The UK financial services regulators speak loudly and often about their forward-looking approach to supervision, which – rather than looking back – seeks to focus on future risks to firms and consumers. Yet, you only have to...more
On 17 March 2020, the UK Financial Conduct Authority (FCA) released information for regulated firms setting out its expectations of their responses to the COVID-19 pandemic.
In broad terms, the FCA recognises that COVID-19...more
Non-financial misconduct and the UK Senior Managers and Certification Regimen -
The old adage goes that, “What happens in Vegas, stays in Vegas.” But, does this really hold true in the UK financial services sector?...more
5/21/2019
/ #MeToo ,
Duty to Disclose ,
Employment Tribunals ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Non-Disclosure Agreement ,
Personal Liability ,
Regulatory Standards ,
Risk Management ,
Senior Management Regime (SMR) ,
Settlement ,
Sexual Harassment ,
UK
In a paper published last month,[i] the UK’s Financial Conduct Authority (“FCA”) set out various cybersecurity insights gleaned from the work of cyber coordination groups (“CCGs”) the regulator established in 2017. The...more
4/4/2019
/ Bank of England ,
Banking Sector ,
Corporate Governance ,
Cyber Threats ,
Cybersecurity ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Investment Management ,
Popular ,
Prudential Regulation Authority (PRA) ,
UK
The UK is due to leave the European Union on March 29, 2019 (“Brexit”). Within the EEA, “passport rights” permit financial services institutions and funds authorised in any EEA Member State to conduct business cross border...more
2/26/2019
/ EU ,
EU Passport ,
European Economic Area (EEA) ,
Financial Services and Markets Act ,
Financial Services Industry ,
Payment Services Directive ,
PSD2 ,
Temporary Permissions Regime (TPR) ,
UCITS ,
UK ,
UK Brexit