Financial Services Bill – the new path ahead

Following Brexit, the Government pledged it would introduce various new laws under the umbrella of a new Financial Services Bill, as well as enhance some existing laws outside the necessary changes. The Queen’s Speech in October highlighted three key measures and the Government has now got underway. Emma Radmore sets out the progress so far.

Emma Radmore(legal director) is a member of Womble Bond Dickinson’s financial services team in London. Contact her onemma.radmore@wbd-uk.com.

Prudential standards – banks

Prudential standards for banks are largely driven by the Basel III framework, the implementation of which the United Kingdom is committed to, regardless of Brexit. However, many Basel measures (and other requirements) have in the past come into UK law directly or indirectly via European Union legislation.