05/12/2023
Financial Services & Banking News
The policy statement also contains the PRA’s final policy
Legal, Regulation & Compliance
05/12/2023
Australia-UK free trade agreement: Preparations for goods traders
These benefits will not be automatic—a claim for preferential tariff treatment will need to be made for every consignment, and will depend on the goods satisfying the relevant rules of origin for the A-UKFTA.
05/12/2023
Stephenson Harwood advises Liberum on Castelnau's £56.6m placing
This transaction will significantly increase Castelnau's market cap and provide investors with exposure to Dignity as a private company.
05/11/2023
BIS publishes guide on offline CBDC use
The degree to which CBDCs will be provided or used offline will vary significantly by country, region, demographics and specific contexts, which will also influence the solutions chosen.
05/11/2023
Home REIT declines further sale deadline extension to Bluestar Group
Lack of board engagement
05/11/2023
ESMA postpones to 2024 the annual IFRS amendment of the ESEF
ESMA will monitor the implementation of the ESEF requirements
05/11/2023
UK financial fraud hits £1.2bn but APP losses dip
Unauthorised fraud losses across payment cards, remote banking and cheques reached £726.9 million in 2022, a decrease of less than one per cent.
05/10/2023
Liquidation-hit wealth manager under investigation
UK lifeboat scheme is now accepting claims against the company
05/10/2023
ECB's Schnabel sees more rate hikes until core inflation declines too
In her presentation, Schnabel also said inflation momentum in the euro zone remained high for all items except energy, and price pressures were broadening to most components in the consumption basket.
05/10/2023
Low income pensioners urged to apply for Pension Credit as deadline looms
The importance of claiming this credit if eligible cannot be overstated, especially considering the financial challenges that many households across the country are currently facing.
05/10/2023
Addleshaw Goddard: Financial Services & Banking News
The PRA received nine responses to the consultation paper, of which the majority agreed with the proposals.
05/10/2023
FCA warns of impending Consumer Duty deadline
The current cost of living squeeze makes it all the more vital consumers get fair value, and this should also benefit the competitiveness of the industry as firms strive to offer the best to compete for customers.
05/09/2023
Bank of England to hike interest rates for 12th time in a row and forecast falling inflation
Bank Governor Andrew Bailey and the rest of the MPC are likely to be lured into the decision by inflation remaining stubbornly high and the economy consistently defying the Bank’s downbeat projections.
05/09/2023
CJEU clarifies scope of right to obtain a copy of data under GDPR
The CJEU also said the information provided must "enable the data subject to ensure that the personal data relating to him or her are correct and that they are processed in a lawful manner".
05/05/2023
FCA sets out steps to improve whistleblower confidence
Whistleblowing provides the FCA with unique insights from inside the firms and markets it regulates.
05/05/2023
FCA continues action against unregistered crypto ATMs across the UK
Besides disrupting unregistered crypto businesses, the joint efforts have helped raise awareness of illegally operated crypto ATMs in the UK among the public.
05/05/2023
Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out
Between 2000 and 2500 appellants
05/05/2023
A guide to the UK's domicile regime
The benefits of the regime have been curtailed by legislation passed by previous administrations, most notably in the Finance Act 2008
05/04/2023
Government announces new plan to tackle fraud as only 29% of pension fraud reports sent for police investigation
The government’s new fraud strategy includes introducing a suite of new measures such as launching a new National Fraud Squad led by the National Crime Agency and the City of London Police and investing £30 million in a state-of-the-art report
05/04/2023
Sanctions tracker – round-up of recent UK and EU developments
The statutory guidance has also been amended to reflect the Amending Regulations and the Export Control Joint Unit has issued a Notice to Exporters.Sanctions tracker – round-up of recent UK and EU developments In this post we provide a summary of