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15 Results

Rhys Corbett
Insights
Aug 03, 2023

FCA’s Cash Savings Market Review

On 31 July 2023, following roundtable discussions held with banks earlier that month, the FCA published its Cash Savings Market Review (the “Review”) in which it set out: its findings on the extent…
Insights
Jul 06, 2023

Upper Tribunal clarifies limits on FCA’s powers to impose single firm redress schemes

On 21 June 2023, the Upper Tribunal handed down its judgment in BlueCrest Capital Management (UK) LLP v The Financial Conduct Authority [2023] UKUT 00140 (TCC). The case considers both the Upper…
BankBCLP
Nov 10, 2022

Banking Bites – November 10 2022

Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market. This edition covers: Future regulatory…
BankBCLP
Oct 21, 2022

Banking Bites – October 21 2022

Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market. This edition covers: US FDIC Chair focuses…
Insights
Sep 23, 2022

What will the disputes landscape look like for firms subject to the Consumer Duty?

On 27 July 2022, the FCA published its policy statement, PS22/9, setting out its final rules for its new Consumer Duty (“Duty”), together with accompanying non-Handbook guidance. The Duty aims to set…
BankBCLP
Sep 21, 2022

Banking Bites – September 21 2022

Welcome to Banking Bites! This is our short summary flagging key developments in the UK that we hope will inform your activities in your market. This edition covers: UK’s Financial Conduct Authority…
Insights
Jan 26, 2022

The High Court’s decision in Crossley & Ors v Volkswagen Aktiengesellschaft & Ors – a new direction for the law on implied fraudulent misrepresentations?

In recent years, claimants in a number of banking litigation cases have sought to establish implied fraudulent misrepresentations as to the defendant banks’ alleged involvement in manipulating LIBOR,…
Insights
Aug 19, 2021

FCA proposals to cut out RDC involvement in significant supervisory cases will lead to undesirable outcomes for the regulator and the regulated

At the end of July 2021, the FCA published a consultation paper, CP21/25, setting out proposals to reduce the decision-making remit of its quasi-independent Regulatory Decisions Committee (“RDC”) and…
Insights
Jul 21, 2021

COVID-19 and travel insurance: The FCA updates its expectations of general insurance firms

The FCA, on 19 July 2021, updated its webpage setting out its expectations of general insurance firms in the light of COVID-19 to clarify its expectations about travel insurance. Although the FCA had…
Insights
Jul 16, 2021

The FCA’s new “game plan” – What do banks need to know about the FCA Business Plan for 2021/22?

Yesterday the FCA published its eagerly-awaited Business Plan for 2021/22 (the “Plan”), its publication having been delayed from April due to the pandemic and it being Nikhil Rathi’s first business…
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