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A&O Shearman

UK Proposes Design of the Future Entity for UK Open Banking

A&O Shearman on

On April 19, 2024, the U.K.'s Joint Regulatory Oversight Committee published proposals on the design of the future entity for UK Open Banking. The JROC is composed of the Financial Conduct Authority, the Payment Systems...more

Wilson Sonsini Goodrich & Rosati

JROC Publishes Report on Future of Open Banking in the UK

The UK is widely regarded as a global leader in Open Banking, and regulators and industry participants believe there is strong potential to build on that success. Regulatory efforts on that front are led by Joint Regulatory...more

Hogan Lovells

Global Payments Newsletter, April 2022

Hogan Lovells on

Key developments of interest over the last month include: HM Treasury announces package of crypto measures including next steps on UK regulatory approach to cryptoassets, stablecoins and DLT in financial markets; Philippines...more

BCLP

The Penrose Report – are we heading for a “new normal” in UK competition policy?

BCLP on

The Penrose Report to the UK Government recommending wholesale reform to the UK’s competition regime is a paean to the power of deregulation and increased competition to drive economic growth and beneficial consumer outcomes....more

Latham & Watkins LLP

HM Treasury Responds to the Call for Evidence on Regulatory Coordination

Latham & Watkins LLP on

Financial Services Regulatory Initiatives Forum and the Regulatory Initiatives Grid to be introduced this summer. On 11 March 2020, HM Treasury published its response to the Call for Evidence on Regulatory Coordination....more

K&L Gates LLP

FCA to Impose Remedies in Asset Management Sector including Further Investigation into Investment Consulting

K&L Gates LLP on

On 18 November 2016 the Financial Conduct Authority (“FCA”) published its highly anticipated interim report into competition in the asset management industry. The report finds that price competition is weak in a number of...more

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