Search Filters

Advanced Search Advanced Search
Date range:

Showing 91 - 100 of 1186 matches filtered by 'Banking and finance'

  • A look of disapproval: the FCA’s new discussion paper on financial promotions rules for high-risk investments and firms approving financial promotions

    On 29 April 2021, the Financial Conduct Authority (“FCA”) published a Discussion Paper DP21/1 concerning the proposed strengthening of the financial promotion rules for high-risk investments and firms approving financial promotions (the “Discussion Paper”). The Discussion Paper relates to: the FCA’s classification of high-risk investments; further segmentation of the high-risk ...
  • Consumer credit firms: changes to SECCI imminent

    As previously reported, consumer credit firms must make changes to their pre-contract consumer credit information forms. These changes are now imminent and must be made from 1 June 2021. Which firms are affected? Firms subject to regulations 8, 10 and 11 of the Consumer Credit (Disclosure of Information) Regulations 2010 ...
  • The FCA and PRA ask banks to review their arrangements with deposit aggregators

    On 14 April 2021, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) sent a “Dear CEO Letter” to the chief executive officers of banks and building societies regarding the use of deposit aggregators and how to mitigate some of the key risks (link). However, the regulators were also ...
  • How to comply with the Belgian regulator’s requirements in the context of SFDR (Sustainable Finance Disclosure Regulation)

    In connection with the entry into force on 10 March 2021 of the European regulation on sustainability-related disclosures in the financial services sector, the Sustainable Finance Disclosure Regulation ("SFDR"), the Belgian regulator (“FSMA”) has set out a number of practical guidelines in a communication dated 9 March 2021, some of ...
  • Executive Remuneration: Consultation on Restoring trust in audit and corporate governance

    The UK Government’s Consultation on restoring trust in audit and corporate governance (which can be found here) has implications for executive remuneration policies in the UK. The Consultation is open to everyone but will be of particular interest to large privately-owned companies, FTSE350 companies, users and preparers of accounts, and ...
  • ESG Derivatives: all the lights are green

    In December 2020, in a true sign of the times, water entered Wall Street. Just like oil, it is now a rare commodity. It is now possible to hedge against a water shortage by entering into futures contracts on the Chicago Mercantile Exchange. Faced with the ravages of pollution on ...
  • The FCA publishes further updated tailored support guidance for mortgage firms

    The FCA has published finalised tailored support guidance (TSG) for mortgage firms, setting out its expectations on repossessions from 1 April 2021. The regulator also published the Coronavirus linked forbearance: key findings from its review of mortgage and consumer credit firms’ implementation of its TSG and the operational readiness of ...
  • Government acts to bring Buy-Now-Pay-Later products within the regulatory framework

    Following the Woolard Review (“the Review”) earlier this year, HM Treasury announced plans to bring Buy-now-pay-later (“BNPL”) credit agreements into regulation. The Government has now brought forward legislation to this effect, taking the first step to bring these products within the regulatory fold. BNPL products Many BNPL credit agreements rely ...
  • UK Budget 2021: A bright future for the UK FinTech ecosystem?

    On the 3rd of March 2021, Chancellor Rishi Sunak announced the latest UK budget. However, it came hot on the heels of the ground-breaking Kalifa Review into the UK’s flourishing FinTech industry. The Review highlighted that the UK is primed to become a world-leading FinTech hotspot, with a 10% current ...
  • LIBOR: the end is (formally) nigh

    Today marks an important milestone in LIBOR transition, with a formal announcement from the FCA that publication of most LIBOR settings will cease at the end of 2021. In a smoothly orchestrated move highlighting the importance of today’s news, derivatives trade body ISDA has announced guidance in relation to the ...