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Financial Services - Regulatory & Risk

Blog

CMC fees: money for nothing?

03 March 2016

Do regulated Claims Management Companies charge too much in fees for consumers making financial services claims? The Ministry of Justice wants your views.

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Blog

FCA may not be value for money, says NAO

01 March 2016

The National Audit Office has reported its findings on the roles and effectiveness of the FCA, FOS and the FSCS in the management of mis-selling cases.

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Blog

A liability perspective: what would Brexit mean for financial advisers?

Published on 26 February 2016. By Simon Laird, Global Head of Insurance

You cannot pick up a paper or check the news without seeing some reference to Brexit and the case for either staying in or leaving the Euro zone.

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Blog

Adviser due diligence thematic review report short and not to the point

Published on 19 February 2016. By Robbie Constance, Partner

There's an irony in a report on due diligence being, in effect, just 2 pages long. The FCA's thematic review report today tells us more by what it doesn't say. What might DD stand for?

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Blog

Hill marches up and down again - MiFID II delayed

Published on 16 February 2016. By Drew Naylor, Senior Associate

Last week, it was confirmed that MiFID II will be delayed for another year.

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Blog

The FCA and Upper Tribunal

15 February 2016

The FCA's 'further decision notice' on Mr Tariq Carrimjee (senior partner and CEO of Somerset Asset Management) revealed that, the regulator has taken on board the Tribunal's view that banning Mr Carrimjee from all regulated activity would be 'irrational and disproportionate', and it has instead decided to prohibit him from performing compliance oversight (CF10) and money laundering reporting functions (CF11).

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Blog

Standstills, FOS and time limits

Published on 08 February 2016. By Rachael Healey, Legal Director

FOS applies its own time limits when considering complaints.

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Blog

Grandfathering grumbles - PRA and FCA highlight failings in S(I)MR

03 February 2016

In the past few days both the PRA and FCA have reminded banks and insurers of the 8 February deadline for the submission of grandfathering notifications for individuals to perform roles under the Senior Managers Regime and the Senior Insurance Managers Regime.

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Blog

FCA – feeling the political heat?

Published on 02 February 2016. By Matthew Watson, Associate

The FCA escaped a vote of "no confidence" during last night's debate in the House of Commons, despite facing a barrage of scathing remarks from MPs.

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Blog

FCA announces consultation on role of GCs in regulated firms

29 January 2016

We are so accustomed to dissembling by politicians and others in public life that it is heartening to see individuals or institutions that are prepared to acknowledge responsibility for their mistakes.

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