RegionsRSS
Nuclear symbol

Controversial EU taxonomy could be hobbled by legal challenges

Despite EU agreement on its taxonomy for sustainable investment, it may not only prove to be ineffective in driving a green transition, but is potentially shrouded in legal uncertainty. 

Gold bars

Bankers’ gold rush may signal fears over looming financial crisis

There is anecdotal evidence that investment bankers in the UK are piling into physical bullion for their personal portfolios due to fears over counterparty risk in the financial system, severe inflation and political uncertainty.

Ben Blackett-Ord

Research suggests SM&CR has degenerated into a ‘paper tiger’

The introduction of the Senior Managers & Certification Regime (SMCR) back in 2016 struck fear into many bankers with its onerous requirements and penalties. However, recent research suggests that the conduct regime is almost toothless. 

FCA entrance

Firms brace for biggest overhaul in UK retail conduct rules in decades

The delayed consumer protection rules will have a very significant impact on firms serving the UK financial retail market by imposing increased accountability and compliance oversight obligations.

Nadhim Zahawi

UK finance bill more a power grab than a Big Bang

The UK’s long-awaited finance bill was supposed to unshackle the City of London from ‘unnecessary’ red tape, much of it inherited from the EU, but in the end it left the financial services sector underwhelmed and disappointed.

Sebastian Barling

Basel Committee seeks more consistency around bank climate actions

The Basel Committee’s paper on climate change might lack ambition by the standards of European initiatives, but it may nudge the rest of the world in the direction of sustainability, and thereby ensure a more level playing field globally.

Kareline Daguer

FCA consumer duty rules may force some UK banks to review business models

Some retail banks potentially face having to review their business and pricing models as they will have to ensure they deliver fair value to consumers following the FCA finalising its consumer duty rules on July 27.

BLM crypto

Crypto faces moment of reckoning

It turns out that crypto is not an independent parallel financial system after all and is closely tethered to the traditional financial system and its recent meltdown will see policy-makers double down on regulating the sector. By Justin Pugsley  

Manoj Mistry

Celsius blow-up highlights areas for improving crypto lending platforms

The volatile performance of cryptocurrencies has made significant headlines over the past year. This is hardly surprising given that bitcoin, easily the best-known crypto, has fallen by 70% in value since reaching its peak last November.

Mark Sobel

Policy-makers ponder tackling systemic debt vulnerabilities

Private sector debt ratcheted up during the Covid-19 pandemic. Now regulators want to figure out how this will hit countries facing a post-pandemic recession – and what policy-makers can do to ease the pain.