by Emma Cleveland | 2015-02-04 | Industry News
Financial market infrastructures often contract out a number of their operations, such as IT and telecommunications, to third-party service providers. Their reliance on these third-party service providers makes the contracted services critical for the smooth...
by Emma Cleveland | 2015-02-02 | Industry News
On 13 January 2015 the FCA issued an update regarding the actions the FCA and HM Treasury will be taking for the implementation of MiFID II. Three main workstreams were discussed: FCA MiFID II implementation challenges: The main challenged identified by the regulator...
by Emma Cleveland | 2015-02-02 | Industry News
The Financial Stability Board (“FSB”) has recently published the following documents that were delivered to G20 leaders attending the Brisbane Summit (the G20 Leaders’ Summit is the principal forum for international economic cooperation and decision-making. As...
by Emma Cleveland | 2015-01-28 | Industry News
The Financial Stability Board (“FSB”) has recently published its Standards and Processes for Global Securities Financing Data Collection and Aggregation report. The proposed standards are based on the policy recommendations in the FSB report Policy Framework for...
by Emma Cleveland | 2014-12-10 | Industry News
The FCA have issued a report on their findings of a review of conflicts of interest arising from wealth management and private banking firms’ use of in-house investment products (“IHPs”) in retail discretionary and advisory investment portfolios. The regulator’s...
by Emma Cleveland | 2014-12-09 | Our Thinking
In its TR 13/14 thematic review, the FCA discussed the implications of payment for order flow on best execution and the integrity of the financial markets. The regulator took a clear stance against payment for order flow and declared its active pursuit against the...
by Emma Cleveland | 2014-12-02 | Industry News
On 27 November 2014 the FCA issued their regulatory fees and levies policy proposals for 2015/16 (CP14/26 Regulatory fees and levies: policy proposals for 2015/16). In the paper they have set out the proposed policy changes to the regulator’s fee and levy regimes. The...
by Emma Cleveland | 2014-11-27 | Our Thinking
Following the MiFID II conference on 18 September 2014, the FCA have expressed their pursuit towards more lit and transparent trading venues. MiFID II will set new caps on dark trading and will aim to achieve a balance between allowing for the maintenance of...
by Emma Cleveland | 2014-11-19 | Our Thinking
The distinction between Negligence and Gross Negligence in English contract law has been an issue in many commercial contracts for over a century. In order to reduce the confusion surrounding such matters we have written a brief of the leading case law on the matter...
by Emma Cleveland | 2014-11-18 | Our Thinking
The fiduciary relationship between a lawyer and their client is at the core of the English legal system. Regardless of its paramount importance to the proper functioning of the legal services industry, a degree of confusion remains around the particular duties owed by...
