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/PRNewswire/ -- Charles Nerko, co-leader of the Cybersecurity Team and a partner in the Commercial Litigation and Financial Institutions & Lending Practice...

Key developments of interest over the last month include: Queen's Speech 2022 announces forthcoming Financial Services and Markets Bill; European Commission consultations and calls for...

ECB”) published a speech on bank’s role in greening the economy. The PRA published a discussion paper (DP1/21) that explores the options for developing a simpler prudential framework for non-systemic banks and building societies. The FCA published a summary of insights from its cyber co-ordination group meetings on current cyber risks and firms' practices for responding to them. The European Insurance and Occupational Pensions Authority (“ EIOPA”) published a discussion paper on blockchain and smart contracts in insurance. 28 April The FCA published a consultation paper (CP2...

To embed, copy and paste the code into your website or blog: The Financial Conduct Authority (FCA) has warned banks and other financial institutions of its determination to clamp down on market abuse arising from virtual working. Catherine Gibaud assesses the main conduct risks and the implications of the regulatory reckoning awaiting financial institutions. In 2020, at the height of the pandemic, we considered that regulatory reckoning would focus on three areas: market conduct risks, retail conduct risks and SME lending decisions in the context of government loan schemes. Several months on,...

To embed, copy and paste the code into your website or blog: Recent regulatory developments of interest to financial institutions with focus on consumer finance. Includes updates from the FCA and LSB.  Contents COVID-19: FCA updates mortgage guidance and reports on mortgage and consumer credit firms' implementation of tailored support guidance Claims management companies and high cost lenders: FCA statement Credit card market remedies: LSB summary report on thematic review Following a seasonal break, the next update will be published on 19 April 2021. COVID-19: FCA updates mortgage guidance ...