11/10/2021
Rishi Sunak unveils post-Brexit financial regulation proposals
Chancellor’s ‘once-in-a-generation’ plan emphasises focus on growth and global competitiveness
Legal, Regulation & Compliance
11/10/2021
Britain piles pressure on regulators to keep finance competitive after Brexit
"The government will also require both regulators to report on their performance against their growth and competitiveness objective on an annual basis."
11/10/2021
Financial Services and Banking News
For CCPs that are assessed as being systemically important, the BoE will perform an ‘informed reliance assessment’ to consider to what extent it is able to rely on home regulation and supervision
11/10/2021
FCA and Bank sign joint MoU with FMSB
The MoU sets out a high-level framework formalising the continuing cooperation between the FCA, the Bank and FMSB
11/10/2021
Financial Regulation: Daily Update
The consultation will inform a decision on whether to move into a ‘development’ phase which will span several years.
11/10/2021
Future regulatory framework – Treasury to reform regulation post-Brexit
The consultation proposes changing this principle to clarify that such growth should happen in a sustainable way that is consistent with the UK’s net zero commitments.
11/10/2021
Rhino is born! Three themes impacting merger review in the EU
In easy-to-understand graphs, Rhino shows that deals have been impacted by higher intervention rates, longer review periods and tougher remedies in the past decade.
11/10/2021
Non-Resident Directors of UK Companies visiting the UK
There are some harsh penalty rules and anyone with a UK subsidiary should be aware of the implications and be ready to make some changes.
11/10/2021
Basel III: Member states see national financial stability at risk
The capital requirements are meant to make banks more resilient to economic shocks and should thus increase financial stability.
11/09/2021
Financial Regulation: Daily Update
The regulations come into force on 30 November 2021.
11/09/2021
Financial Services and Banking News
The CMA states that progress is being made with the appointment of a new Independent Trustee and the first non-executive director.
11/09/2021
The Bank of England’s approach to tiering incoming central counterparties
The Bank will undertake a more detailed assessment of systemic importance for CCPs meeting one or more of these indicators.
11/09/2021
Ogier in Jersey advises Arax Properties and Eurazeo on London property acquisition
Arax Properties, an independent real estate operating partner with assets in the UK, France and Germany, made the investment alongside JV partner Eurazeo Patrimoine, the real estate division of the listed Eurazeo group.
11/09/2021
FCA under fire over LV sale
It is now clear that the two most valuable bids received by the Liverpool Victoria board were from Bain Capital and crucially, another mutual, Royal London.
11/09/2021
UK regulator raises concerns over cost of processing card payments
The PSR said it would now work with the payment services provider industry to develop remedies that increase merchant engagement and make sure the market works better for them.
11/07/2021
Financial Regulation: Daily Update
The new rules will apply from 29 July 2022, when the FCA takes on responsibility for regulating and supervising the pre-paid funeral plans market.
11/07/2021
Netherlands Supreme Court overturns $50 billion ruling against Russia
The Supreme Court accepted that the Court of Appeal had wrongly rejected the claim by Russia regarding shareholders committing fraud in the arbitral proceedings.
11/05/2021
FCA denies focus on fund managers over transfer times
It was suggested this could be an area the regulator was giving increasing attention to.
11/05/2021
Pound on course for worst week since June after BoE decision shakes up market
Many investors were caught severely off-guard after the BoE refrained on Thursday from raising its benchmark interest rate.
11/05/2021
Financial Regulation: Daily Update
The Bank of England (BoE) has published a speech by Andrew Bailey, Governor of the BoE, on laying the foundations for a net zero financial system.