28 Apr 2022 Government consults on post-Brexit prudential regime for insurers By Alexander Cibulskis Today the government has released a new consultation paper on its proposal for significant reforms to Solvency II – the prudential...
06 Dec 2021 Executive power: the FCA implements decision-making reform By Lorna Emson James Reid The FCA recently published a policy statement outlining changes to its decision-making processes, in order to make “faster and more...
22 Nov 2021 Paying the price: UK proposes mandatory rules for banks to compensate fraud victims By Lorna Emson James Reid The UK government has indicated that UK banks will be required to provide refunds to victims of “push payment” fraud (also known as “APP”...
07 Oct 2021 Trending up: Outsourcing in post-Covid Europe By William Hedges Mark Lewis Joy Davey Macfarlanes hosted a virtual outsourcing forum on 30 September, which brought together lawyers specialising in outsourcing and technology...
14 Jul 2021 SFDR delayed by six months following concerns over greenwashing By Harriet Miller On 8 July 2021, the European Commission (EC) informed the European Council that the implementation of level 2 of the Sustainable...
15 Jan 2021 Supreme Court judgment concludes FCA business interruption test case - FCA reports that more policyholders will have valid claims By Alexander Cibulskis Today the Supreme Court handed down its judgment in the FCA's Business Interruption (BI) test case.The judgment substantially upholds the...
15 Sep 2020 Judgment handed down in FCA Business Interruption test case: FCA reports that it largely favours policyholders By Alexander Cibulskis Update - read our longer article reflecting on the judgment and its implications hereThis morning the High Court handed down its judgment...
15 May 2019 Banks can no longer ignore financial inclusion, warns Treasury Committee By Aalia Datoo It is timely that in Mental Health Awareness Week, the Treasury Committee has published its Report on consumers' access to financial...
23 Nov 2018 The spectre of UWOs looms large over UK property: why this is a space to watch By Neill Blundell Tristan Honeyborne For those of you familiar with my regular updates, you will be aware that I have written much recently on the introduction of Unexplained...
05 Nov 2018 The first UWO shows that all firms must get their anti-financial crime arrangements in order By Neill Blundell Max Hobbs The BBC reported at the end of last week that more than £400,000 of jewellery has been seized from Christies auction house by the...
17 Sep 2018 The NCA ramps up its anti-money laundering drive - professional advisers be wary By Neill Blundell Max Hobbs The National Crime Agency (the NCA) has announced a ramping up of its anti-money laundering drive, as part of which we can expect to see...
16 Aug 2018 FCA scrutinises market abuse risk management at asset managers By Macfarlanes The FCA is reportedly sending questionnaires and making supervisory visits to asset management firms, focusing on their market abuse...