Financial Services Authority, EU

Has the FCA started as it means to go on?

by Neil Gerrard, Miriam Gonzalez | Dechert LLP on 5/18/2013

Has the Financial Conduct Authority (“FCA”) in the UK started as it means to go on? The FCA recently fined a UK subsidiary of a private Swiss Bank for failing to establish and maintain effective anti-money laundering controls...more

FCA Urges Firms to Update Status Disclosures to Reflect Creation of the FCA and PRA

by Orrick - Structured Finance Group on 5/9/2013

On May 1, the FCA published a press release stating that it expects firms to review their regulatory status disclosures as a priority and ensure that they are up to date and accurate following the creation of the FCA and PRA...more

New UK Financial Regulation Architecture Takes Effect

by William Yonge | Morgan Lewis on 4/8/2013

The Financial Conduct Authority and the Prudential Regulation Authority begin work as the two new regulators in the wake of the long-heralded abolition of the Financial Services Authority....more

European Securities and Markets Authority Guidelines on Sound Remuneration Policies under the AIFMD

by Jason Butwick, Ed Holmes | Dechert LLP on 4/4/2013

More than seven months after publishing its consultation paper, the European Securities and Markets Authority (ESMA) recently published final guidelines (Guidelines) on sound remuneration policies under the Alternative...more

Orrick's Financial Industry Week In Review - April 2, 2013

by Orrick, Herrington & Sutcliffe LLP on 4/2/2013

In This Issue: *Financial Industry Developments - CFTC No-Action Relief for Commodity Trader Advisor Registration - CFTC Regulations on Associated Persons of Swap Dealers and Major Swap Participants -...more

UK Regulators Propose Implementing Rules and Regulations on AIFMD

by Proskauer Rose LLP on 3/29/2013

On 19 March 2013, the UK Financial Services Authority (FSA) published Part II (CP2) of its three-part consultation series on Implementation of the Alternative Investment Fund Managers Directive (AIFMD). The consultation...more

Implications of the UK 2013 Budget for Investment Funds

by Orrick - Structured Finance Group on 3/29/2013

The 2013 budget, delivered by the U.K.’s Chancellor of the Exchequer, George Osborne on March 20, incorporated a number of provisions affecting investment funds, which are included in a UK investment management...more

The UK’s New Financial Services Act – a Guide to the Main Changes

by Carmen Reynolds, Stuart Willey | White & Case LLP on 3/28/2013

The UK’s Financial Services Act 2012 (the Act) will come into force on 1 April 2013. On implementation, the Act will amend many of the UK’s existing financial services legislative measures and give effect to several of the...more

Orrick's Financial Industry Week in Review - March 25, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/25/2013

In This Issue: *Financial Industry Developments - Agencies Issue Updated Leveraged Lending Guidance - CFTC No-Action Relief from Required Clearing for Some Partial Swap Novations and Terminations - FHFA...more

Corporate and Financial Weekly Digest - March 22, 2013

by Katten Muchin Rosenman LLP on 3/25/2013

In this issue: - NASDAQ Proposes Internal Audit Function Requirement for Listed Issuers - FINRA’s Frequently Asked Questions on Electronic Blue Sheet Submissions Updated Regarding Order Execution Time -...more

The FSA and ESMA Get Technical on Prospectuses

by Jeremy C. Jennings-Mares, Lewis Gavin Lee | Morrison & Foerster LLP on 3/21/2013

The Prospectus Directive (the “PD”) and the Prospectus Directive Regulation (the “PD Regulation”) were recently amended, in each case with effect from 1 July 2012. These new rules introduced a number of significant changes...more

UK Financial Services Authority Releases AIFMD Regulatory Survey

by William Yonge | Morgan Lewis on 3/18/2013

UK-based alternative investment fund managers should complete the survey, which responds to industry pressure regarding the time line for AIFMD authorisation applications, before the 28 March deadline....more

Some UK Banks Need More Capital

by Felix Shipkevich | Shipkevich PLLC on 3/14/2013

Andrew Bailey, Head of the UK Prudential Regulation Authority, told Parliament’s Treasury Select Committee that some banks need more capital. Reuters reports that some of Britian’s largest banks need more cpaital, but the...more

U.K. FSA Fines Banks For Slow Response To Payment Protection Insurance Customer Complaints

by BuckleySandler LLP on 2/28/2013

On February 19, the U.K.’s Financial Services Authority announced a fine against three related banks for failing to promptly redress customers lodging complaints about the banks’ payment protection insurance (PPI) product. ...more

FSA Updates Guide to the New PRA and FCA Handbooks

by Tim Aron, Edward Black | Katten Muchin Rosenman LLP on 2/27/2013

On February 19, the UK Financial Services Authority (FSA) published an updated “one-minute guide” summarizing the changes to the FSA Handbook that will come into effect when the FSA’s two successor regulatory bodies, the...more

