Payment Fraud: PSP’s Obligations
In accordance with recent UK Finance statistics, in 2019 banks and card companies prevented £1.8 billion in unauthorised payment fraud and between…
Banking
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New Regulatory Regime for Virtual Assets
A new framework for regulating virtual asset businesses was introduced in the Cayman Islands on 20 May 2020. The Cayman Islands Government enacted…
Taxation of Covid-19 Support Payments
Broadly, the coronavirus support grants that have been made will have replaced the revenues of businesses and individuals, and therefore those grants…
DB Transfers – the FCA’s views on good and bad practice
Continuing our blog series, one of the documents produced by the FCA on Friday was a guidance consultation document intended to meet requests from the…
Resilience and recovery – a will to survive
As financial institutions continue to respond to the challenges posed by COVID-19, the Financial Conduct Authority (FCA) has set out its expectations…
COVID-19: How the financial regulators are responding
The UK financial services regulators (the Financial Conduct Authority (FCA), the Payment Systems Regulator (PSR), the Bank of England (BoE) and the…
Governance News 25 March 2020
Force global banks to suspend bonuses and payouts? Former Chair of the US FDIC argues that taking this step could help prevent the need for future…
COVID-19 and Financial Distress: Duties and key considerations applicable to all directors
Businesses are currently facing unprecedented challenges. DAC Beachcroft is advising the NHS on covid-19 issues, as well as many corporate clients on…
FCA and FRC Guidance on COVID-19 Implications for Listed Companies and Company Audits
On 17 March 2020, the Financial Conduct Authority published a special Covid-19 edition of the Primary Market Bulletin (PMB). PMBs are the means by…
Financial Regulation Weekly Bulletin
IT failures in the financial services sector – Treasury Committee publishes government…