01/04/2024
The Overseas Funds Regime
The CP does not include a date for the start of the new regime, although the FCA previously indicated it expects to start processing applications in Q2 2024.
Legal, Regulation & Compliance
01/03/2024
FCA doubles cancellation of non-compliant firms
The regulator cancels over 1,200 firms and cracks down on misleading adverts
01/03/2024
Authorised push payment fraud and mandatory reimbursement
The scheme will be implemented through the PSR giving directions to Pay.0UK, the independent operator of the Faster Payments scheme.
01/03/2024
New Year cheer: Financial services leaders upbeat for first quarter outlook despite inflation and interest rate concerns
New research from KPMG UK reveals over eight in ten leaders of financial services businesses are confident about short-term growth prospects
01/02/2024
Lighter regulation needed to attract ‘captive’ insurers to London
Calls by industry come ahead of promised UK government consultation on new regime
01/02/2024
Europe’s top securities regulator warns on risks from leveraged trades
Esma’s Verena Ross says efforts to monitor and curb bets that use borrowed money need to go further
01/02/2024
Euro zone government bond yields rise but still close to multi-month lows
Bond traders mentioned outsized moves based on thin liquidity in the last weeks of December when the Bund yield dropped below 2% before reversing sharply above that threshold.
01/02/2024
PRA Regulatory Digest - December 2023
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
12/29/2023
CySEC-Regulated TCR in €220 Million Money Laundering Storm
Also, local authorities are investigating TCR International's potential money laundering links.
12/29/2023
Duty calls: Future-proofing finance for everyone
The Consumer Duty marks a major shift for both firms and consumers.
12/29/2023
EBRD and EU to support Georgian firms via ProCredit Bank
ProCredit Bank, which has been operating in Georgia for 25 years, upholds European banking standards
12/29/2023
LTA, advice boundary and Isas: how these 3 reforms stacked up
It was first speculated that the chancellor Jeremy Hunt might increase the LTA so it came as a shock when at the Budget he chose to abolish it altogether.
12/28/2023
Financial Scandals Run Amok in Asia
Numerous banks have been used by the suspects in some form including UBS, Deutsche Bank, Citi, CIMB, DBS and Bank of Singapore.
12/28/2023
Schroders supports FCA’s proposed UK listing rules
These important changes are most welcome.
12/28/2023
FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac
Clone firms impersonate popular financial brands in the UK.
12/28/2023
BNP Paribas caught up in Cyprus-related money laundering investigation
The suspicious financial flows, reportedly more than €220 million, were made between 2019 and 2021.
12/27/2023
Tax Fraud: Swiss Banker Pleads Guilty
He was involved in a scheme that helped wealthy US taxpayers to conceal their income and assets in offshore accounts.
12/27/2023
Everton new takeover gets boost after Financial Conduct Authority approval
Discover Everton FC's imminent ownership shift as 777 Partners nears approval, pending Premier League and FA clearance.
12/22/2023
Switzerland and the UK sign agreement on mutual recognition in financial services
The agreement boosts competitiveness and fosters the close cooperation between these two major international financial centres.
12/22/2023
Linklaters advises iliad on its €650 million bonds issuance and on a tender offer targeting its outstanding bonds due February 2024 and October 2024
The bonds issued are admitted to trading on the regulated market of Luxembourg Stock Exchange.