07/15/2024
EU takes Elon Musk's X to court over blue checks and ads
European regulators say when Musk relaunched the blue check “verification” system after he purchased Twitter in late 2022
Legal, Regulation & Compliance
07/15/2024
Prudential Regulation Authority (PRA) statement on the design of the dynamic general insurance stress test (DyGIST) 2025
This statement provides further information on the dynamic general insurance stress test that the PRA intends to run in 2025.
07/15/2024
Expected implications for UK non-domiciles
As part of these changes, it was previously proposed to reform some of the rules which apply to offshore trusts settled by UK Non-Domiciled residents as follows.
07/12/2024
Court sets dates for ‘finfluencer’ trials
These dates were the earliest the Court could accommodate this case
07/12/2024
José Manuel Campa interview with Világgazdaság: Regulators need to watch big digital platforms, European Banking Authority head says
Hungary as president of the European Union in the second of half of 2024 could play a key role in setting trends – José Manuel Campa said in the interview.
07/12/2024
GFSC fines trust company £266,000
The Guernsey Financial Services Commission said the failings were serious and spanned a significant period.
07/12/2024
Germany Threatens Fintech Solaris With Fines Over Slow Fixes
While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.
07/11/2024
FCA overhauls listing rules to boost growth and innovation on UK stock markets
The overhaul of listing rules better aligns the UK’s regime with international market standards.
07/11/2024
BNP Paribas and Mistral AI sign a partnership agreement covering all Mistral AI models
This first engagement produced strong results and, as a consequence, BNP Paribas extended the collaboration to the wider Group starting February 2024.
07/11/2024
FCA listing reforms admirable, but more to London's woes than the rules
The main reason for the gloomy clouds over the City is the makeup of the main indices.
07/11/2024
Britain fast-tracks biggest company listings shake-up in decades
The regime, which aims to attract a wider range of listings by reducing red tape, is backed by the country's new Labour government as it focuses on reviving growth and investment.
07/11/2024
Quilter warns of possible 'remedial costs' as regulators probe wealth customer service
Last month, the Financial Conduct Authority requested data regarding ongoing servicing from 20 UK wealth management firms
07/10/2024
A multi-tool for cross-border payments: the power of Legal Entity Identifiers − speech by Victoria Cleland
Given at the FSB-GLEIF-ROC Global LEI conference
07/10/2024
European Banking Authority to Consider Reporting Requirements for Nonanks
In 2022, these lenders provided an estimated $333 billion in loans — up 60% from 2021’s total, the report said, citing data from the Alternative Credit Council.
07/10/2024
CSDR Refit: ESMA consults on rules to recalibrate and further clarify the framework
All the policy mandates under consultation today will contribute towards the effective recalibration of the CSDR regime.
07/09/2024
FCA cautions adviser firms over challenges of overseeing overseas representatives
Advisers should consider terminating agreement with overseas appointed reps if they ‘cannot adequately monitor’ their activities
07/09/2024
Turning failure into opportunity: Resilience by Design
Resilience by Design transcends the traditional concept of response and recovery and infuses resilience into the architectural design of an enterprise – its people, processes, strategies, and systems.
07/09/2024
EBA identifies key supervisory areas as part of the European Supervisory Examination Programme for 2025
The ESEP is aimed at driving supervisory convergence by providing competent authorities with a single set of priorities for implementation in 2025.
07/09/2024
Green Notice 2024/01
The Bank’s Data and Statistics Division would like to give notice of our intention to update the Statistical Data Point Model.
07/08/2024
French election positive for markets, but risks remain in political impasse
The political deadlock poses significant risks, particularly in light of France’s challenging fiscal position.