News & Analysis as of

Insolvency Prudential Regulation Authority (PRA)

Morrison & Foerster LLP

Bank of England Facilitates HSBC Acquisition of SVB UK

On 13 March 2023, the Bank of England (BoE), in consultation with the Prudential Regulation Authority (PRA), HM Treasury (HMT), and the Financial Conduct Authority (FCA), made the decision to sell Silicon Valley Bank UK...more

Hogan Lovells

Securities and markets regulatory news, July 2021

Hogan Lovells on

Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 The Markets in Financial Instruments (Capital Markets) (Amendment) Regulations 2021 (SI 2021/774) have been published, together with an...more

Morgan Lewis

UK Government Proposes Amendments to Arrangements for Insolvent Insurers

Morgan Lewis on

On 20 May 2021, the UK government published a consultation paper in which it set out its proposals to revise the current regime for insolvent insurers (excluding Lloyd’s underwriters). The proposals seek to clarify and...more

Hogan Lovells

Insurance regulatory news, May 2021 # 2

Hogan Lovells on

Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 - The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (SI 2021/594) have been published, together with an...more

Latham & Watkins LLP

PF Newsletter: LMA Updates - Quarter One 2016

Latham & Watkins LLP on

Legal & Regulatory - BRRD: FCA publishes modification by consent for Article 55 rules - Article 55 of the EU Bank Recovery and Resolution Directive 2014/59 (BRRD) requires European Economic Area (EEA) firms and...more

Morrison & Foerster LLP

Suspension of Contractual Rights of Counterparties to UK Banks

On 26 May 2015, the Prudential Regulation Authority (“PRA”) of the UK issued a consultation paper entitled “Contractual stays in financial contracts governed by third-country law”, proposing a new restriction that would apply...more

Orrick - Finance 20/20

PRA Issues Clarification on Implementation of the Solvency II Directive

Orrick - Finance 20/20 on

On August 29, the UK PRA issued an update on the implementation of the Solvency II Directive (2009/138/EC), which is planned for January 1, 2016. The current PRA Update focuses on: - the relationship between the risk...more

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