We are evolving our successful 40-minute briefings into webinars for financial services professionals. This includes senior management and those in legal, compliance and risk teams who have or are developing financial services expertise. The webinars will be led by senior members of our financial services team from legal, risk consulting and government affairs backgrounds and
Webinar on UK Directors’ duties for regulated firms (16 September 2020)
We invite you to join us along with members of KPMG’s restructuring group for an update on the impact of COVID-19 on directors’ duties in UK regulated firms. The webinar will take place on 16 September 2020 from 8:30am to 9:30am.
Topics will include:
- Companies Act and common law and equitable duties versus duties under
‘Messages from the Engine Room’ 5 Conduct Questions – Industry Feedback for 2019/20 Wholesale Banking Supervision
On 4 September 2020, the FCA issued its 2019/20 report covering engagement work for the 5 Conduct Questions Programme. Due to prioritising COVID-19 work, the FCA is publishing the report later than usual.
This latest report reflects the FCA’s widening engagement. It hosted conduct roundtable sessions with 18 wholesale banks, each represented by a group
SI delaying the deadline for solo-regulated firms to undertake their first assessment of the fitness and propriety of certified persons
On 2 September 2020, there was published on legislation.gov.uk The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020.
The statutory instrument amends the Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) Regulations 2019 (the 2019 Regulations) as follows:
Financial Services 40 minute briefing: Brexit: Where have we got to and what should you do now?
The recording from our recent financial services 40 minute briefing, Brexit: Where have we got to and what should you do now? is now available here.
Risk Consulting Hot Topic Series: Governance
Robust governance is the cornerstone of any well-run business. Global regulators will also always look at the strength of this area when they find problems or issues. Organisations therefore need to have a strong board who hold management to account and good governance practices that permeate throughout the business. Global accountability regimes only amplify the
COVID-19: FCA extends submission deadline for complaints returns
On 28 August 2020, the Financial Conduct Authority (FCA) published an update to its webpage focused on changes to regulatory reporting during the COVID-19 pandemic.
The FCA has permitted extensions to complaints data returns in relation to the 31 August 2020 deadline required by the Dispute Resolution: Complaints Sourcebook (DISP) rule
Working Group’s recommendations on conventions for referencing compounded in arrears SONIA
On 1 September 2020, the Working Group on Sterling Risk-Free Reference Rates published a statement outlining recommendations on conventions to support the use of Sterling Overnight Index Average (SONIA) in loan markets for Sterling Bilateral and Syndicated Facilities, including Multicurrency Syndicated Facilities where there is a sterling currency option.
The recommendations are intended
September 40 Minute Briefing: Brexit: Where have we got to and what should you do now?
Wednesday, 2 September 2020 | 8:45 – 10:00 BST
We are evolving our successful 40 minute briefings into webinars for financial services professionals. This includes senior management and those in legal, compliance and risk teams who have or are developing financial services expertise. The webinars will be led by senior members of our financial services
COVID-19: FCA consults on additional guidance for mortgage firms
On 26 August 2020, the Financial Conduct Authority (FCA) published a guidance consultation containing additional draft guidance for mortgage firms in light of the COVID-19 pandemic.
It sets out the FCA’s expectations in relation to the fair treatment of mortgage borrowers who are experiencing financial difficulty as a result of the pandemic. This