Mar 02, 2023 The Consumer Duty and the fight over the regulatory philosophy governing UK financial services By Gavin Haran The FT published a report, widely picked up elsewhere, that the UK’s City Minister, Andrew Griffith, has criticised the FCA’s flagship...
Dec 06, 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...
Jul 14, 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...
Jan 21, 2021 Big fraud: FCA proposes regulation of tech giants in relation to financial scams By Neill Blundell James Reid Lorna Emson On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...
Dec 03, 2020 Court of Appeal overturns High Court’s refusal of Prudential’s annuity Part VII transfer to Rothesay By Alexander Cibulskis The Court of Appeal has overturned last year’s judgment preventing the proposed transfer of c.£12.9bn in annuity liabilities from The...
Jul 06, 2020 Time for UK fintech regulation to climb out of the sandbox and grow up - nicely By Macfarlanes This is more or less how Matthew Vincent of the Financial Times recently summarised the conclusions of PA Consulting's and TheCityUK's...
Jun 24, 2020 The Council of the EU calls for greater financial crime powers By Neill Blundell Francis Bond The Council of the European Union (the Council) has called for a series of cross-continent actions designed to tackle financial crime....
Jun 18, 2020 Happy anniversary, EMIR Refit – a reminder to calculate the AANA of your OTC derivatives transactions By Edward Karsten Along with the planned changes to EMIR trade reporting which came into force on 18 June 2020, entities that previously calculated (or...
Mar 01, 2020 A prescription for smart regulation of healthcare AI By Macfarlanes With the twin goals of ensuring public confidence in the safety of healthcare AI and encouraging innovation and investment, 12 UK...
Dec 05, 2019 FCA publishes guidance on "greenwashing" By Macfarlanes The Financial Conduct Authority (FCA) recently published a feedback statement on climate change. The FCA's proposals focus on two areas:...
Sep 30, 2019 MiFID II unbundling: Firms keep calm and carry on By Macfarlanes Prior to MiFID II, research costs were often bundled into overall transaction fees paid by investors to managers. Since 3 January 2018,...
Jul 23, 2019 Phase 5 IM relief: BCBS/IOSCO today announced its recommendation to split the IM phase 5 implementation over a two-year period By Macfarlanes The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) today issued a...
Mar 06, 2019 BCBS/IOSCO gives guidance on the documentation and operational burdens of regulatory initial margin By Rob Daniell Yesterday, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) gave...
Feb 15, 2019 Cairncross Review recommends CMA investigation into competition in online advertising By Macfarlanes On Tuesday of this week, the Cairncross Review into a sustainable future for journalism was released. The Review highlights failures of...