With ESG becoming more top of mind, and litigation and regulatory enforcements on the rise, is it any wonder that bank heads of litigation and legal counsel are finding it difficult to sleep at night?
Latest articles from Financial Regulation
New EU Directive could lead to a profusion of class actions
April 12, 2023What early action can financial services firms take to avoid litigation?
The Quincecare duty: 35 years on, the debate has only just begun
February 3, 2023The anti-fraud duty has gained recent prominence as upcoming legal challenges threaten to increase banks’ responsibilities in the context of increasingly sophisticated fraud.
Five key takeaways from the FCA’s AML crackdown in 2023
January 27, 2023With AML compliance at the top of the FCA’s enforcement agenda for this year, we highlight important focus points for banks and other regulated firms operating in the UK.
Is the UK gambling on a return to casino capitalism?
January 12, 2023It is tempting to dismiss the UK government’s plans to scrap banker bonus caps, reintroduce a competitiveness mandate for regulators and to potentially dilute conduct rules to turbo charge the City of London’s growth as a return to casino capitalism. The reality is somewhat more nuanced.
Stressed gilt market conditions shine spotlight on UK DB pensions
January 11, 2023The gilt market spiral in September, which created a material risk to UK financial stability, has brought defined benefit pension schemes under greater regulatory scrutiny.
Crypto asset risks and how to manage them
November 11, 2022The spectacular fall in the value of crypto assets over the past year and November's collapse of crypto exchange FTX has highlighted the pitfalls of investing in this market. Michael Imeson explores how the risks are being managed by different players in the crypto ecosystem.
Regulatory hammer looms over bank private messaging
October 28, 2022Regulator activity in the US and UK concerning communications suggests banks should act quickly to avoid paying a “heavy price”.
US regulators weigh up regional bank buffer rules
October 6, 2022Rapid regional bank growth is leading some players into “too big to fail” territory, guiding regulators to consider new debt requirements.
What to look out for in the FCA’s improved representatives regime
September 16, 2022The UK’s financial watchdog is introducing new rules to its appointed representatives regime amid consumer-harm concerns.