24 Apr, 2024 From PSD2 to PSD3 and PSR – European Parliament sets out its vision on the future of payments By Natalie Pettinger Kearney Eva Schneider Daniel Klingenbrunn Jimena Gonzalez Alicia Hildner +2 more... Show less The payments landscape has undergone significant changes over the past decade, changes driven by fast-paced technological advancements...
22 Apr, 2024 Freshfields sponsors TheCityUK International Conference and co-writes report on measuring competitiveness of UK financial regulators By Lloyd Rees Claire Harrop Emma Rachmaninov Christopher Bernard +1 more... Show less Freshfields sponsors TheCityUK International Conference and co-writes a report on “Advancing international competitiveness and economic...
08 Apr, 2024 High Court hands down its first judgment on the Quincecare duty since Philipp By Christine Simpson Sarah Robinson Qifei Zou The High Court’s recent judgment in CCP Graduate School Ltd v National Westminster Bank, [2024] EWHC 581 (KB) is the first decision...
26 Mar, 2024 Trends in fintech: our EU predictions for 2024 By Natalie Pettinger Kearney Eva Schneider Alicia Hildner Daniel Klingenbrunn Jimena Gonzalez Victor Garcia Lopez +3 more... Show less As we did in 2021, 2022, 2023 we have crowdsourced some fintech predictions for the year ahead from the EU Freshfields Fintech team,...
18 Mar, 2024 The Private Intermittent Securities and Capital Exchange System (PISCES) By James Smethurst Tom Godwin Richard Ho Regina Erie Christopher Bernard Jennifer McCarthy +3 more... Show less This blog considers the recent HM Treasury (HMT) consultation on the proposed trial of a new ‘Private Intermittent Securities and Capital...
15 Mar, 2024 Failing to prepare or preparing to fail – PRA policy statement on solvent exit planning for non-systemic banks and building societies By Michael Raffan Lauren Moorin Fran Kaehr In a 2021 speech, Sam Woods, the CEO of the UK’s Prudential Regulation Authority (PRA), stated that one of the regulator’s focuses for...
06 Mar, 2024 'De-banking’ claim against Revolut struck out as an abuse of process By Harry White Anthea Bowater In the recent case of Uzbekov v Revolut, the English High Court struck out a breach of contract claim brought by Mr Uzbekov following...
29 Feb, 2024 FCA consultation on publicising investigations: Balancing transparency and collateral damage? By Lucy Clark Ali Sallaway On 27 February 2024, the FCA announced a consultation on proposed amendments to its existing enforcement policy. These include proposals...
19 Jan, 2024 New Year, New Me(chanism for bank resolution) – HM Treasury consultation on enhancements to special resolution regime By Michael Raffan Lauren Moorin Fran Kaehr The failure of Silicon Valley Bank (SVB) in spring 2023 posed new challenges for the UK resolution regime, as we commented in a blog post...
09 Jan, 2024 Employment, incentives and pensions: six key themes to look out for in 2024 By Amy Rentell 2023 was a busy year for updates in the employment, incentives and pensions space. And as we move into the new year, there are no signs...
03 Jan, 2024 Mind the UK ‘advice gap’: Considering the Advice Guidance Boundary Review By Elisabeth Overland Christopher Bernard Billy Liu On 8 December 2023, HM Treasury (HMT) and the FCA published a joint policy paper (DP23/5) on the Advice Guidance Boundary Review (the...
21 Dec, 2023 Regulation of culture in financial institutions: global trends and challenges By Elisabeth Overland Holly Insley Falko Glasow Jennifer Loeb Christopher Bernard +2 more... Show less Around the world, regulators have become increasingly concerned about culture in financial services firms, as part of a wider focus on...