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Showing 1 - 10 of 935 matches filtered by 'Banking and finance'

  • Brexit news for financial services firms from - 21 June 2019 to 5 July 2019

    11/07/2019
    SWISS- EU RELATIONS: SWITZERLAND LOSES STOCKMARKET EQUIVALENCE The EU failed to renew its trading venue equivalence decision for Switzerland under MiFID/MiFIR. The previous short term decision expired at the end of June. The Swiss Federal Department of Finance (FDF) responded with measures announced in their press release here.  The Financial Times reported on market reaction in its article of 30...
  • Brexit news for financial services firms - from 10 June 2019 to 21 June 2019

    10/07/2019
    PRA:PS5/19 THE BANK OF ENGLAND'S AMENDMENTS TO FINANCIAL SERVICES LEGISLATION UNDER THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 An updated version of this PS has been published. The updated version can be found here.
  • Crowdfunding: The Council for the EU publishes the next step towards an EU Crowdfunding Regulation

    01/07/2019
    On 26 June 2019, the Council for the European Union published a compromise proposal in relation to the European Commission’s draft framework to regulate crowdfunding platforms in the EU (the "Crowdfunding Regulation"). The proposed regulation is part of the Council’s efforts to improve access by investors and businesses to new financing sources.  The compromise proposal published follows the European...
  • PRA Dear CEO Letter to Fast Growing Firms

    14/06/2019
    On 12 June 2019 the PRA published a new ‘Dear CEO’ letter summarising the regulator’s findings from a review of 20 non-systemic deposit taking firms that it has undertaken over the past year. The firms reviewed are mostly growing faster than the market as a whole, so the PRA refers ...
  • The overdraft market - a new era

    12/06/2019
  • Brexit news for financial services firms - from 25 May 2019 to 7 June 2019

    10/06/2019
    1. FCA/AFM: JOINT AGREEMENT FCA and the Dutch Authority for the Financial Markets (AFM) met on 3 June 2019 and have signed a joint agreement of cooperation (the text of which has not been published). FCA notes that, in addition to building cooperation and information sharing post-Brexit, the agreement also ...
  • Crowdfunding: FCA confirms new rules for P2P platforms

    05/06/2019
    On 4th June 2019 the Financial Conduct Authority (the “FCA”) published final rules for peer-to-peer (or P2P) lending platforms. The new rules are the result of the FCA’s consultation that launched in July 2018, with the FCA stating that the new rules are designed to help better protect investors and ...
  • FCA and PRA fines highlight firms' accountability for failures of their outsourcing providers

    04/06/2019
    The importance the financial regulators place on effective oversight and management of outsourcing arrangements has been highlighted by both the PRA and the FCA in the fines they have imposed totalling £1,887,252 on R.Raphael & Sons plc (the “Bank”) for failing to manage its outsourcing arrangements properly. Effective management of ...
  • Brexit news for financial services firms – from 10 May 2019 to 24 May 2019

    29/05/2019
    1. PRA: Speech by Sam Woods: Stylish regulation Text of this speech, given on 16 May 2019 follows, in which Sam Woods considers the UK system of regulation post-Brexit, including comparing the UK and EU approaches to regulation. He sets out six principles for an effective regulation framework and suggests ...
  • Recommended response to FCA warning to firms operating in general insurance sector

    10/05/2019
    This article first appeared on Practical Law, and is published with the permission of the publishers. Overview On 10th April 2019, the FCA issued three publications concerning the general insurance (GI) sector, alongside a clear warning to firms operating in this sector. These publications comprise the FCA’s findings of its ...