05/20/2019
FCA Proposes Guidance On Cryptoassets, But Questions Remain
The FCA consultation on guidance asks for responses to the questions it poses by April 2019.
Legal, Regulation & Compliance
05/20/2019
FCA investigations into City directors rise sharply
Complaints about ‘non financial’ behaviour soar at insurers and banks
05/20/2019
The next step in the battle for data? EU Commission opens formal investigation into Ireland's insurance market
The Commission explicitly states that the data pooling in question probably contributes to effective competition and benefits consumers
05/20/2019
Fraud firm run by Norwich brothers declared in default
A number of IFA firms are included in the most recent list, as well as a business called Vantage Investment Group.
05/19/2019
£200 million rollout of full fibre broadband begins
31 schools in rural areas amongst the first to benefit
05/19/2019
IMF urges German banking sector to accelerate restructuring
The IMF said the life insurance sector - which has been struggling to pay out on life insurance policies in an era of historically low interest rates - needed to speed up its move away from conventional guaranteed-return products to other kinds of product
05/19/2019
May to make 'new, bold offer' in Brexit bill, Labour sceptical
The date of the vote and the substance of what lawmakers will be asked to consider - including whether they will be given chance to indicate what preferences might secure a majority before the vote is binding - have yet to be made public.
05/19/2019
ISDA consultations on benchmark fallbacks
The first consultation sets out options for adjustments that will apply to the relevant risk-free rates
05/19/2019
Central Bank of Ireland issues urgent Brussels warning to traders
Addressing a funds industry conference, he called for progress on a long-term solution that would see trading settlement move permanently to Brussels.
05/19/2019
Who's Who Legal crowns Carey Olsen as Guernsey firm of the year
Carey Olsen was named Guernsey firm of the year based on detailed industry research and feedback from clients and other legal professionals around the world.
05/19/2019
Barclays and Co-op Bank in failed takeover discussions
The gambit has emerged less than two years after Qatari conglomerate Al Faisal Holding and Swiss investment firm Interritus hired Barclays to advise them on a bid for Co-op Bank.
05/17/2019
Leading the way on regulation by Karina McTeague
The UK Parliament had just taken a decisive lead in the regulation of financial services by establishing the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under the Twin Peaks model.
05/17/2019
Graham Bentley: FCA’s work on the advice gap cannot come soon enough
The great majority of those businesses were therefore built on revenues earned from initial and ongoing commissions attached to selling products, and indeed continued to benefit from the trail for another three years.
05/17/2019
Beckmann rights – back to basics
The Beckmann case, and subsequent case law, considered the meaning of these words and the extent of the pensions exemption.
05/17/2019
Capitalism without capital: understanding our new 'knowledge' economy
Speech by Jonathan Haskel
05/17/2019
At A Glance
The UK is currently a party to the Convention by virtue of its EU membership
05/17/2019
Alibaba’s Ma Worries EU Regulations Will Stifle Tech Innovation
With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.
05/17/2019
BoE speech on "stylish regulation" by Sam Woods
This, needless to say, would be anathema to the Prudential Regulation Authority and to all of us who have spent the last decade repairing the financial system.
05/17/2019
BoE speech on macroprudential policy
Speech given by Donald Kohn, Member of the Financial Policy Committee
05/17/2019
Investec reveals impact of robo-advice closure
The company has now confirmed an estimated 50 staff will be impacted by the closure