• The PRA consults on its position regarding international bank authorisations

    International banks can operate in the United Kingdom (UK) either as subsidiaries or branches . Data from the Prudential Regulation Authority (PRA) currently shows that there are 160 branches of international banks operating in the UK, of which 77 are from European Economic Area (EEA) banks operating under passporting arrangements.

    January 25, 2018

  • ESMA and Brexit: a European super regulator in the making?

    The European Securities and Markets Authority (‘ESMA’) is undoubtedly an important European institution.

    November 02, 2017

  • Stay recognition requirements for third country law financial arrangements

    From June 1, 2016, certain UK financial institutions (defined below) and members of their global group will be restricted from entering into, or materially amending, ‘financial arrangements’ governed by the laws of a ‘third country’ (being a country that is not an EU Member State) unless their counterparties enable them to meet a new, UK-specific, “stay recognition requirement”.

    May 23, 2016

  • Anti-money laundering update

    In recent years the FCA has levied significant fines on banks for having weak anti-money laundering controls.

    October 30, 2015

  • 10 things you should know: The MiFID II / MiFIR RTS

    On 28 September 2015, the European Securities and Markets Authority (ESMA) published final drafts of 28 technical standards that it is mandated to produce under...

    October 06, 2015

  • Banking Reform Updater 11

    On 4 November 2014, the European Central Bank (ECB) assumed its supervisory role under the single supervisory mechanism (SSM).

    January 27, 2015

  • Banking Reform Updater 10

    On 4 November 2014, the European Central Bank (ECB) assumed its supervisory role under the single supervisory mechanism (SSM).

    December 09, 2014

  • Banking Reform Updater 8

    With seven months gone since the Financial Services (Banking Reform) Act 2013 (Act) came into force, this latest updater identifies the provisions of the Act that ha

    August 05, 2014

  • MiFID II / MiFIR : Investor protection

    With the publication of MiFID II and MiFIR in the Official Journal of the European Union the clock has now started ticking and firms that deal with retail clients...

    July 14, 2014

  • MiFID II / MiFIR: What it means for market infrastructure

    With the publication of MiFID II and MiFIR in the Official Journal of the European Union the clock has now started ticking and trading venues and market...

    July 14, 2014

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