The Financial Conduct Authority expects the Consumer Duty to lead to a major shift in financial services. Wholesale firms will need to ensure they are ready to implement the changes required to comply.
Western Europe
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Cum-Ex-related extradition: a sign of things to come?
October 17, 2022A UK trader is facing extradition to Denmark to stand trial over the share-selling tax scandal Cum-Ex, but this cannot be viewed as an isolated case.
Switzerland’s unique approach to ESG regulation
October 14, 2022The alpine country has chosen a clever approach that simultaneously accommodates both domestic and foreign regulations.
Boom and gloom? Predictions for European M&A in 2023
October 13, 2022The M&A outlook in Europe is strong despite difficult macroeconomic conditions, and ESG scrutiny is set to be an increasingly key factor.
Incubator focuses on minority-owned start-ups
October 5, 2022A new group of start-ups, fintechs included, have been selected for the Libra 2.0 programme, but rumours that the next UK government grant could go to a high street bank are troubling its participants.
José Manuel Campa: Crypto-asset regulation – managing the transition from paper to practice
September 30, 2022The chair of the European Banking Authority discusses how industry participants and supervisors can prepare for enhanced regulatory obligations of crypto assets.
Navigating the regulatory web of Russia sanctions
September 29, 2022The US, EU and UK have imposed an increasingly complex regime of sanctions on Russia as the war in Ukraine has evolved.
UAE sends positive signals in matching UK enforcement
September 29, 2022The United Arab Emirates is consolidating its standing on the international stage as it leans towards reciprocity of enforcing judgements from the UK.
Are Europe’s banks ready for recession?
September 28, 2022Initially this crisis will be positive for banks’ earnings, and leaders will take rapid and bold steps in their attempts to outperform the competition. The time to act is now.
UK credit card borrowing a potential minefield for regulated firms
September 23, 2022Inflation and the rocketing cost of living are putting a strain on spending, creating issues for consumers and firms alike.