NatWest has avoided an £8 million Libor-related consequential loss claim after an English judge ruled it had overshot its limitation period by a fortnight.
29 May 2020
New York’s Department for Financial Services has hired a new general counsel from UBS Americas, while a board member of the UK’s Prudential Regulation Authority has departed for asset management firm BlackRock.
01 May 2020
The UK Financial Conduct Authority is investigating 14 financial institutions in connection with an alleged tax fraud that is estimated to have cost European countries over €50 billion.
01 May 2020
Linklaters has hired a London partner from JP Morgan, while Dutch bank ING has named a new head of compliance for the UK and Middle East.
27 April 2020
A group of Hong Kong shareholders is mulling legal action against HSBC for acquiescing to the Bank of England's request that it forgo shareholder dividends.
07 April 2020
The UK’s Financial Conduct Authority recently called on firms to develop a “purposeful” culture. But what does “purpose” mean for financial institutions?
27 March 2020
Regulators across the world are easing capital restrictions in response to the COVID-19 pandemic – with the Bank of England warning UK banks not to use freed-up cash for bumping up bonuses and dividends.
13 March 2020
Regulatory sandboxes have been a feature of the regulatory landscape since 2016, when the UK FCA introduced them as a means of allowing firms to test innovative propositions in the market, with real consumers. Now regulators are looking at a global network.
06 March 2020
The UK’s Financial Conduct Authority has named a new interim chief executive following Andrew Bailey’s departure to become governor of the Bank of England.
31 January 2020
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