10/29/2024
FSCS declares two firms in default
One was rejected and the other upheld, both relating to pension transfer advice but are not British Steel related.
Legal, Regulation & Compliance
10/29/2024
Andrew Bailey: The future of money and payments
The views expressed in this speech are those of the speaker and not the view of the BIS
10/29/2024
The EBA consults on draft technical standards for structural foreign exchange positions
A public hearing will take place in the form of a webinar on 3 December 2024
10/28/2024
Exploring wholesale digital payments: Deutsche Börse Group at the ECB trials
Together with leading institutions, infrastructures and fintech businesses, Deutsche Börse Group contributes to this transformative endeavour with its Clearstream and Eurex Clearing businesses.
10/28/2024
ECB's Knot: Central bank should keep open mind on next rate cut
On the one hand, policy restriction may be reduced more quickly if incoming data indicates a sustained acceleration in the speed of disinflation or a material shortfall in the economic recovery.
10/25/2024
Vulnerability is not a buzzword
Speech by Graeme Reynolds, director of competition, delivered at the Personal Investment Management & Financial Advice Association's (PIFMA) Wealth Vulnerability event.
10/25/2024
As pension complaints increase, are master trusts working?
There has been a 27% increase in pensions complaints in 18 months
10/25/2024
FCA publishes results of non-financial misconduct survey
Healthy workplace cultures are essential across all the markets we regulate
10/24/2024
Flagship Government export initiative to be sponsored by Santander UK
Santander UK has committed to a three-year sponsorship of a programme of Department for Business and Trade (DBT) events.
10/24/2024
Eurex Clearing successfully participates in ECB trials for wholesale digital money pilot
The initiative, led by the European Central Bank (ECB), aims to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures.
10/24/2024
The EBA releases a first draft of the technical package for its 4.0 reporting framework
This publication aims to provide an early version of the 4.0 release given that its reporting obligations will apply as of the first half of 2025.
10/24/2024
The EBA clarifies the procedure for the classification of asset referenced tokens and e-money tokens as significant and the transfer of supervisory powers between the EBA and competent authorities
The Markets in Crypto Assets Regulation (MiCAR) sets out a new supervisory regime for ART and EMT issuers
10/24/2024
McGuireWoods London Earns High Rankings in Legal 500 UK
McGuireWoods once again earned nationwide rankings
10/24/2024
FOS sees 40% rise in complaints
The complaints were made against 242 businesses including banks, insurance and investment firms.
10/23/2024
FCA imposes restrictions on Business Agent Limited from regulated activities over 'Nextcrowd' failings
The move to restrict Business Agent Limited came on 22 July 2024, after our review exposed significant regulatory breaches.
10/23/2024
Weighing risks from US legal limbo to French debt and UK uncertainty
Not only from US elections, including the possibility of a contested outcome, but also from French debt concerns and the upcoming UK Budget.
10/22/2024
UK plans to ease ring-fencing regulations for banks to boost competitiveness
The current regulations, which require separation of retail and investment banking, were introduced to protect consumers following the 2007-09 financial crisis.
10/22/2024
The potential impact of the new UK Listing Rules on securities litigation
They represent a radical restructuring of the UK listing regime, with the aims of tackling the decline of the UK’s equity markets and making UK listed companies nimbler in international M&A processes.
10/22/2024
Flowbank Exposes Weaknesses in Asset Protection
Customer securities managed by Flowbank, while not part of the bank’s balance sheet, were expected to be transferred to another bank's custody relatively quickly.
10/22/2024
FCA cracks down on illegal finfluencers
The FCA also issued 38 alerts against social media accounts operated by finfluencers which may contain unlawful promotions.