The Bank of England's Monetary Policy Committee (MPC) has voted to increase the central bank interest rate for the first time since 2007.

If your company has been prosecuted in respect of a ‘strict liability offence’ for which there is no statutory or due diligence defence or if your company has been the subject of a prosecution for an insignificant breach which could have been dealt with by way of a caution or administrative fine, you may well consider the present system is unfair and oppressive.

The Government has moved very quickly to block with immediate effect a number of stamp duty land tax schemes, principally involving the use of partnerships, but has also taken the opportunity to introduce a wide ranging anti-avoidance measure which may have a significant effect on less aggressive or even wholly innocent property structures.

Currently, the agencies concerned are losing no time in revising relevant laws and regulations so as to get measures implemented ahead of [our] timeline.

A fine served on an online broker shows that financial firms should not rely solely on group-wide controls and surveillance systems to pick up on suspicious transactions, an expert has said.

The EU has published the draft text of a withdrawal agreement setting out the potential terms of the UK's departure from the EU, including a "fall-back" to avoid a hard border with Ireland...

Businesses and consumers lost £236 million last year through authorised push payment (APP) frauds, new data has shown.

The Law Commission in England has published a draft Insurable Interest Bill which it hopes will modernise insurable interest laws.

In the first edition of our regular update for the banking industry we look at topics including ECB concerns around the use of the cloud by fintech institutions, cyber incident reporting and regulatory co-operation post-Brexit.

The UK's financial markets must begin work "in earnest" to transition away from the use of the London Interbank Offered Rate (LIBOR) as a benchmark interest rate for use in financial transactions...

The majority of EU countries have failed to meet the deadline for implementing new laws designed to combat money laundering and the financing of terrorism, an EU commissioner has said.

A transitional period would run from 29 March 2019, the date of the UK's formal exit from the EU, until 31 December 2020, according to an updated draft withdrawal agreement ...

The UK construction industry is one of the country's largest and most important employers. It is worth £1.5 billion, provides a tenth of the UK's gross domestic product and employs 1.4 million people. Further, the industry is one of the strongest in the world, with output ranked in the global top ten according to the Department of Trade and Industry.

It may now be possible to recover VAT on advisers’ fees relating to share issues made in the last 3 years (or in the future) according to a recent Advocate General's opinion in a European Court of Justice VAT case.

An English court has ordered a wealthy Russian businessman to transfer ownership of a luxury yacht from one of his companies to his ex-wife, in order to satisfy part of their divorce settlement.

The UK Supreme Court's unanimous ruling that Barclays Bank did not owe a 'Quincecare' duty to two of its customers who fell victim to an authorised push payment (APP) fraud was widely expected, according to one legal expert.

In the latest edition of our regular update for the banking industry we look at topics including confirmation from the High Court stating legal privilege can apply to internal investigations on the right set of facts, ...

The Financial Conduct Authority (FCA) has set out its intention to take a more aggressive approach to enforcement, while developing closer links between its supervisory and enforcement functions.

LEGAL UPDATE: The High Court has ruled that a company established by a secondary debt trader to acquire and hold a lender's rights under a facility agreement as its nominee satisfied the criterion of being a "financial institution" under the transferability provisions in the facility agreement.