Continued scrutiny by authorities, enforcement actions and complex regulatory developments are at the forefront of the challenges facing all financial institutions businesses today.
January 12, 2018
Essential Pensions News covers the latest pensions developments each month
December 13, 2017
With effect from April 6, 2006, under the combined provisions of two sets of regulations, employers in multi-employer schemes and employers with occupational pension schemes, or personal pension schemes where direct payment arrangements exist, are required to consult active and prospective members before taking decisions to make certain changes to future pension provisions. Prospective members are, broadly, employees eligible to join. There is no requirement to consult deferred or pensioner members.
December 08, 2017
The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two-thirds of them outside London) and contributes a significant proportion of tax revenue to the UK. An important part of the industry is the banking sector, consisting of UK domestic banks and non-UK banks that have established themselves in the UK (many of which use the EU passport to conduct cross-border business).
November 29, 2017
In this latest banking reform updater, we discuss the international standard set by the Financial Stability Board (‘FSB’) regarding Total Loss Absorbing Capacity (‘TLAC’) and its European counterpart, the Minimum Requirement for Own Funds and Eligible Liabilities (‘MREL’) together with the European Banking Authority’s (‘EBA’) October 2017 opinion on the UK’s departure from the EU.
November 28, 2017
November 22, 2017
On 4 October 2017, the Prudential Regulation Authority (PRA) published two consultations that are particularly important to international banking groups, Consultation Paper 19/17: Groups policy and double leverage (CP19/17) and Consultation Paper 20/17: Changes to the PRA’s large exposures framework (CP20/17).
November 15, 2017
The European Securities and Markets Authority (‘ESMA’) is undoubtedly an important European institution.
November 02, 2017
Essential Pensions News covers the latest pensions developments each month.
October 23, 2017
This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regulation globally.
October 13, 2017
Try searching our global site instead