Articles

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Open to ideas?

United Kingdom - May 2 2017 Innovation is usually the driver behind regulation, but with open banking, the disruption to the market is being urged forwards by regulators in an…

The FCA's Regulatory Sandbox

United Kingdom - March 23 2017 Designed to allow businesses to test financial services innovations in a live environment free from some regulatory consequences, the sandbox is an…

Caroline Bystrom, Christopher Ratcliffe, Jonathan Rogers

Fine and business restrictions for anti-money laundering failings

United Kingdom - October 27 2016 AML failings have led the FCA to ban a bank from accepting deposits from any new customers for 168 days and levy a £3,250,600 fine. The Financial…

Caroline Bystrom, Jonathan Rogers

Fine and prohibition for failings as MLRO

United Kingdom - October 27 2016 AML failings have led the FCA to prohibit a bank MLRO from performing compliance oversight and money laundering-related functions at regulated firms…

Caroline Bystrom, Jonathan Rogers

New Bank Start-up Unit

United Kingdom - January 22 2016 The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have set out joint information about the New Bank Start-up Unit. The…

Caroline Bystrom, Rodney Dukes, Christopher Ratcliffe, Jonathan Rogers