Regulation Tomorrow Podcast

In the latest episode of our Decisions Decoded series, we discuss the key points from the Final Notice issued against Floris Huisamen, former director of London Capital & Finance plc (LCF), with the remit for Risk and Compliance. In terms of background to this decision, at the relevant time LCF’s business involved the raising of finance through the issuance of minibonds, which was then loaned to third-party corporate entities. The minibonds were sold predominantly to retail investors. LCF entered administration in January 2019. The firm had, however, already issued over 16,700 bonds, totalling over £237m. The effect of LCF’s collapse on investors was significant. In October 2023, LCF was publicly censured for its unfair and misleading financial promotions of the minibonds. In connection with this, Mr Huisamen has now been fined £31,800 and prohibited from performing any function in relation to any regulated activities.

In this episode, we focus on M&A and specifically on correspondent banking arrangements.

In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Michael Born from our Frankfurt office discuss recent German regulatory developments including the Financial Market Digitisation Act, the Credit Secondary Market Promotion Act, the Financial Crime Control Act and recent BaFin activity on ESG.

In this latest Regulation Tomorrow Plus podcast we consider the FCA’s recent intervention in the motor finance sector including the action that firms will need to take.

Rebecca Dulieu and Lizzie Cox discuss drafting high-quality Suspicious Activity Reports (SARs) under the Proceeds of Crime Act 2002. They cover types of SARs, reporting obligations for regulated entities, guidelines for submitting SARs, and supplemental SAR submission guidance, providing practical tips for MLROs and in-house teams.

Hannah Meakin and Matthew Gregory share insights on UK regulatory developments, including the new retail disclosure regime, advice boundary guidance review, ESG, and FCA policy statement on motor finance complaints. They discuss challenges in bridging the advice gap, compliance with anti-green washing rule, temporary changes to mode of finance complaints handling rules, and divergence between UK and EU financial regulations.

In this episode, we focus on M&A and specifically on the No Creditor Worse Off (or NCWO) principle in the context of Bank M&A in a resolution scenario.

In this latest episode of our EMEA regulatory insights series colleagues from Australia, Hong Kong, and Singapore provide their thoughts and insights on what 2024 holds from a financial services regulatory perspective.

In this latest episode of our EMEA regulatory insights series colleagues from Dubai provide their thoughts and insights on what 2024 holds for the UAE from a financial services regulatory perspective.

In this latest episode of our EMEA regulatory insights series colleagues from Brussels, Netherlands, Germany, France and Luxembourg provide their thoughts and insights on what 2024 holds from a financial services regulatory perspective.