i-law.com - Newsletter (Compliance Monitor)

: Banks with 40 per cent overdraft rates ordered to explain; Online Published Date : 03 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; By Neasa MacErlean

: Credit card firms reminded of obligations ahead of ‘persistent debt’ campaign; Online Published Date : 03 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; By Neasa MacErlean

: A year in compliance; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; Solong, 2019. Adam Samuel reflects on themes of the past year in thefinancial services compliance space, as well as ongoing issues for theincipient decade.

: Cryptoassets: a complex regulatory challenge; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; 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.

: The early days of SMCR; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; 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.

: Treating Customers Unfairly – the tracker funds with ‘enhanced’ fees; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; 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.

: Draft Supervisory Statement de-fogs outsourcing rules; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; New regulatory proposals on outsourcing aim to enhance safety andresilience within financial services firms as well as foster more widespreadadoption of cloud-based technologies. The Prudential Regulation Authority’sconsultation provides welcome clarifications to the existing European guidelines,say Rachael Preston and Lucy Hadrill.

: A legal remedy for ‘push payment’ fraud victims?; Online Published Date : 05 February 2020 | Appeared in issue: Vol 32 No 5 - 18 December 2019; 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.

: PRA takes its first enforcement action against individuals in a credit union; Online Published Date : 18 February 2020 | Appeared in issue: Vol 32 No 6 - 18 February 2020; By Neasa MacErlean

: Banks warned about text alerts, as Nationwide makes refunds; Online Published Date : 18 February 2020 | Appeared in issue: Vol 32 No 6 - 18 February 2020; By Neasa MacErlean

: Car loan business has FCA fine slashed despite ‘serious’ failings; Online Published Date : 18 February 2020 | Appeared in issue: Vol 32 No 6 - 18 February 2020; By Neasa MacErlean

: Car finance broker’s online adverts banned; Online Published Date : 19 February 2020 | Appeared in issue: Vol 32 No 6 - 18 February 2020; 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..