The European Commission published a proposal for a regulation on combating late payment in commercial transactions last year which will introduce new rules, including that payments have to be made within 30 days, albeit with...more
The FCA published a statement on 11 March 2024 setting out that it will not object to requests from Recognised Investment Exchanges (RIEs) to list cryptoasset-backed Exchange Traded Notes (cETNs). The products would be...more
The European Central Bank (ECB) published its latest Supervision Newsletter on 21 February 2024 which highlighted, amongst other updates, that the number of outsourcing contracts for ECB supervised banks has increased...more
On 8 December 2023, the Financial Conduct Authority (FCA) and HM Treasury (HMT) published a joint discussion paper to examine the regulatory boundary between financial advice and guidance. The Advice Guidance Boundary Review...more
The eagerly awaited seventh edition of the Financial Services Regulatory Initiatives Grid was published on 30 November 2023 by the Financial Services Regulatory Initiatives Forum. The Regulatory Initiatives Grid sets out the...more
The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, presented HM Treasury’s Autumn Statement for growth on 22 November 2023. We summarise below the key proposals relating to financial services regulation....more
On 26 October 2023, the Bank of England (BoE) (including the Prudential Regulation Authority (PRA)), and the Financial Conduct Authority (FCA) (collectively ‘the regulators’) published a feedback statement summarising the...more
As we reach the midway point of 2023, the Hogan Lovells Sustainable Finance and Investment practice thought it would be useful to provide a review of recent key ESG developments from March-June 2023 to assist with navigating...more
7/10/2023
/ Banking Sector ,
Banks ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
HM Treasury ,
International Capital Markets Association (ICMA) ,
Popular ,
Sustainability ,
Sustainability-Linked Loans (SLLs) ,
UK
On 22 May 2023, the FCA published a consultation paper (CP23/12) on the second phase of expanding the Dormant Assets Scheme. The Dormant Assets Scheme was initially set up to allow banks and building societies to pay dormant...more
The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more