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Banks with 40 per cent overdraft rates ordered to explain
By Neasa MacErlean
Online Published Date:
03 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
Credit card firms reminded of obligations ahead of ‘persistent debt’ campaign
By Neasa MacErlean
Online Published Date:
03 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
A year in compliance
So long, 2019. Adam Samuel reflects on themes of the past year in the financial services compliance space, as well as ongoing issues for the incipient decade.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
Cryptoassets: a complex regulatory challenge
Digital currencies and other cryptoassets present both potential benefits and enormous risks to financial systems and consumers. Regulators are under pressure to act fast. How will these issues be resolved? reports Neasa MacErlean.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
The early days of SMCR
How much of a change does the SMCR bring to solo-regulated firms? How have they performed thus far against the new challenges? And what needs to be done this year? Adam Jamieson and Daren Kemp consider these and other practical questions.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
Treating Customers Unfairly – the tracker funds with ‘enhanced’ fees
A change in management policy for two investment funds, which allowed retail customers to be over-charged for almost five years, has led to costly enforcement action against Henderson Investment Funds. Lessons should be learned from this failure of systems and controls in relation to the management, oversight and governance of such funds, reports Denis O’Connor.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
Draft Supervisory Statement de-fogs outsourcing rules
New regulatory proposals on outsourcing aim to enhance safety and resilience within financial services firms as well as foster more widespread adoption of cloud-based technologies. The Prudential Regulation Authority’s consultation provides welcome clarifications to the existing European guidelines, say Rachael Preston and Lucy Hadrill.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
A legal remedy for ‘push payment’ fraud victims?
Ina significant recent judgment, the Supreme Court has put it beyond doubt thatUK banks owe a duty of care to customers not to process payments where there arereasonable suspicions about their propriety. Chris Robinson exploreswhat this means for the increasingly common phenomenon of push payment fraud.
Online Published Date:
05 February 2020
Appeared in issue:
Vol 32 No 5 - 18 December 2019
PRA takes its first enforcement action against individuals in a credit union
By Neasa MacErlean
Online Published Date:
18 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Banks warned about text alerts, as Nationwide makes refunds
By Neasa MacErlean
Online Published Date:
18 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Car loan business has FCA fine slashed despite ‘serious’ failings
By Neasa MacErlean
Online Published Date:
18 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Car finance broker’s online adverts banned
The Financial Conduct Authority has banned a number of online advertisements posted by Rix Motor Company Ltd, because information that is required under its rules was missing or unclear.The adverts on Rix’s Instagram account and three of its..
Online Published Date:
19 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
LIBOR transition must involve board members of asset management firms
By Neasa MacErlean
Online Published Date:
27 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Leading banks call for APP fraud code to be extended by law
By Neasa MacErlean
Online Published Date:
27 February 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020