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Financial Regulatory Agencies Financial Conduct Authority (FCA) Banking Sector

A&O Shearman

UK Financial Conduct Authority Publishes Update on Cash Savings Market

A&O Shearman on

Since publication of the review, the FCA has seen improvements in both the rates available to savers and the volume and timing of firms' communications to savings customers. However, despite these improvements, the review of...more

A&O Shearman

UK Financial Conduct Authority Review of Implementation of Price and Value Outcome Under Consumer Duty

A&O Shearman on

The Financial Conduct Authority has published its findings from the first year of the implementation of the price and value outcome under the Consumer Duty. The specific focus of the price and value outcome rules is to ensure...more

A&O Shearman

UK Financial Services and Markets Act 2023

A&O Shearman on

Following rigorous debate in Parliament, the U.K.'s latest Financial Services and Markets Act (FSM Act) received royal assent on June 29, 2023. The FSM Act significantly changes the U.K.'s regulatory framework for financial...more

Akin Gump Strauss Hauer & Feld LLP

The UK regulator awakens from its COVID-19 slumber – A review of FCA enforcement in 2022 and a look ahead to 2023

In September 2021, following the London Capital & Finance ‘mini-bonds’ scandal, the Treasury Select Committee of the UK House of Commons asked for a more “proactive” Financial Conduct Authority (FCA) that is “decisive” in its...more

A&O Shearman

UK Financial Conduct Authority Publishes Final Rules and Guidance for New Consumer Duty

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The U.K. Financial Conduct Authority has published its final rules and guidance for the new Consumer Duty, which is intended to establish clearer standards for consumer protection across the financial services industry. The...more

Wilson Sonsini Goodrich & Rosati

UK Financial Services Consumer Regulation Reset: The “Consumer Duty”

The UK Financial Conduct Authority (the FCA) is introducing sweeping new regulatory obligations for financial services firms that serve UK retail customers, referred to as the "consumer duty" (the Duty). The Duty represents a...more

A&O Shearman

UK Financial Conduct Authority Announces New Approach to Speed Up Issuing Statutory Notices

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The U.K. Financial Conduct Authority has published a policy statement setting out its new approach to issuing statutory notices, which will take effect from November 26, 2021. The FCA publishes statutory notices when...more

A&O Shearman

UK Conduct Regulator Calls for Changes to Regulatory Perimeter

A&O Shearman on

The U.K. Financial Conduct Authority has published its annual Perimeter Report. The report discusses the FCA's existing remit and highlights areas where potential consumer harm could be mitigated if the regulatory perimeter...more

Hogan Lovells

Banking and finance regulatory news, July 2021 #2

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Internal ratings based UK mortgage risk weights: PRA PS16/21 - Following its consultation in CP14/20, the Prudential Regulation Authority (PRA) has published a policy statement, PS16/21, on new expectations on internal...more

Hogan Lovells

Financial institutions general regulatory news, July 2020

Hogan Lovells on

Recent regulatory developments of interest to all financial institutions. Includes COVID-19 and Brexit-related updates, and more. ...more

White & Case LLP

Financial Regulatory Observer - December 2019: Digitalization: Regulating the future of finance

White & Case LLP on

As technology reshapes the banking industry, regulators are rising to the challenge. Digitalization is at the forefront of the challenges facing the banking industry as it undergoes a period of unprecedented upheaval....more

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