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FSR and Corporate Crime notes Blog

Articles: 1-10 of 410

US Sanctions and the right of borrowers to withhold repayment: Commercial Court signals return to orthodoxy

United Kingdom - November 23 2020 The Commercial Court has granted summary judgment in favour of a bank seeking to recover payments under Credit Agreements entered into with the…

“Keep it Strong and Simple”: PRA speech on proposals for new post-Brexit prudential regime

European Union, United Kingdom - November 20 2020 On 12 November, Sam Woods (CEO of the PRA) used his Mansion House speech (the Speech) to discuss the merits of introducing a new “strong and simple”…

Bank of England speech: fintech during the Covid-19 crisis and beyond

USA - October 30 2020 On 25 October, the Bank of England’s Fintech Director, Tom Mutton, set out the Bank’s approach to fintech during the Covid crisis and beyond in a…

UK Post-Brexit Reform: HM Treasury consults on the Future Regulatory Framework for EU Exit

European Union, United Kingdom - October 26 2020 HM Treasury (“HMT”) has published a consultation launching the second phase of the Future Regulatory Framework (FRF) Review (the “Review”). The…

Public consultation on the review of the AIFMD is published

European Union, United Kingdom - October 26 2020 To some of us it feels like just yesterday that the asset management industry was grappling with the legislative powers in the EU to make sense of…

UK Post-Brexit reform: Financial Services Bill introduced

European Union, United Kingdom - October 22 2020 On 21 October, the Financial Services Bill (FSB) was introduced to Parliament. Forming part of the Government’s wider Future Regulatory Framework…

How the ICO proposes to regulate and enforce data protection legislation

United Kingdom - October 20 2020 The Information Commissioner’s Office in the UK (the “ICO”) last week published, for consultation, draft statutory guidance setting out how it will…

OFSI releases its third Annual Review for 2019-2020

European Union, United Kingdom - October 16 2020 On 9 October 2020, HM Treasury’s Office of Financial Sanctions Implementation (OFSI) published its latest Annual Review for the 2019-20 financial…

UK Supreme Court to decide on SFO’s extraterritorial powers

United Kingdom - October 14 2020 Two years have passed since the High Court decision in R (On The Application Of KBR Inc) v The Director of the Serious Fraud Office [2018] EWHC 2368…

ESMA consults on transaction reporting and OTFs

European Union, United Kingdom - October 1 2020 ESMA recently announced consultations on MiFIR transaction reporting and reference data and the functioning of organised trading facilities (OTFs)…