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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
UK aims to conclude Brexit ‘equivalence assessments’ with EU within four months
By Neasa MacErlean
Online Published Date:
02 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Should MiFID II be thrown in a regulatory bonfire?
Debate is raging in the financial servicesindustry over the extent to which the United Kingdom should maintain equivalencewith European Union rules in future, so as to maintain market access to thebloc. Nick Bayley discusses thisissue with regard to MiFIR reporting.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
5MLD – the line-by-line analysis
The European Union’s Fifth Money Laundering Directive – which in part responded to terrorist attacks in Paris and Brussels as well as the Panama Papers leaks – took effect on 10 January 2020 for the strengthened Customer Due Diligence provisions. The Government is now finalising technical legislation to implement the Trust Registration Service aspects. Adam Samuel dissects how 5MLD upgrades the Fourth Directive.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Failure to prevent market abuse: a viable new corporate criminal offence?
The UK’s trailblazing ‘failure to prevent bribery’ offence ushered in a groundswell of corporate initiatives to stiffen up their anti-corruption regimes, and a similar offence has been introduced for tax evasion. But would it translate into an effective mechanism against market abuse? Neil Swift and Craig Hogg raise concerns.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
Who are you? Cutting-edge KYC
Many firms continue to experience unnecessary expense and errors, when the data and technology is available for faster, more accurate as well as lower-cost customer authentication and risk insight. Steve Elliot reports on how rich data sets can transform Know Your Customer processes in financial services.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
SEAR proposal puts heat on banks’ treatment of loyal customers
Financial services firms in the United Kingdom were first alerted that their savings customers were potentially being treated unfairly in October 2013. Yet, six years later, the regulator has found it necessary to intervene with a Single Easy Access Rate. What does this long-tolerated behaviour say about firms’ purported focus on customers’ interests? asks Denis O’Connor.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020
State of the markets
Financial markets in the United Kingdom are becoming cleaner, believes the regulator, as it boosts enforcement activity and conducts more sophisticated analysis of expanding data sets. However, defeating market abuse is an unending game of ‘cat and mouse’. David Rundle and Anna Gaudoin analyse a speech by Mark Steward.
Online Published Date:
06 March 2020
Appeared in issue:
Vol 32 No 6 - 01 March 2020