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...
20 Dec, 2023 Human rights and supply chain compliance for the financial sector: Clarifications on human rights due diligence? By Marlen Vesper-Gräske Elisabeth Schemmer Falko Glasow Elizabeth Forster +1 more... Show less The EU institutions have reached a provisional compromise and are continuing final technical negotiations for the legislative text of the...
19 Dec, 2023 Financial services and capital markets in CEE – key regulatory and legal trends in 2023-2024 By Florian Klimscha Stephan Pachinger Anouschka Zagorski Victoria Bazil Eva Schneider +2 more... Show less In the constantly evolving landscape of Central and Eastern Europe (CEE), financial services and capital markets face a vibrant...
19 Dec, 2023 The Future of Payments Review – A recipe for success? By Michael Raffan Christopher Bernard Julia Robilliard-Smith Natalia Rodriguez Moskalkova +1 more... Show less On 22 November 2023, the UK government published the Future of Payments Review report. The Future of Payments Review was initiated in...
18 Dec, 2023 Road to CRD 6 - common rules for third country branches now finalised By Alexander Glos Alicia Hildner Jan Struckmann Initially proposed by the EU Commission in 2021, the EU Banking Package is now taking its final shape since the co-legislators have...