FSR and Corporate Crime Notes

Corporate Crime update - Winter 2020

The month ahead in financial services regulatory developments…

No change to the FCA’s approach to enforcement and penalties

FCA’s Mark Steward cautions against fragmented markets and sends warning message to would-be abusers

ESMA publishes report on product intervention measures under MiFIR

The European Securities and Markets Authority (“ESMA”) has recently published final technical advice on the effects of product intervention measures …

Airbus and SFO enter into UK’s largest Deferred Prosecution Agreement

ISDA to re-consult on pre-cessation fallbacks: litigation risk for legacy LIBOR contracts

The month ahead in financial services regulatory developments…

SFO Internal Guidance on Evaluating a Compliance Programme

LIBOR transition: litigation risk observations on suite of documents published by the regulators in January 2020

FCA asks banks to explain new overdraft rates

The FCA has today written to the UK’s major retail banks, asking them to provide evidence of how they have arrived at their new overdraft interest rates, …

FCA publishes Dear CEO letters to asset managers and alternative investment firms