For further information, please visit the White & Case Coronavirus Resource Center. On 2 April, the Chancellor of the Exchequer announced a scheme aimed at providing support to the so-called "squeezed middle", which comprises...more
While the UK Government, for the most part, has been praised for taking quick, decisive action to limit the impact of the COVID 19 economic shock for consumers and some UK companies, the measures announced to date excluded a...more
The White & Case Capital Markets team updates its March 2018 publication on bond repurchases given the current environment where issuers may consider whether, if their bonds are trading at a discount to par, they should...more
3/30/2020
/ Bond Issuers ,
Bonds ,
Buyback Programs ,
Capital Markets ,
Coronavirus/COVID-19 ,
Creeping Tenders ,
Disclosure Requirements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Offerors ,
Repurchases ,
Rule 144A ,
Securities and Exchange Commission (SEC) ,
Threshold Requirements ,
Wellman Factors
In our client alert entitled "Government-backed initiatives to support businesses impacted by the Coronavirus" we gave an overview of various measures announced by the UK Government to help UK business through the economic...more
3/27/2020
/ Bank of England ,
Coronavirus/COVID-19 ,
Covid Commercial Financing Facility ( CCFF) ,
Financial Distress ,
HM Treasury ,
Loan Agreements ,
Loans ,
Promissory Notes ,
Relief Measures ,
State of Emergency ,
UK
In our client alert titled "Government-backed initiatives to support businesses impacted by the Coronavirus," we gave an overview of various measures announced by the UK Government to help UK business through the economic...more
The UK Government has been quick to respond to the economic shock and disruption caused by the outbreak of COVID-19 and, over the past week, the Chancellor of the Exchequer, HM Treasury and the Bank of England have announced...more
3/24/2020
/ Bank of England ,
Borrowers ,
Business Interruption ,
Coronavirus/COVID-19 ,
Corporate Issuers ,
EU ,
Financial Crisis ,
Government-Guaranteed Loans ,
HM Treasury ,
Industrial Sector ,
Relief Measures ,
State Aid ,
UK
Financial institutions M&A sector trends: specialty finance/marketplace lending — H2 2019 and outlook for 2020.
The UK Financial Conduct Authority's new P2P rules add to pressures faced by UK platforms.
Overview...more
Current rules fall short of providing a clear framework for a single European market for fintech companies.
The development of a single market for fintech has recently been placed at the center of the EU financial...more
1/2/2020
/ Anti-Money Laundering ,
Banking Sector ,
Consumer Protection Laws ,
Cross-Border Transactions ,
EU ,
EU Single Market ,
European Banking Authority (EBA) ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinTech ,
Member State ,
Passporting
How to stay ahead of the curve, minimize future costs of compliance and feed the growing demand from investors for responsible products and services -
Environmental, social and governance (ESG) investing is accelerating...more
12/23/2019
/ AMF ,
Benchmarks ,
Carbon Emissions ,
Climate Change ,
Environmental Social & Governance (ESG) ,
EU ,
EU Action Plans ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
Green Finance ,
Investment Funds ,
MiFID II ,
Paris Agreement ,
Pollution Control ,
Prudential Regulation Authority (PRA) ,
Sustainable Development Goals (SDGs) ,
Sustainable Finance ,
Taxonomy ,
UK ,
UK Insolvency Act ,
United Nations
On 18 July 2019 the European Banking Authority (EBA) published a report on the EU regulatory perimeter, national regulatory status and EU national regulators' (NCAs') authorisation approaches for FinTech firms conducting...more
7/25/2019
/ Banking Sector ,
Capital Requirements Directive IV (CRDIV) ,
Crowdfunding ,
Cryptoassets ,
Electronic Payment Transactions ,
EMD2 ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
FinTech ,
NCAs ,
Payment Services Directive ,
Popular ,
PSD2 ,
Regulatory Oversight
On 12 July 2019 the European Securities and Markets Authority (ESMA) reported on the status of FinTech firm licensing regimes across the EU, based on two ESMA surveys of EU national competent authorities (NCAs). ESMA's report...more
7/17/2019
/ Crowdfunding ,
Cryptoassets ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
FinTech ,
Initial Coin Offering (ICOs) ,
Innovation Hubs ,
Licensing Rules ,
MiFID II ,
NCAs ,
Outsourcing ,
Popular ,
Sandbox
New Principles for Business and conduct rules for payment services and connected activities will apply from 1 August. Affected firms will need to have in place a business-wide strategy for complying with the Principles for...more