Speak up and other internal investigations are on the rise (see our article here) amid increasing scrutiny from the media, public, authorities and other stakeholders of how investigations are conducted. Indeed, in higher profile matters the way in which an investigation is conducted can receive as much attention as the underlying issues.
The recent
This is the second article in our series breaking down the steps that companies will need to take to put in place “reasonable procedures” to prevent fraud. Our first post, which focussed on how to conduct effective fraud risk assessments, can be found here.
This comes ahead of the new UK failure to
Authors: Liz Hastilow, Ray Giblett, James Morris, Rajaee Rouhani, Stephen Lee, Jeremy Moller, Charles Nugent-Young, Merren Taylor, Timothy Chan, Joshua Kan, Steven Li, Liam Mackay and Mia Blundell.
Regulatory activity in the financial services sector picked up between February and April 2024. Notably, ASIC made an opening statement before the public inquiry into insurers’ responses
In our latest podcast series, we look at transaction risk in the banking sector. Conversations with leading lawyers and experts to dive into the detail, highlighting the key issues you really need to know about.
In the first episode, Corporate Partner and Global Head of Banks, Alan Bainbridge and Financial Regulatory Partner, Matthew Gregory focus
On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a public consultation paper on their legislative proposal to regulate issuers of stablecoin.
The Hong Kong Government has decided that, in light of the important roles played by stablecoins in
On 3 January 2024, the European Commission (Commission) published for consultation a draft Delegated Regulation amending Delegated Regulation (EU) 272/2012 as regards harmonisation of certain aspects linked to fees charged by the European Securities and Markets Authority (ESMA) to credit rating agencies (CRAs).
Article 19(1) of Regulation 1060/2009 provides
On 15 December 2023, the European Parliament’s Economic and Monetary Affairs Committee published a draft report on the proposed Regulation on a framework for financial data access (FIDA).
The FIDA proposal seeks to enable consumers and firms to more efficiently control access to their financial data beyond payments thereby allowing them to benefit
On 15 December 2023, the European Commission adopted certain draft implementing and delegated acts relating to the UCITS Directive and the Alternative Investment Fund Managers Directive (AIFMD) as regards notifications for cross-border marketing and cross-border management of alternative investment funds (AIFs) and undertakings for collective investment in transferable securities (UCITS
On 18 December 2023, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a joint policy statement (PS) on margin requirements for non-centrally cleared derivatives: amendments to Binding Technical Standards (BTS) 2016/2251 (FCA PS23/19 and PRA PS18/23).
Under the onshored European Market Infrastructure Regulation (