Articles

Search Filters

Advanced Search Advanced Search
Date range:

Showing 121 - 130 of 1043 matches filtered by 'Banking and finance'

  • New Dear CEO Letter for P2P Crowdfunding Platforms

    11/03/2019
    Last week the Financial Conduct Authority (the “FCA”) released a Dear CEO Letter for P2P Crowdfunding Platforms requesting that platforms review their wind-down arrangements. The Dear CEO Letter found that, following a recent supervisory review, some P2P firms are falling short of the standards set out in the FCA’s rules ...
  • FCA publishes results of its research into consumer attitudes to and awareness of crypto-assets

    11/03/2019
    On 7 March 2019 the FCA published the results of its research into consumer attitudes to and awareness of crypto-assets. The regulator had commissioned two pieces of research to understand both attitudes and motivations among crypto-asset customers, and the level of awareness of these products among consumers in general: the ...
  • Final FCA rules for the rent to own sector confirm benchmarking and price caps to apply from April 2019

    06/03/2019
    On 5 March 2019 the FCA published its Policy Statement and finalised rules on rent to own ('RTO’) products and alternatives to high cost credit, taking account of the feedback received on its earlier consultation paper on this subject. We reported on the consultation paper and the proposed new rules ...
  • Brexit update for financial services firms - week ending 1 March 2019

    06/03/2019
    In outline: Once again, most of the interesting publications this week relate to the regulatory regime for a no-deal scenario i.e. exit without a transitional period (TP) under the proposed withdrawal agreement (WA) (the ND regime). These relate to UK ‘near final’ regulatory rules, deposit protection arrangements and a UK/US ...
  • FCA publishes final findings on motor finance review

    04/03/2019
    The FCA has today published the final findings of its review into motor finance which began in July 2017. The FCA’s findings centre around four key areas: Commission structures; Sufficient, timely and transparent information; Lender controls; and Affordability assessments. Commission Structures In respect of commission structures, the FCA assessed data ...
  • EBA releases outsourcing guidelines

    01/03/2019
    On 25 February 2018, after extensive consultation the European Banking Association (“EBA”) has published its latest set of guidelines (the “Guidelines”) relating to the outsourcing arrangements of those financial institutions that fall within its remit. The impetus of the Guidelines is intended to harmonise the approach of the financial institutions ...
  • Brexit update for financial services firms - week ending 22nd February 2019

    27/02/2019
    In outline: The regulatory arrangements in a no-deal scenario (the “ND Regime”) continued to be the main focus in the financial services (“FS”) sector. For a more detailed view of the different regulatory arrangements, see our updated no-deal database here. HM Treasury (“HMT”) published a revised policy note on the ...
  • Brexit - ESMA clarifies its position on trade reporting in a no-deal climate

    26/02/2019
    In a bid to clarify the reporting obligations of trading data following a no-deal Brexit, the European Securities and Markets Authority (“ESMA”) has published a statement providing guidance on how trading data between the United Kingdom and the European Union should be handled. Under the European Market Infrastructure Regulation (“EMIR”), ...
  • Brexit update for financial services firms - week ending 15 February 2019

    26/02/2019
    In outline: There was not a huge amount of financial services (FS) material published this week. The regulatory regime for a no-deal scenario (the ND regime) continues to be the main area of focus. Steven Maijoor gave a speech which provides a useful overview of ESMA’s preparations for the ND ...
  • Brexit - the Bank of Italy’ guidelines on information duties to the Italian customers by UK banks and financial institutions operating in Italy

    25/02/2019
    Along the lines of the letter to the market published by IVASS on October 3, 2018, on February 19, 2019 the Bank of Italy has published the guidelines on Brexit-related information duties to Italian customers by UK banks, payment institutions and e-money institutions, which currently provide services in Italy under ...