30 May, 2022 Environment Audit Select Committee launches inquiry into finance and the UK’s transition to net zero By Omar Salem The House of Commons Environment Audit Committee (EAC) has launched an inquiry into the role of the financial sector in the UK’s...
30 May, 2022 The UK Supreme Court's CMA v Flynn decision is unlikely to change the Upper Tribunal's approach to costs against the financial services regulators By Duncan Campbell Recent legal commentary has exaggerated the practical implications of the UK Supreme Court's decision in CMA v Flynn Pharma [2022] UKSC...
26 May, 2022 EU Commission answers on Taxonomy and SFDR questions: closed products in scope and Taxonomy-alignment disclosure data problem By Raza Naeem Benjamin Maconick Earlier this month we reported that the ESAs had asked the Commission various questions relating to SFDR and Taxonomy - see post....
19 May, 2022 Why wait? Challenger banks prepare for the FCA’s Consumer Duty By Olivia Murphy Simon Treacy In our discussions with clients, we know that many firms have already begun preparing for the Consumer Duty. Even though the FCA hasn’t...
19 May, 2022 What's happening with the FCA strikes? By Omar Salem Staff at the FCA voted in April with 75% of those voting supporting industrial action. This was the first time staff at the FCA had ever...
18 May, 2022 Calling EEA payments and e-money firms: the European Commission wants to hear from you By Olivia Murphy Is the Payment Services Directive fit for purpose? That is the question the European Commission is asking in a new consultation paper on...
12 May, 2022 Lines of duty - what the FCA's Consumer Duty means for insurers By Duncan Campbell Jimi Piggott-Bader In proposing the Consumer Duty, the FCA pinpointed several issues relating to insurance, including the value of add-on products, price...
12 May, 2022 Harness D&I to capitalise on innovation (and comply with our rules): FCA By Duncan Campbell FCA Chief Executive Nikhil Rathi continues to put diversity and inclusion front-and-centre. In his recent speech to CISI he highlighted...
12 May, 2022 Get ready for FSMA 2023! By Omar Salem The Financial Services and Markets Act 2000, which was put in place by New Labour when it overhauled financial services legislation, is...
11 May, 2022 Well, stablecoin (prudential) regulation is definitely coming now By Duncan Campbell Those of you following cryptoasset markets over the past week have seen one of the most dramatic events to date in an already volatile...
05 May, 2022 Pure and simple: Which challenger banks could benefit from lighter-touch rules? By Simon Treacy Simple is a word rarely associated with prudential regulation. But the idea is starting to take hold that UK capital requirements could...