04/23/2024
‘Big Tech a priority’ says FCA Chief Executive
Currently, Big Tech firms can access financial services data through Open Banking but are not required to share their data with the financial industry.
Legal, Regulation & Compliance
04/23/2024
Commerz Real implements solar projects in Sweden
Klimavest is invested in solar and wind farms in Germany, Finland, France and Spain.
04/23/2024
FCA confirms anti-greenwashing guidance and proposes extending sustainability framework
The new rule is designed to protect consumers by ensuring sustainable products and services they are sold are accurately described.
04/22/2024
EU leaders call for strengthening the EU’s competitiveness
To improve the competitiveness of EU companies we also need to further reduce the cost of energy.
04/22/2024
Culture in financial services still needs to improve to better serve women, says FCA
Women will control 70% of global wealth within two generations.
04/22/2024
ESAs consult on technical standards for joint examination teams under DORA
The proposed technical standards take into account the high technical complexity of the oversight activities and the scarce availability of the expertise needed to perform them.
04/19/2024
Independent audit confirms that the loans are granted correctly
The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative
04/19/2024
Neil Woodford turns finfluencer
It warned it was considering regulatory action.
04/19/2024
Generali: a new organizational structure for an integrated insurance and asset management group
Starting from June 1st 2024, the Generali Group will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management
04/19/2024
Andy Cole and other ex-footballers join scam victims in HMRC campaign
Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills.
04/18/2024
Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers
The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology
04/17/2024
Pension pressures persist as FCA data reveals a 14.6% surge in lump sums
The latest FCA retirement income data suggests the cost-of-living crisis continued to exert pressure on pension withdrawals in the fiscal year 2022-23.
04/17/2024
MP raises 'serious concerns' about FCA's handling of Woodford scandal
The warning notices given to Woodford and his firm are not the FCA's final decisions
04/17/2024
Norton Rose Fulbright advises financiers on Star Bulk acquisition
The team was led by Norton Rose Fulbright Co-Head of Asset Finance and Head of Greece Yianni Cheilas and Athens partner Evi Platsidaki
04/16/2024
Asset management: common errors when applying for authorisation
Before applying for authorisation, firms wishing to operate in the asset management sector should consider the points below, alongside the relevant information for your type of firm.
04/16/2024
FCA statement regarding motor finance firms’ financial resources
This will help ensure firms are able to act promptly to resolve complaints if we decide the pause should be lifted and complaint handling should resume.
04/16/2024
Nic Cicutti: FCA won’t back down on ongoing charges
Advisers should expect continued scrutiny by the regulator regardless of the name of the regime under which they come
04/16/2024
Financial Services & Banking News
The PRA states it is issuing the statement to respond to clarifications requested by firms
04/15/2024
Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees
Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.
04/15/2024
Solvency II Review – Matching adjustment reform implementation considerations for 30 June 2024
The PRA will seek to ensure that no unintended changes are made to the PRA’s policy on assets which are considered to have ‘fixed’ cash flows.