Authorised push payment (APP) fraud in the UK is the largest type of payment fraud, both in number of scams and value of losses. It involves a fraudster convincing someone to send a payment to a bank account that the...more
4/4/2024
/ Banking Sector ,
Banks ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Payment Processors ,
Payment Systems ,
Reimbursements ,
Reporting Requirements ,
UK
In this alert we consider various reforms and proposals to the banking sector announced by UK regulators.
On 11 January 2024, HM Treasury published a consultation paper on enhancing the UK’s Special Resolution Regime for...more
On 12 December 2023, the UK Prudential Regulation Authority (PRA) published the first of two near-final policy statements on the implementation of revisions to the Basel 3 standards, known in the U.K. as Basel 3.1. This...more
1/18/2024
/ Banking Sector ,
Banks ,
Basel III ,
Capital Markets ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Pillar 2 ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
UK
The Bank of England (BoE) has announced that Silicon Valley Bank UK Limited (SVB UK) will be sold to HSBC UK Bank Plc (HSBC). This is being carried out under the aegis of the Special Resolution Regime (SRR) — a bespoke...more