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Showing 11 - 20 of 963 matches filtered by 'Banking and finance'

  • Brexit news for financial services firms- - from 12 October 2019 to 18 October 2019

    Commentary This week saw the successful conclusion of negotiations over the revised Withdrawal Agreement (“WA”) (see Document 2 below) and the Queen’s Speech (see Document 1 below). However, the outcome of the Brexit process remains uncertain and the new domestic legislative program is overshadowed by the prospects of a general election.
  • FCA sets out cryptoasset business registration and fee requirements

    On 15 October 2019, the Financial Conduct Authority (“FCA”) published consultation paper CP19/29: Recovery of costs of supervising cryptoasset businesses under the proposed anti-money laundering regulations: fee proposals (“CP19/29”).  
  • Brexit news for financial services firms - from 5 October 2019 to 11 October 2019

    Commentary Writing on the weekend of 11/12th October and as the Hallowe’en deadline approaches, it seems to get more, rather than less, difficult to predict the Brexit flightpath and the ultimate destination. Of the multitude of possibilities, virtually none, if any, can now be ruled out. The UK may or may not leave the EU. If it leaves, it may do so under an Article 50 Withdrawal Agreement (WA)...
  • FCA consulting on discretionary commission models and disclosure in motor finance

    Following the publication in March this year of the findings from its review of the motor finance sector, the FCA has today opened a consultation on plans to: implement a ban on discretionary commission arrangements in the motor finance sector; and update the commission disclosure requirements in the Consumer Credit Sourcebook (“CONC”), part of the FCA handbook, for all providers of consumer...
  • EBA comments on the implementation of its new Outsourcing Guidelines

    EBA says progress has been slow and more needs to be done by banks to be operationally resilient and resolution ready.
  • FCA publish rules in relation to Overdraft Pricing and Competition Remedies

    As part of its review into high-cost credit, the FCA has published new rules designed to simplify and improve transparency of overdraft pricing. The rules, coming into force on 6 April 2020,  require firms to publish a range of overdraft pricing details – with a view to increasing consumers’ awareness of firms’ overdraft charging structures. Firms will be under an obligation to publicise, on a quarterly...
  • SMCR and regulatory references- what can solo regulated firms learn from the banking sector?

    Three years have passed since the banking sector implemented the Senior Managers & Certification Regime (SMCR) and two years since the regulatory references regime came into force.  From 9 December 2019, solo regulated firms will also become subject to these rules.  Can any lessons can be learned from the banking sector’s bedding in period? 
  • PRA flags current operational risk and resilience, cyber security and outsourcing issues for credit unions

    The PRA has reminded credit unions of its expectations regarding operational risk and resilience, cyber security and outsourcing issues in the published findings of its 2019 annual assessment of the credit union sector. 
  • PSD 2: Strong Customer Authentication and timetable for implementation

    The revised Payment Services Directive (PSD2) brought about a number of fundamental changes to the payments market in the EU, including imposing a requirement for certain payment services providers (PSPs) to apply strong customer authentication (SCA) where a payment service user:
  • Brexit news for financial services firms from-3 September 2019 to 13 September 2019

    1.    EIOPA highlight risks of a no-deal Brexit The Joint Committee of the European Supervisory Authorities published its latest report on Risks and Vulnerabilities in the EU Financial System. The report highlights uncertainties surround the UK's exit from the EU. It states ‘Although there seems to be a “Brexit fatigue” in the financial sector, supervisors continue to encourage institutions to prepare...