Related insights: Financial Institutions
The Edinburgh Reforms: six months on
23 Jun 2023
It's now just over six months since the Chancellor announced a package of measures to take forward the Government's picture of an "open, sustainable and technologically advanced" financial services sector, and which would build on the reforms proposed in the Financial Services and Markets Bill (FSM Bill). So where are we now? We have a Bill that isn't yet law, and many discussion and consultation papers waiting on responses and/or for regulators to have the powers they need to deliver the planned changes. Emma Radmore of Womble Bond Dickinson looks at what's happened since the reforms were announced.
Listen to Quincecare case overview in latest Authorised Push Payment Fraud podcast series
19 Jun 2023
Episode three of the Authorised Push Payment Fraud podcast series focuses on Stanford International Bank vs HSBC, where the Courts ruled that there was no basis for a Quincecare claim.
Authorised Push Payment Fraud podcast explores Quincecare duty and the banks' liability
24 May 2023
In episode 2 of Womble Bond Dickinson's Authorised Push Payment Fraud podcast series, we dive into some recent court judgments where both the Quincecare duty, as well as the banks' liability under this duty, are being put in the limelight.
Crypto-regulation in the UK: what next?
04 May 2023
After years of anticipation, the Financial Services and Markets Bill (when it finally achieves Royal Assent), underpinned by the regulatory priorities announced by the Government as part of the Edinburgh Reforms, will finally create the detail for how the UK will regulate those who issue, trade and distribute crypto-assets.
Womble Bond Dickinson advises Triodos Bank UK on landmark multi-million pound conservation-focused loan facility to Oxygen Conservation
26 Apr 2023
International law firm Womble Bond Dickinson (WBD) has advised Triodos Bank UK on a landmark multi-million pound loan facility to Oxygen Conservation, in what is believed to be the largest conservation-focused commercial debt package in the UK to date.
How the FTX debacle triggered a wave of crypto fraud
05 Apr 2023
Fraudsters are treating the implosion of the crypto exchange and the declining value of several popular cryptocurrencies as a chance to target a whole new set of potential victims.
New podcast explores Authorised Push Payment Fraud
21 Mar 2023
Law firm Womble Bond Dickinson's new podcast series looks at Authorised Push Payment Fraud, also known as APP fraud.
Raconteur (The Times) Fraud & Financial Crime report 2023
03 Mar 2023
Economic downturns have a habit of becoming a breeding ground for fraud. And with social media, cryptocurrencies and non-financial sectors such as property, fine art and jewellery also proving hotspots for financial crime, there are plenty of dangers to watch out for. Will regulators be able to keep up in this constantly evolving landscape?
Buy-Now-Pay-Later regulation
14 Feb 2023
Treasury has published the long-awaited consultation on draft legislation to bring those who offer Buy-Now-Pay-Later and similar products within the scope of financial regulation. It has published both draft legislation and a consultation paper which explains why it has taken certain policy decisions on what to include and what to leave outside the regulatory perimeter.
Womble Bond Dickinson advises HSBC on multimillion-pound funding package to Gregory Distribution
08 Feb 2023
International law firm Womble Bond Dickinson (WBD) has advised longstanding client HSBC UK Bank plc on a multimillion-pound package of funding to Gregory Distribution, one of the UK's largest logistics and distribution businesses. The funds will be used to support the group's growth plans and increase working capital.
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