Region: United Kingdom

Community round-up: FRC’s former chair joins Carlyle; Shearman hires from Cadwalader in New York

15 June 2020

NatWest dodges Libor fixing suit after claim misses six-year deadline

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

Community round-up: New York DFS hires from UBS, BlackRock from PRA

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

FCA investigating cum-ex trades

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 and ING hire in London

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

HSBC shareholders resist dividend suspensions

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

“Purposeful” culture: the FCA approach and driving diversity

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

Global regulators announce coronavirus measures

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

A Global Regulatory Sandbox Network?

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

FCA appoints interim head

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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