6/13/2025 9:29:29 AM PISCES Q&A – key features of the world’s first regulated crossover market By Tom Godwin Richard Ho Jennifer McCarthy The FCA has now published its final rules for prospective operators of the new PISCES platforms (Private Intermittent Securities and...
6/12/2025 3:56:15 PM FCA proposes rules for stablecoin issuers and cryptoasset custodians By Cyrus Pocha Claire Harrop Borja Ruiz De Gopegui Noah Schmidt +1 more... Show less On 28 May 2025, the Financial Conduct Authority (FCA) published a consultation setting out its proposed rules for the two newly regulated...
6/11/2025 3:47:26 PM Navigating AML Risks in M&A: Implications of the New EU AML Package By Patrick Cichy Alexander Glos Jan Biermann Jan Struckmann Sara Dietz +2 more... Show less Anti-money laundering (AML) risk is no longer a peripheral concern in M&A – it’s a central deal issue. As enforcement ramps up across...
6/11/2025 9:52:42 AM FCA consults on proposed prudential rules for cryptoasset firms that issue qualifying stablecoins and safeguard qualifying cryptoassets By Claire Harrop Cyrus Pocha Borja Ruiz De Gopegui Noah Schmidt +1 more... Show less On 28 May 2025, the FCA published a consultation paper outlining its proposed prudential rules for firms that issue qualifying...
6/6/2025 11:56:10 AM Market volatility and UK defined contribution pensions: future risks for employers? By Andrew Murphy Gareth Davies Christy Lee In our previous blog, we considered the risks under the current legal regime in the UK to employers, trustees and providers arising from...
6/5/2025 2:34:07 PM DORA and critical ICT third-party service providers: the first round of “critical” designations approaching By Theresa Ehlen Alexander Glos Daphne van der Houwen Hans-Ulrich Klöppel John-Markus Maddaloni Carolin Kuehne +3 more... Show less The EU’s Digital Operational Resilience Act (“DORA”), which has become applicable in January this year, has elevated ICT regulation in...
5/30/2025 12:20:44 PM Responsible Openness Revisited: The PRA's Evolving Framework for International Bank Supervision By Michael Raffan Tricia Moffat Michael Byarugaba On 20 May 2025, the Prudential Regulation Authority (PRA) published a Policy Statement (PS6/25) and updated Supervisory Statement...
5/28/2025 12:24:24 PM The PRA’s updated supervisory expectations for managing climate-related risks: what this means for banks and insurers By Michael Raffan Elisabeth Overland Emily Smith Christopher Bernard Michael Byarugaba +2 more... Show less For a long time, both the PRA and FCA have recognised that climate change is a potential material financial risk to regulated firms. On...
5/28/2025 9:51:05 AM New UK bank levy for resolution becomes law By Michael Raffan Christopher Bernard Daniel Tichbi After almost a year working its way through Parliament, the Bank Resolution (Recapitalisation) Act 2025 received Royal Assent on 15 May...
5/27/2025 12:22:38 PM Investment research payment optionality: New joint payment option increases flexibility in how fund managers pay for research By James Smethurst Elisabeth Overland Borja Ruiz De Gopegui Aleena Mann +1 more... Show less The FCA has introduced a “joint payment” option for research and execution services for UK fund managers. This is intended to address...
5/27/2025 11:56:42 AM Market volatility and defined contribution pensions: a new dawn for mass claims? By Andrew Murphy Gareth Davies Christy Lee The recent fallout in global markets as a result of US President Trump’s trade tariff announcements may recall, to the minds of UK...
5/27/2025 10:40:17 AM Taming the “Wild West”: UK Government leads BNPL into the regulatory stable By Cyrus Pocha Emma Probyn Craig Dewar Christine Simpson Tricia Moffat +2 more... Show less The UK Government has saddled up to bring order to what it terms the “wild-west” of Buy Now Pay Later (BNPL). For years, BNPL has...