26 Jul, 2024 FMSB opens debate on pre-hedging By Simon Treacy The Financial Markets Standards Board is shining the spotlight on pre-hedging. According to the FMSB, there is uncertainty about how...
05 Jul, 2024 Labour and the future of financial services regulation and enforcement By Sara Cody The Labour victory on 4 July 2024 represents the first time since 2010 that the party has been given the opportunity to shape the way in...
28 Jun, 2024 Steve Smart on combatting financial crime: talk to each other more! By Duncan Campbell One year after Steve Smart became the FCA's joint executive director of enforcement and market oversight, he has broken his (sort of)...
28 Jun, 2024 Welcome FCA guidance on monitoring under the consumer duty By Sara Cody The FCA has published its findings from a review of larger insurance firms’ approaches to outcomes monitoring under the consumer duty....
28 Jun, 2024 Bridging the Gap – FCA permits the return of GAP insurance By Sara Cody This week, I bought a car. On Monday morning, as I was dotting the ‘i’s and crossing the ‘t’s on the finance documents, the sales...
10 Jun, 2024 FCA fines HSBC £6.2 million for unfair treatment of customers in financial difficulty By Sara Cody Emma Daniel On 23 May 2024, the Financial Conduct Authority (“FCA”) fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services...
10 Jun, 2024 Key considerations when preparing your Consumer Duty Board report By Duncan Campbell Oliver Palmer Listen to our conversation with The Investment Association’s Consumer Duty Lead Mandeep Bhandal on key considerations when preparing your...
07 Jun, 2024 FCA looks to the future of finance in speech to investment managers By Simon Treacy Premlata Fagan In a globalised industry, having a strong regulatory regime that embraces innovation helps make the case for investing with money...
23 May, 2024 The Citi fat finger fines ... and UI design By Duncan Campbell The PRA's and FCA's Citi fines about algorithmic trading controls - provoked by a 2022 fat finger incident - tell a cautionary tale about...
21 May, 2024 No you can't have FCA-Qatar communications: Upper Tribunal By Duncan Campbell The Banque Havilland saga continues. After important decisions on privilege and third party references, we now have an Upper Tribunal...
17 May, 2024 Complaints, canaries and coalmines By Duncan Campbell Is your firm an investment management, personal investment or pension firm? Then pay attention. In this brave new world of early and...
14 May, 2024 FCA Enforcement is hammering the reset button. What happens next? By Duncan Campbell When announcing the FCA's controversial proposals about publicising investigations, Enforcement co-head Therese Chambers said also that...
13 May, 2024 The FCA is on a tear against retail investments promotions and unauthorised business By Duncan Campbell It's already well-telegraphed that the FCA is focused on retail customer harm from high risk retail investments (and their promotion) and...
01 May, 2024 UK lays out roadmap for Overseas Funds Regime By Raza Naeem Benjamin Maconick Emily Harmsworth Premlata Fagan Simon Treacy +2 more... Show less European funds can seek longer-term access to the UK market from later this year, according to a new OFR roadmap released by HM Treasury...
30 Apr, 2024 Bank of England steers market infrastructure to “test the unlikely” before operational resilience deadline By Simon Treacy The Bank of England has warned financial market infrastructures that they still have considerable work to do before operational...
25 Apr, 2024 CRO letter from PRA: Thematic review of private equity related financing – what do banks need to do before the August 2024 deadline? By Premlata Fagan In recent months regulatory focus has been on the scale, breadth, complexity and interconnectedness of banks’ private equity related...