Consultations

Potential reform of corporate criminal liability for economic crime

On 13 January 2017 the Ministry of Justice ("MoJ") published a call for evidence ("CfE") regarding potential reform of the law concerning corporate criminal liability in respect of economic crime. This publication is the latest development concerning a potential new … Continue reading

Leave a Comment

Filed under Bribery and Corruption, Consultations, Corporate Crime

UK launches Financial Advice Market Review

On 3 August, the UK Government launched what it described as a major new review to examine how financial advice could work better for consumers.  The review will consider: the “advice gap” for those who do not have significant wealth; the regulatory or … Continue reading

Leave a Comment

Filed under Banking, Consultations, FCA, HM Treasury, Insurance, Regulatory Reform, UK

UK: FCA and HM Treasury publish approach to UK implementation of MIFID II

The FCA and HM Treasury have published the first set of papers on the UK implementation of MiFID II: FCA discussion paper “Developing our approach to implementing MiFID II conduct of business and organisational requirements” (DP15/3); and HM Treasury consultation … Continue reading

Leave a Comment

Filed under Banking, Consultations, EU, Europe, European Regulation, FCA, HM Treasury, UK

UK: reviewing the fairness, transparency, speed and efficiency of enforcement decision-making processes at the FCA and the PRA

The Chancellor has launched a review of the fairness, transparency, speed and efficiency of the enforcement decision-making at the financial services regulators, as part of the government’s focus on strengthening accountability in the financial services industry.  A call for evidence to … Continue reading

Leave a Comment

Filed under Banking, Consultations, FCA, HM Treasury, Insurance, Investment banking, Investment Funds, PRA, Regulatory Reform, UK, UK Government, UK Parliamentary Committees

Sanctioning directors of failed banks

On 3 July, HM Treasury published for consultation its proposals on “Sanctions for the directors of failed banks“, requesting responses by 30 September 2012.  The consultation paper seeks comments on whether the Financial Services Bill should introduce a “rebuttable presumption” that … Continue reading

1 Comment

Filed under Consultations, FCA, FSA, HM Treasury, Indonesia, JURISDICTIONS, PRA, Regulatory Reform, UAE, UK