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regulation

Regulatory intervention: what next for the CFD industry?

An article discussing the concerns raised over the risks posed to retail investors from the provision of speculative products such as CFDs. It has been widely publicised, that the regulators are considering intervention, including possible measures such as leverage limits, guaranteed limits on client losses or restrictions on the marketing and distribution of these products.

Charities: are you ready for GDPR?

Widely dubbed as the “biggest shake up of data protection laws for 20 years”, the General Data Protection Regulation (GDPR) will apply from 25 May 2018 for any organisation that holds or processes any EU personal data – charities included!  

Charities: are you ready for GDPR?

Widely dubbed as the “biggest shake up of data protection laws for 20 years”, the General Data Protection Regulation (GDPR) will apply from 25 May 2018 for any organisation that holds or processes any EU personal data – charities included!  

London’s offshore financial services future

As a financial centre, London has long had an ‘offshore’ feel about it. Post-Brexit, those offshore characteristics are likely to strengthen, with implications for the UK’s regulation, taxes and infrastructure.  

PRA press ahead with COREP skilled persons reviews

Last year firms were sent a Dear CEO letter on the PRA’s intention to review the accuracy of COREP returns. We now know now that the regulator is currently pressing ahead with a wave of S166 reviews targeted at many of the foreign owned banks.

Are you up to date with GDPR?

Personal data is defined as ‘any information relating to a person who can be identified directly or indirectly ‘.  Personal data has been a topic of discussion over the last few years and no matter what industry you work in; you will almost certainly have come across how data is fiercely changing the face of the world, at a rapid rate!  

Are you up to date with GDPR?

Personal data is defined as ‘any information relating to a person who can be identified directly or indirectly ‘.  Personal data has been a topic of discussion over the last few years and no matter what industry you work in; you will almost certainly have come across how data is fiercely changing the face of the world, at a rapid rate!  

The future of regulation in the shadow of Brexit

With the Prime Minister Theresa May indicating that there is insufficient time to replace European bodies with a new British regulatory regime, the implications of Brexit look to have limited short term impact on Financial Services regulation. However, beyond March 2019, what would a hard or soft Brexit look like in terms of future regulation?

The art of delegation: delegated authorities in the insurance sector

The regulators generally look at insurers and brokers who outsource via delegated authority with greater scrutiny, mainly because of the increased risk of weak oversight and control by the principal over the performance of products and delivery of services outsourced in this way. It is therefore crucial to have the right systems and controls in place, together with clear allocation of responsibilities.