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Legal, Regulation & Compliance

02/19/2025

Striking the right balance: the ECB’s balance sheet and its implications for monetary policy

During this tightening phase, we used policy rates as the primary tool for setting our monetary policy stance, while normalising our balance sheet in a measured and predictable way.

02/19/2025

Substance, Tax Treaties and the UK Supreme Court in Royal Bank of Canada

The uncertainty that this can open up is considerable.

02/18/2025

FCA fines Mako for failings relating to cum-ex trading

Mako also failed to adequately apply the policies and procedures it did have in place.

02/17/2025

Nvayo Limited enters special administration

Nvayo is authorised by the FCA to issue electronic money (e-money) and provide payment services.

02/17/2025

Compliance costs Luxembourg banks over €500m annually: ABBL chair

The growth of Luxembourg’s private banking sector has been impressive, with assets under management rising to €628bn.

02/14/2025

Mishcon de Reya's Private Client lawyers ranked in ALM Private Client Directory 2025

The directory features the top 250 individuals chosen by their own peers within the private wealth industry.

02/14/2025

Joint EU-UK Financial Regulatory Forum

Both sides also noted the importance of continued cooperation in other areas, such as anti-money laundering and sanctions.

02/14/2025

FCA charges Hampshire-based independent financial adviser with multiple fraud offences

The firm provided financial advice on investments, insurance, and pensions, but was not authorised to hold or control client money.

02/13/2025

Macfarlanes advises Legal & General on £370m buy-in with the TUI Group UK Pension Trust

The Macfarlanes team was led by Insurance Partner Andrew Barton and Senior Counsel Madison Kaur.

02/13/2025

FCA can take crucial step to close advice gap with targeted support

The FCA’s retirement income market data also shows that more than 145,000 DC pension plans over £30,000 were withdrawn at likely unsustainable rates of 8% and above.

02/12/2025

FRC announces successful UK Stewardship Code signatories ahead of consultation closure

The FRC invites signatories to review the interim changes to reporting for Stewardship Code Signatories as they prepare for their next report under the current Code.

02/12/2025

The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.

02/12/2025

PS2/25 – Streamlining firm-specific capital communications

Policy statement 2/25

02/12/2025

Focus on anti-money laundering: tackling the issue of "money mules"

In particular, we set out what payment services firms should be focusing on to reduce the impact of money mules cross-industry.

02/11/2025

Shoosmiths advise ScaleUp Capital on major investment duo

It supports over 120 UK public sector clients, including NHS bodies, central government departments and local authorities.

02/10/2025

FCA steps up action against misleading financial adverts

The FCA continues to urge social media platforms to do more to proactively identify and prevent illegal financial promotions.

02/10/2025

Financial Market Infrastructure (FMI) regulation in a changing world: our priorities for 2025 − speech by Sasha Mills

Given at the Bank of England Chair/CEO/INEDs Roundtable for UK Financial Market Infrastructure firms (FMIs)

02/07/2025

Lords report concludes that naming and shaming is not the way to regulate

Respondents to the Committee’s Call for Evidence pointed to the lack of evidence provided by the FCA to justify the shift.

02/07/2025

​The EBA issues an Opinion in response to the European Commission’s proposed amendments to the EBA draft technical standards on conflicts of interests for issuers of asset-referenced tokens

The EBA agrees with the substantive changes proposed by the EC, which favour proportionality, as well as with the other amendments which are considered non-substantives. ​

02/07/2025

Reaction as Bank of England cuts base rate to 4.5%

The uncertainty for the BoE has been exacerbated by potential impacts from last October’s Budget as well as unreliable labour market data from the ONS.

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