12/06/2022
Deutsche Bank Hit With Bonds Cartel Complaint From EU
EU suspects traders illegally swapped pricing and trading info
Legal, Regulation & Compliance
12/05/2022
Bank accounts and FX services via EDB
Are your bank accounts compliant with regulation and from an EU authorised credit institution?
12/05/2022
Barclays slapped with £8.4 million interchange fee fine
During this time, Barclays processed a third of all card payment transactions in the UK.
12/05/2022
Smart garden communities can deliver for people and businesses
They are becoming increasingly popular forms of development as the UK grapples with the triple task of overcoming a shortage of housing, planning for the future of work and living post-Covid, and addressing the biodiversity and climate crisis.
12/02/2022
Addleshaw Goddard Financial Services & Banking News
The EPC states that all the services listed in this version 1.0 rulebook are currently optional
12/02/2022
FCA highlights continuing concerns about problem firms in the CFD sector
Approximately 80% of customers lose money when investing in CFDs and, because of the risks, the FCA has undertaken an extensive programme of work to ensure consumers are as protected as possible.
12/02/2022
Global advice company obtains Belgium licence
Firm can now provide services to clients across the EU
12/02/2022
PIMFA welcomes FCA proposals for a simplified advice regime
These proposals provide consumers with a first step on the ladder towards accumulating wealth in an efficient manner and should build broader individual confidence in the saving and investment market and the financial advice profession more broadly.
12/02/2022
Pimfa supports private retirement platform launch
It will highlight the range of support those approaching retirement - and those already retired - can receive from financial advisers and wealth managers, as well as other support and advice that might be available.
12/02/2022
‘Smash ‘n’ grab’ claims the most common for UK adjudicators
The tool contains data from more than 250 decisions and can provide valuable intelligence, not only on general trends, but also on how individual adjudicators tend to approach particular issues.
12/02/2022
Businesses subject to competition class action censured by UK tribunal
The CAT’s intervention concerns 11 of 12 companies that are defendants to collective proceedings before the tribunal.
12/02/2022
FCA fines Pembrokeshire Mortgage Centre Ltd £2.4m for serious failings in relation to the British Steel Pension Scheme
Many of the people advised were in a vulnerable position due to the uncertainty surrounding the future of BSPS and the short timescale they had to make a decision.
12/02/2022
Legislation enacted ahead of entry into force of trade agreements with India and UK
Australian businesses wishing to take advantage, from the outset, of the customs duty and trade facilitation benefits offered by the Indian and/or UK agreements should now be familiarizing themselves with the specifics of the relevant agreement for the pa
12/02/2022
FCA sets out plans to improve engagement with pensions
The FCA has set out its approach to supervision and enforcement for dashboard operators, including on fees, regulatory reporting, record keeping, prudential requirements and conduct rules.
12/01/2022
Julius Baer Pays Hefty Fine on Business with Yukos
The amount was previously disclosed in the mid-year report of the Julius Baer group.
12/01/2022
The PRA consults on proposals for implementation of the Basel 3.1 standards
Prudential Regulation Authority (PRA) has published consultation paper CP16/22 setting out its proposed rules and expectations that cover the parts of the Basel III standards that remain to be implemented in the UK.
12/01/2022
Addleshaw Goddard Financial Services & Banking News
The PRA will assess rates in 2023 based on the updated the Financial Policy Committee’s May 2022 framework
12/01/2022
Switzerland Freezes Billions in Russian Deposits
This reporting requirement does not affect people who either have citizenship or permanent residency in Switzerland or the European Economic Area (EEA).
11/30/2022
From Zeroes to Heroes: How culture in financial services can change for everyone’s benefit
The world of film and television focuses on the reckless and scandalous trope as – frankly – it makes for more exciting viewing.
11/30/2022
Danish financial regulator refers Jyske Bank to police for AML violations
The alleged shortcomings related to Jyske Bank’s handling of several high-risk customers, as well as a failure to investigate suspicious transactions.