FSR and Corporate Crime Notes

FCA review of outsourcing by life insurers

FCA publishes information for firms on COVID-19

The FCA has published information for firms on COVID-19. Communication with the FCA will be key as the situation evolves, and we recommend that firms …

LIBOR transition: What does the US regulator’s proposed legislative fix mean for UK financial markets?

HKMA publishes supervisory expectations and sound practices relating to algo trading following thematic examinations

On 6 March 2020, the HKMA issued a circular setting out its expectations on risk management for algorithmic (algo) trading, as well as sound practices …

Budget commitment to implement Basel standards and updated investment firms prudential regime

The Chancellor of the Exchequer delivered the 2020 Budget to Parliament on 11 March 2020. This includes a package of related policy documents, many of …

Diversity in decision-making: PRA reminds firms of its rules

FCA highlights its areas of concern in financial services markets in Sector Views 2020

MiFID II/MiFIR Review

Two years after MiFID II and MiFIR started to apply, the MiFID review process has begun, with both the European Commission and the European Securities …

LIBOR transition: FCA sets out its expectations for asset managers

The FCA has set out its expectations for asset management firms in a recent ‘Dear CEO’ letter (the Letter), confirming that such firms should be taking …

The Bank of England’s attempts to “turbo-charge” LIBOR transition in the cash markets: will these increase or decrease the litigation risks?

UK and EU set out their stalls on equivalence and the future trade deal (or no deal…?)

On 26 February 2020, the UK Government published its approach to UK's future relationship with the EU. The sections on financial services in the UK's …

Corporate Crime update - Winter 2020