Oct 30, 2023 Look at all these interventions! By Duncan Campbell In this year's FCA Annual Public Meeting Ashley Alder (Chair) said that supervisory interventions and enforcement are both essential and...
Oct 30, 2023 The Consumer Duty: data, data, data By Duncan Campbell The FCA's Annual Public Meeting is an important opportunity for FCA execs to do some market messaging. And this year, when it comes to...
Oct 30, 2023 UK updates cryptoasset regulation plans: Government promises legislation in 2024 By Simon Treacy The government has responded to its consultation on a future regulatory regime for cryptoassets. In general the government intends to...
Oct 27, 2023 UK regulators sum up industry views on AI in financial services By Simon Treacy Saurabh Gupta The Bank of England, FCA and PRA have issued a feedback statement in response to their joint discussion paper on artificial intelligence...
Oct 27, 2023 FCA reviews how payments firms stop money mules ahead of Government action plan By Simon Treacy Snapshot:FCA shares findings from review of payment account providers’ systems and controls against money mule activityFirms are...
Oct 25, 2023 FCA warns about common issues with crypto marketing By James Morris Simon Treacy Jamie Johnson The FCA has warned firms about three common issues with their crypto marketing, namely: promotions making claims about the safety,...
Oct 23, 2023 Finally final: EU MiFID II / MiFIR Review package is finalised as things speed up to implementation By Karen Cooper Nearly 2 years after the European Commission first proposed changes to MiFID II and MiFIR, EU legislators have finally agreed what those...
Oct 23, 2023 EU case could draw a line between payment services and e-money issuance By Simon Treacy If a payment institution receives funds without a specific payment order and holds these funds for longer than the legal time limit, does...
Oct 20, 2023 The Consumer Duty and the Champion: a primer for boards and board members By Duncan Campbell In this post - aimed at boards and board members - we explain how the Consumer Duty can apply to companies whether or not financial...
Oct 19, 2023 The Equifax cyber fine: something for everyone By Duncan Campbell Equifax UK just got an £11m FCA fine over the 2017 cyberattack against its US parent involving disclosure of data on numerous individuals...
Oct 13, 2023 Update on recent financial regulatory developments in the U.S. By Stephen Clipsham Brad Caswell Our U.S. Financial Regulation Group have published their latest update covering the most critical regulatory developments in the U.S....
Oct 11, 2023 FCA shows it means business as it starts to enforce crypto marketing regime By James Morris Simon Treacy Snapshot:FCA issues 146 alerts in first 24 hours of new cryptoasset marketing regimeAlso takes action against prospective approver of...
Oct 11, 2023 Breaking open financial data in the EU By Simon Treacy A draft EU law suggests requiring financial firms to open up access to their customers’ data via new dashboardsFirms would have to join...
Oct 09, 2023 Key messages from the FCA on sanctions compliance and controls By James Bowen The FCA has indicated its focus on sanctions compliance and control measures in the UK regulated sector on a number of occasions since...
Oct 06, 2023 How critical is critical? European Supervisory Authorities issue DORA Technical Advice By Simon Treacy Jamie Johnson DORA, the EU’s regime for operational resilience, imposes obligations on technology firms providing critical services to the financial...
Oct 06, 2023 PSR issues new consultation to enable mandatory reimbursement for APP fraud victims By Jimi Piggott-Bader The PSR has opened a consultation on a proposed specific direction under which firms will be required to follow new rules and reimburse...