Digital Finance Newsletter July 2025 Welcome to the latest edition of our compliance newsletter. The eagle eyed among you will have noticed that we have had a change of name since the...
The FCA, The Bank of England, the PRA, and the PSR (“the regulators”) have an MoU in place which sets out the high-level framework for working and cooperating with one another in...
Managing conflicts of interest, is something no one (other than complete reprobates) objects to in principle. However, it is something that can be tricky to navigate in practice. For FCA regulated firms...
Payment Services Compliance Newsletter March 2025 Welcome to the latest edition of our compliance newsletter aimed at Payments firms, including EMIs, PIs, AISPs, PISPs and prospective applicant firms. This newsletter contains a...
Because firms, particularly those in the financial sector, face increasingly complex, interlinked and sophisticated challenges, effective risk management is a key element of good governance. Having a risk register and completing the...
“Reputation, reputation, reputation! O, I have lost my reputation!” William Shakespeare, Othello (Cassio, Act II, Scene iii) Firms with positive reputations increase customer acquisition and retention, as well as attract better employees. The market...
On 12th November 2024, The Financial Conduct Authority (‘FCA’), the Bank of England (the Bank) and Prudential Regulatory Authority (‘PRA’) (‘regulators’) published a joint Policy Statement (PS) 24/16 ‘Operational Resilience: Critical third...
The issue of gifts and hospitality has been in the news lately – albeit in the political arena, rather than that of financial services. However, it is an issue that seemingly never...
The FCA has issued its long anticipated consultation paper (CP) on changes to the safeguarding regime for payments and e-money firms CP24-20. “Game changer” is a bit of an overused phrase but,...
It is a vital element of good governance and risk management for a regulated firm to review its suite of policies and procedures and keep them up to date so that they...
Download Guide Compliant and effective safeguarding measures are a pre-requisite for being granted and retaining an authorisation for the provision of payment and e-money services. A portfolio Letter issued by the FCA in...
The late Sir Edward George, when Governor of the Bank of England, was fond of the phrase “a stitch in time saves nine”. By which he meant, of course, better to act...