May 17, 2023 Enforcement crackdown on use of unauthorised communication channels continues By Lorna Emson Helen Carter Madeleine Brown As we wrote about in more detail in our recent article, employee use of personal communications channels for work purposes has become a...
Apr 20, 2023 PRA takes enforcement action under the Senior Managers & Certification Regime By Dan Lavender Daniel Fisher Madeleine Brown The Prudential Regulatory Authority (PRA) has issued a fine against an individual under the Senior Managers & Certification Regime...
Feb 03, 2022 ESMA’s briefing on tied agents: UK managers in the firing line? By Gavin Haran ESMA’s supervisory briefing on supervisory expectations in relation to firms using tied agents in the MiFID II framework will be...
Feb 02, 2022 FCA’s views on operational resilience: are you ready for 31 March 2022 deadline? By Joy Davey Banks, insurers and enhanced-scope SMCR firms will have to comply with the operational resiliency requirements that come into force on 31...
Sep 29, 2021 The ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol By Rob Daniell The European Overnight Index, or EONIA, is due to permanently cease to be published from 3 January 2022, as EONIA does not meet the...
Jun 14, 2021 How secure are secured liabilities? By Laura Uberoi Rosie Marriott When finances become distressed, creditors examine all avenues to recover their debt which can result in any intercreditor agreements...
Mar 09, 2021 Derivatives margin – UK launches consultation for proposed changes By Edward Karsten Following recent changes to EU law regarding derivatives margin and clearing and indications by the UK’s Prudential Regulation Authority...
Dec 29, 2020 The UK/EU free trade agreement: 10 points for financial services firms By Tim Plews With a free trade agreement between the UK and the EU agreed on Christmas Eve, there is now more visibility on the regulatory landscape...
Nov 17, 2020 “Strong and simple”: UK banks after 2021 By Tim Plews Last week, Sam Woods, CEO of the Prudential Regulation Authority (PRA) gave a speech on the regulatory architecture for UK banks...
Jun 24, 2020 FCA powers for LIBOR transition: firms beware By Tim Plews Yesterday, the Chancellor made various statements on financial regulation in the context of the forthcoming Financial Services Bill,...
Jun 15, 2020 Under the spotlight: EU action against money laundering in the banking sector By Neill Blundell Helen Harvey In the wake of a number of high-profile money laundering (ML) scandals in the banking sector, the European Court of Auditors (ECA) has...
May 26, 2020 Covid-19: FCA updates and extends guidance for mortgage firms By Alexandra Green On 22 May 2020, the Financial Conduct Authority (FCA) published draft updated guidance to mortgage lenders, mortgage administrators, home...
May 18, 2020 European authorities lift shorting bans By Edward Karsten Rob Daniell In a move co-ordinated with ESMA, the short-selling bans in the six European Union countries that had imposed them will end at midnight...
May 14, 2020 No weak links: EU Commission publishes action plan for unified money laundering fight By Neill Blundell Helen Harvey The EU Commission has published an action plan aimed at ensuring the EU puts on a more unified front in the fight against money...
May 04, 2020 Covid-19 and complaints: FCA guidance By Alexandra Green On 1 May, the Financial Conduct Authority (FCA) issued a helpful statement for firms on complaints handling, recognising the many...
Apr 27, 2020 Covid-19: FCA guidance for firms on temporary measures to support motor finance and high cost credit customers By Macfarlanes On 24 April 2020, the Financial Conduct Authority (FCA) confirmed a package of proposed temporary measures to support customers who have...