater focus on the data, which hints at further interest rate cuts in 2025.
01/09/2025
Advise Wise adds Forever Legal to sourcing platform
Together, we are ensuring that new business partners joining Forever Legal can enjoy the same incredible speed, reliability, and quality of service that our existing introducers value so highly.
01/09/2025
City regulator vows to ease ‘burden’ on UK banks amid government pressure
Bank of England says it is rowing back on ‘overcooked’ regulations introduced after financial crisis
01/09/2025
The EBA consults on draft technical standards on the prudential treatment of crypto assets exposures under the Capital Requirements Regulation
All contributions received will be published following the end of the consultation, unless requested otherwise.
01/08/2025
Innovative war risk insurance facility launched for Ukraine via Guernsey structure
The collaboration will help to revitalise the war risk insurance market in Ukraine and boost the provision of reinsurance capacity to private-sector insurers to address the ongoing challenges posed by the war.
01/08/2025
ECB Consumer Expectations Survey results – November 2024
Inflation expectations at the one-year and three-year horizons thus remained below the perceived past inflation rate.
01/03/2025
Crispin Odey suing FT for £79m in libel damages over sexual harassment allegations
The accusations led to him leaving his position at Odey Asset Management, the hedge fund he founded, days later, though he has since returned.
01/03/2025
European Payments Council seeks API test toolbox provider for VoP scheme
The VoP scheme developed by the EPC is due to come into effect on 25 October 2025
01/03/2025
UK banks face higher fee requirement to use Post Office network
This proposal suggests the next banking framework could cost between £350m and £400m annually.
01/02/2025
FCA Issues Warning on Unauthorized Meme Coin Project as Illegal Ads Persist
The regulations stipulate that all digital asset promotions must receive approval from the FCA or an FCA-authorized business before publication.
01/02/2025
PRA Regulatory Digest - December 2024
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
12/31/2024
Retail chain bankruptcies surge as companies struggle to stay relevant
High-profile retail chains such as The Body Shop, Dunkin’ Donuts, and Blokker have shuttered stores across the country, reflecting a troubling trend in the sector.
12/31/2024
EU IMA users maintain edge in keeping risk charges compressed Aggregate market
RWAs increased slower in 12 months to June than at banks using SA only
12/30/2024
Outlook for Defined Benefit Pensions
But we envisage there will be more policy focus on DB schemes in the coming year.
12/30/2024
ESAs are recruiting Heads of Unit for their DORA Joint Oversight Team
The Heads of Unit, who will be assigned to each ESA, will be part of the DORA Joint Oversight Team.
12/30/2024
The EBA responds to a law firm on the treatment of some legacy instruments of Banque Fédérative du Crédit Mutuel
Therefore, it is the EBA’s view that BFCM should target the redemption of these instruments.
12/30/2024
City regulators to start oversight of tech firms that provide ‘critical’ services to UK
New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at risk
12/27/2024
Consolidated financial statement of the Eurosystem as at 20 December 2024
This was due primarily to the change in the level of the deposit facility (liability item 2.2) and the longer-term refinancing operations (asset item 5.2).