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  • Article

    UK Government Grants Further Disciplinary Powers To UK Regulator

    The Order enters into force on March 7, 2016 (excluding Articles 2 and 3(4) of the Order which enter into force on March 7, 2017).
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Government Implements Provisions Of Undertakings For Collective Investment In Transferable Securities Directive V

    On February 25, 2016, HM Treasury published the Undertakings for Collective Investment in Transferable Securities Regulations 2016 together with an explanatory memorandum.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
Article

UK Government Makes Recommendations To The Financial Policy Committee

On July 8, 2015, George Osborne, Chancellor of the Exchequer, wrote to Mark Carney, Governor of the Bank of England, specifying the remit and recommendations for the FPC in the coming year.
United KingdomFinance and Banking
A&O Shearman
A&O Shearman
  • Article

    UK Legislation Implementing Regulatory Powers For HM Treasury On Financial Collateral Arrangements

    On May 23, 2016, an Order was published implementing provisions in the Banking Act 2009, providing powers to HM Treasury to make regulations about financial collateral arrangements
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Legislation To Ensure Continuity Of Functions For Firms In Resolution Comes Into Force

    On December 16, 2016, the UK Bank Recovery and Resolution Order 2016 came into force. The Order implements in part the BRRD which sets out the framework for the recovery...
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Payment Systems Regulator Will Not Introduce New Access And Governance Requirements For Card Payment Schemes

    On April 7, 2016, the UK Payment Systems Regulator announced that after consideration, it had decided that it would not be imposing any new access or governance requirements on card payment schemes.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Presumption Of Responsibility For Senior Managers Put On Hold

    On December 17, 2015, an amending Order was published which stops certain provisions of the Senior Manager & Certification Regime from coming into effect on March 7, 2016...
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Prudential Regulation Authority Consults On Further Rulebook Parts

    On August 14, 2015, the Prudential Regulation Authority published a consultation paper on proposals to transfer additional parts of the PRA rules that are in the FS Handbook into the stand-alone PRA Rulebook.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Prudential Regulation Authority Publishes Its Final Approach To Implementing The Systemic Risk Buffer

    On December 5, 2016, the Prudential Regulation Authority published a Statement of Policy setting out its approach to the implementation of the systemic risk buffer.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Prudential Regulation Authority Publishes Policy Statement On Ring Fencing Rules

    On May 27, 2015, the PRA published a policy statement on ring-fencing rules concerning legal structure, governance and continuity of services and facilities.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Prudential Regulator Fines Firm For Outsourcing Failures Impacting Its Capital Position

    The improper transfers impacted Raphaels' regulatory capital in that it had large exposures to one group company.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Prudential Regulator Publishes Information Pack On Ring-Fencing Reporting Requirements

    On October 31, 2018, the U.K. PRA published an information document entitled "Ring-fencing: Summary of regulatory reporting requirements."
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Bans Former Trader Following LIBOR Related Conviction In US

    On March 17, 2015, the Financial Conduct Authority issued a press release and final notice announcing that it has banned a former Rabobank trader, Paul Robson, from the UK financial services industry...
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Consults On Implementation Of Recent Changes To UCITS V Directive

    On September 3, 2015, the FCA issued a consultation paper on the implementation of the Undertaking for Collective Investment in Transferable Securities V Directive and other changes to the FCA Handbook that affect investment funds.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Finalizes Standards For Underwriting Buy-To-Let Mortgages

    On September 29, 2016, the Prudential Regulation Authority published a Policy Statement and Supervisory Statement setting out its final policy approach to underwriting standards for buy-to-let mortgage contracts.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Issues Consultation Paper On Risk-Based Levies For The Financial Services Compensation Scheme Deposit Class

    On March 4, 2016, the PRA published a consultation paper proposing amendments to the Depositor Protection Part of the PRA Rulebook and a new Statement of Policy in relation to the Financial Services Compensation Scheme...
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Proposes Standards For Underwriting Buy-To-Let Mortgages

    On March 29, 2016, the PRA published proposals on minimum standards for firms when underwriting buy-to-let contracts.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Provides Feedback On Recovery Plans

    On May 19, 2016, the FCA published initial feedback on the recovery plans submitted by investment firms regulated by it.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Publishes Final Rules On New Senior Managers And Certification Regime

    On March 23, 2015, the Prudential Regulation Authority published its policy statement and first set of final rules on strengthening individual accountability in banking and insurance.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Article

    UK Regulator Publishes Guidance On Risks Posed To Consumers By Inappropriate Performance Management Practices

    On March 16, 2015, the FCA published its guidance consultation on risks to customers from performance management at firms.
    United KingdomFinance and Banking
    A&O Shearman
    A&O Shearman
  • Showing 941–960 of 7457 results

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