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FCA introduces new rules to safeguard client funds

Additionally, all firms must implement monthly reporting on customer holdings and perform daily checks to confirm sufficient safeguarding of funds.

Bank of England to override its inflation mandate and cut rates

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.

FCA sets out changes to payment safeguarding rules

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.

Consumer group slams FCA safeguarding reforms as ‘too little, too late’

Safeguarding refers to the practice of keeping customer money separate from a firm’s own finances to prevent losses in the event of insolvency.

ECB publishes supervisory banking statistics on significant institutions for the first quarter of 2025

Supervisory banking statistics also available as interactive reports for first time, providing enhanced user customisation

FCA confiscates over £300,000 from convicted fraudsters

The money will be returned to investors at the earliest opportunity.

Norton Rose Fulbright advises Crédit Agricole Assurances

The Paris-based Norton Rose Fulbright team advising Crédit Agricole Assurances on this transaction was led by Bénédicte Denis

Pensions dashboards could hold key to simplifying IHT and probate, says RSM UK

Former pensions minister Steve Webb has raised his concerns around the additional pressure this puts on grieving families.

FCA issues fines of nearly £46m for failures managing the Woodford Equity Income Fund

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.

The EBA publishes key regulatory products on operational risk losses under the EU Banking Package implementation

In such cases, the RTS allow for a temporary waiver from the requirement to calculate the annual operational risk loss.

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-July 2025

The RFR information has been calculated on the basis of the Technical Documentation.

CIFA hails steady growth in investment fund sector

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.

Deutsche Bank demonstrates enhanced resilience in 2025 EBA stress test

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.

The EBA publishes the results of its 2025 EU-wide stress test

The results confirm that European banks remain resilient even under a severe hypothetical economic downturn.

FCA to consult on motor finance compensation scheme

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.

FCA opens retail access to crypto ETNs

Financial promotion rules will apply so consumers get the right information and aren’t offered inappropriate incentives to invest.

EU banks continue to meet their MREL requirements set by Resolution Authorities on the basis of the identified resolution strategies

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.

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