08/08/2025
The Bank of England cut the bank rate from 4.25 per cent to 4.00 per cent today as the monetary policy committee judged, in a split decision, that economic slowdown is currently a greater threat than inflation.
08/08/2025
Additionally, all firms must implement monthly reporting on customer holdings and perform daily checks to confirm sufficient safeguarding of funds.
08/07/2025
The decision to cut rates again is likely to be far from unanimous and may possibly see a return of May’s three-way split.
08/07/2025
Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.
08/07/2025
Safeguarding refers to the practice of keeping customer money separate from a firm’s own finances to prevent losses in the event of insolvency.
08/07/2025
Supervisory banking statistics also available as interactive reports for first time, providing enhanced user customisation
08/06/2025
The money will be returned to investors at the earliest opportunity.
08/06/2025
The Paris-based Norton Rose Fulbright team advising Crédit Agricole Assurances on this transaction was led by Bénédicte Denis
08/05/2025
Former pensions minister Steve Webb has raised his concerns around the additional pressure this puts on grieving families.
08/05/2025
Any findings in the Decision Notices are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers their behaviour should be characterised.
08/05/2025
In such cases, the RTS allow for a temporary waiver from the requirement to calculate the annual operational risk loss.
08/05/2025
The RFR information has been calculated on the basis of the Technical Documentation.
08/05/2025
Total Assets Under Management (AUM) reached €10.7 billion, marking a 6.6 per cent increase compared to the previous quarter and an 18 per cent rise year-on-year.
08/04/2025
Deutsche Bank’s capital ratios would also remain considerably stronger than in hypothetical scenarios modelled in the previous EBA stress test in 2023, indicating the bank’s greater resilience under stress conditions.
08/04/2025
The results confirm that European banks remain resilient even under a severe hypothetical economic downturn.
08/04/2025
The FCA has moved quickly on steps to set up a proposed compensation scheme because it wants to provide clarity and certainty to consumers, firms and investors as quickly as possible.
08/04/2025
Financial promotion rules will apply so consumers get the right information and aren’t offered inappropriate incentives to invest.
08/01/2025
Banks in the sample reported EUR 242bn of MREL instruments that will become ineligible by the end of December 2025 due to their residual maturity falling below one year.
08/01/2025
The regulator found some lenders were using shorter, simplified language and providing explainer videos that helped customer understanding.
08/01/2025
The legislative changes to the UK's arbitration framework follow on from a detailed and lengthy consultation process conducted by the Law Commission, which Withers' Arbitration team engaged with.