Corporate and Financial Weekly Digest - February 22, 2013

by Katten Muchin Rosenman LLP on 2/25/2013

In this issue: - International Regulators Publish “Near-Final” Draft of Uncleared Swap Margin Rules - CFTC and IOSCO to Host Roundtable on IOSCO Financial Benchmarks Report - SDNY Favors the SEC in Foreign...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 22, 2013

by BuckleySandler LLP on 2/24/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - PAYMENTS - SECURITIES - Excerpt from Mortgages:...more

FDIC Proposes to Nix Insurance for Dually Payable Deposits—With an Upside and a Nod to International Cooperation

by Charles M. Horn, Jeremy C. Jennings-Mares, Barbara R. Mendelson | Morrison & Foerster LLP on 2/22/2013

On February 12, the Federal Deposit Insurance Corporation (“FDIC”) proposed for public comment a rule that would exclude from federal deposit insurance coverage those deposits made at insured U.S. banks that are payable at a...more

CFTCs Gary Gensler Continues Crusade For Libor Reform

by Felix Shipkevich | Shipkevich PLLC on 2/21/2013

U.S. Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has stated that the Libor interest rate is not yet free of fraud. Gensler said to the BBC in London that the rate was often “completely made up.” Many...more

FSA Fines UBS £9.45 Million for Failings in AIG Fund Sales

by Orrick - Structured Finance Group on 2/21/2013

On February 12, the FSA published a final notice issued to UBS AG, setting out a fine of £9.45 million in respect of failings identified in its sale of the AIG Enhanced Variable Rate Fund (the Fund). Having reviewed sales of...more

Orrick's Financial Industry Week In Review - February 19, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/19/2013

In This Issue: - Financial Industry Developments •CFPB Implementation Plan for Mortgage Rules •FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks •CFPB Bulletin on Servicers'...more

UK's FSA consults on future use of temporary product intervention rules - Baker & McKenzie

by Sam Appleton, Bill Fuggle, Astrid Raetze | Baker & McKenzie Australia on 2/19/2013

The UK's Financial Services Authority (FSA) is consulting on when and how its successor body, the Financial Conduct Authority (FCA), may make temporary product intervention rules, as part of its new approach to regulating...more

RBS Fined £87.5 Million over LIBOR Rates

by Orrick - Structured Finance Group on 2/12/2013

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

RBS Fined £87.5 Million over LIBOR Rates

by Orrick - Structured Finance Group on 2/12/2013

On February 6, the FSA issued a final notice to RBS imposing a fine of £87.5 million for misconduct in submitting rates for the calculation of LIBOR....more

FSA Allows CME To Clear Interest Rate Swaps In London

by Elan Mendel | Shipkevich PLLC on 2/11/2013

The FSA will allow the CME to clear interest rate swaps, the worldï¿½s largest asset class traded by notional value OTC, reports Financial Times....more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Financial Services Authority › European Union

Has the FCA started as it means to go on?

FCA Urges Firms to Update Status Disclosures to Reflect Creation of the FCA and PRA

New UK Financial Regulation Architecture Takes Effect

European Securities and Markets Authority Guidelines on Sound Remuneration Policies under the AIFMD

Orrick's Financial Industry Week In Review - April 2, 2013

UK Regulators Propose Implementing Rules and Regulations on AIFMD

Implications of the UK 2013 Budget for Investment Funds

The UK’s New Financial Services Act – a Guide to the Main Changes

Orrick's Financial Industry Week in Review - March 25, 2013

Corporate and Financial Weekly Digest - March 22, 2013

The FSA and ESMA Get Technical on Prospectuses

UK Financial Services Authority Releases AIFMD Regulatory Survey

Some UK Banks Need More Capital

U.K. FSA Fines Banks For Slow Response To Payment Protection Insurance Customer Complaints

FSA Updates Guide to the New PRA and FCA Handbooks

Corporate and Financial Weekly Digest - February 22, 2013

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 22, 2013

FDIC Proposes to Nix Insurance for Dually Payable Deposits—With an Upside and a Nod to International Cooperation

CFTCs Gary Gensler Continues Crusade For Libor Reform

FSA Fines UBS £9.45 Million for Failings in AIG Fund Sales

Orrick's Financial Industry Week In Review - February 19, 2013

UK's FSA consults on future use of temporary product intervention rules - Baker & McKenzie

RBS Fined £87.5 Million over LIBOR Rates

RBS Fined £87.5 Million over LIBOR Rates

FSA Allows CME To Clear Interest Rate Swaps In London

Expand Your Reach