14 Mar, 2024 Your guide to UK Banking Regulation in 2024 By Alastair Holt Simon Treacy Alastair Holt and Simon Treacy have co-authored the UK chapter for GLI’s Banking Regulation 2024. Banks continue to operate in a...
14 Mar, 2024 UK unveils measures to curb de-banking By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less New draft legislation shows how banks and other firms will have to give customers more info when ending payment contracts. The reforms,...
26 Feb, 2024 Four options for firms to consider when approaching the EU’s CRD6 By Jankee Gohil Simon Treacy As the legislative process for CRD6 / CRR3 comes to a close, attention is turning to what firms need to do to comply with the incoming...
02 Feb, 2024 PRA issues second largest fine for historic failings: what can we learn from this week’s action? By Clare McMullen Joseph Richmond Saurabh Gupta Stephen Clipsham +1 more... Show less On the day it confirmed a change to its penalty policy that many expect will lead to larger penalties, the PRA issued its second largest...
16 Jan, 2024 New SMCR fine: right-sizing controls to your business risk (and SMF delegations) By Joseph Richmond Duncan Campbell Saurabh Gupta Bit by bit, enforcement actions are giving us more clarity on what “reasonable steps” means for senior managers. The latest news: the...
13 Dec, 2023 Prioritisation and sequencing: FCA doubles down on savings rates - and says Consumer Duty enforcement is coming By Quynh McGrath Elizabeth Dowd FCA Chair Ashley Alder and CEO Nikhil Rathi just appeared before the Treasury Committee. They reported on various areas of interest...
13 Dec, 2023 Financial Regulation Legal Outlook 2024 By Rakhee Pattani Our Financial Regulation Outlook 2024 explores the key regulatory developments that we expect to see in the Banking, Asset Management and...
20 Nov, 2023 EBA speech draws connection between AI and operational resilience By Raza Naeem Terry Yiangou Simon Treacy Amber Heron +1 more... Show less The European Banking Authority has published a speech by its chair, José Manuel Campa, on operational resilience in EU financial...
27 Oct, 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...
13 Oct, 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....
02 Oct, 2023 Proposals for a revised UK ring-fencing regime By Michael Kent Peter Bevan Sumit Indwar Alastair Holt +1 more... Show less On 28 September 2023, the Government published its long-trailed consultation paper outlining proposals for material near-term reforms to...
11 Sep, 2023 FCA calls on wholesale banks to keep up standards By Premlata Fagan FCA writes to CEOs at wholesale banks about its priorities.Bosses told to show how their firms manage risks.CEOs must agree next steps...
04 Sep, 2023 UK reveals date for changes to financial promotions regime By Upasana Chauhan Simon Treacy New regulatory gateway for marketing financial services to apply from 7 February 2024.Affects businesses which rely on regulated firms to...
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...
04 Aug, 2021 Banking Regulation 2021 By Alastair Holt Are you looking for a user-friendly overview of UK banking regulation? If so, I hope you find this useful.
02 Jun, 2021 UK consumers complained about banking and payments, credit and loans much more during the pandemic (surprise, surprise!) By Elizabeth Dowd The FOS has released its latest quarterly and annual complaints data, showing that interactions with the FOS about banking and payment...