Follow

Financial Services - Regulatory and Risk Blog

Articles: 1-10 of 164

FCA Review of AML failings at challenger banks

United Kingdom - May 27 2022 Throughout 2021, the FCA conducted a detailed review into the financial crime controls of challenger banks as they continued to enter the UK financial…

FCA consults on British Steel redress scheme

United Kingdom - December 22 2021 The FCA intends to open consultation on an industry wide redress scheme covering British Steel Pension transfers. This is perhaps the only option left…

FCA looks to tighten up appointed representative regime

United Kingdom - December 8 2021 On Friday the FCA published a consultation paper on potential changes to the existing appointed representative (AR) regime…

Pure Legal interest only mortgage claim struck out

United Kingdom - November 5 2021 A claim brought by Pure Legal, who entered administration this week, has been struck out on limitation grounds in a further blow to claims for the…

FCA set to expand climate-related reporting rules

United Kingdom - May 17 2021 The FCA has revealed it will consult on plans to require asset managers, life insurers and FCA-regulated pension schemes to meet climate-related…

Pure Legal interest only mortgage claim - judgment in favour of the mortgage broker on limitation grounds as judge finds the damage was patent not latent

United Kingdom - May 13 2021 The first judgment following trial in a Pure Legal interest only mortgage claim has now been handed down, with the judge dismissing the claim on the…

When is a complaint a complaint under DISP?

United Kingdom - April 21 2021 A Court of Appeal judgment has recently addressed what constitutes a complaint for the purposes of DISP [Clive Davis v Lloyds Bank [2021] EWCA Civ…

Additions to FCA DB Transfer Guidance Published

United Kingdom - April 6 2021 The FCA has published yet more guidance regarding defined benefit pension transfers…

Adams v Carey - where does the Court of Appeal's decision leave the SIPP market?

United Kingdom - April 1 2021 The Court of Appeal has today dismissed Mr Adams' appeal against Carey in respect of COBS 2.1.1R. However, the appeal in relation to s.27 FSMA has…

FCA publishes finalised guidance for firms on the fair treatment of vulnerable customers

United Kingdom - March 22 2021 In February 2021, the FCA published guidance on the fair treatment of vulnerable customers with the aim of improving their customer experience…