May 28, 2021 Measures to protect loyal home and motor insurance customers By Becky Jacombs The FCA has published a policy statement setting out measures to improve competition and protect home and motor insurance customers from...
May 28, 2021 Virtual sanity: PRA sets out steps to counter cyber risk By Jimi Piggott-Bader There are still "too many instances of failures in basic cyber hygiene". That is the view of Lyndon Nelson, Deputy CEO of the PRA. His...
May 26, 2021 Measuring the EU banking sector’s ‘greenness’ By Terry Yiangou The results of the EBA’s first climate risk-mapping pilot for banks are finally with us. At a high-level (and among others), these...
May 26, 2021 Business interruption claims. Could we be looking at 'the next PPI'? By Michael Fatungase After the FCA's test case, UK policyholders have been claiming against their business interruption insurance. The amount has totalled...
May 26, 2021 Ratings shopping: ESMA consults on CRAR disclosures By Linklaters ESMA has today published a consultation paper proposing guidelines on disclosure requirements for credit rating agencies (CRAs) on...
May 26, 2021 Back to "Business as Usual": The PRA's 2021-22 Business Plan By Clare Wiles In its Business Plan for 2021-22 the PRA looks to move past a year dominated by Covid-19 and return its focus to "business as usual",...
May 26, 2021 FOMO investing: is regulation ready? By Pansy Wong After all the attention Reddit users trading Gamestop gave to so-called "meme stocks" earlier this year, it seems that now crypto...
May 25, 2021 Not fully engaging with all creditors is a risky tactic as UK Court and the FCA say "Adios" to Amigo's proposed rescue plan By Linklaters Amigo, markets itself as an alternative lender welcoming those with a less than perfect credit score but its door is only open for those...
May 25, 2021 You have been warned: the FCA’s messages to banks and social media about online scams By Ben Packer The proliferation of online scams and frauds won’t be news to anyone: we’ve all seen the online adverts, received the text messages and...
May 24, 2021 Annual check-ups for payment firms By Grace Megroz It is a year since the FCA first aired its expectation that payment firms which are required to be audited should arrange specific annual...
May 24, 2021 The FCA's expectations regarding firms' review of legacy outsourcing arrangements By Olivia Murphy Outsourcing, and its monitoring, is something that firms across the spectrum of the financial services universe have to contend with....
May 24, 2021 Reading on regulation of household credit before the financial crisis By Omar Salem Following my presentation last week at the LSE on the regulation of household credit before the financial crisis, I had a request for...
May 24, 2021 Court of Appeal ruling in Adams v Options provides limited clarity on client’s best interests rule By Jimi Piggott-Bader In April, the Court of Appeal handed down its judgment in Adams v Options UK, with the claimant partially successful in appealing the...
May 21, 2021 Sorry... who is this? Phase 2 for Confirmation of Payee By Frances Hodgkins With losses reportedly totaling in the region of £479million in 2020, more needs to be done to protect the thousands of individuals and...
May 21, 2021 Non-financial misconduct: FCA talks the talk but expects firms to walk the walk By Duncan Campbell The FCA has stated clearly that "non-financial misconduct is misconduct", and followed this up with publicised enforcement action...
May 21, 2021 Strengthening the Financial Promotion Rules for High Risk Investments By Becky Jacombs At the end of last month, the FCA released a discussion paper seeking views on changes to its financial promotions rules to address harm...