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Showing 71 - 80 of 978 matches filtered by 'Banking and finance'

  • Implications for the provision of investment services and activities by intermediaries - CONSOB Warning Notice no. 3 of March 12, 2019

    On March 12, 2019, the Italian supervisory authority (CONSOB) released the “Warning notice” no. 3 relating to implications of Brexit in the general contest of financial services and intermediaries’ activities. The Warning notice is aimed to ensure the protection of investors, considering the material effects of a “No-deal” Brexit. The ...

    On 8 March, the FCA published the long-awaited final rules on the proposed new Financial Services Directory (the “FS Directory”). The introduction of the FS Directory is expected to be welcomed by firms and consumers alike. Following the FCA’s consultation during the summer/autumn of 2018, the emphatic industry view is ...
  • Brexit update for financial services firms - week ending 8 March 2019

    The week in outline: There were further announcements and publications about the financial services (FS) regulatory regime that would apply in a no-deal scenario i.e. if the UK leaves the EU without the transition period (TP) under the proposed Withdrawal Agreement (WA) (the ND regime). Details of the ND regime ...
  • FCA publishes results of its research into consumer attitudes to and awareness of crypto-assets

    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 ...
  • New Dear CEO Letter for P2P Crowdfunding Platforms

    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 ...
  • Brexit update for financial services firms - week ending 1 March 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 ...
  • Final FCA rules for the rent to own sector confirm benchmarking and price caps to apply from April 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 ...
  • FCA publishes final findings on motor finance review

    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

    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

    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 ...