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- PRA and FCA Announce Their Decision Not to Apply CRD IV Bonus Cap to Smaller Firms
PRA and FCA Announce Their Decision Not to Apply CRD IV Bonus Cap to Smaller Firms
March 2, 2016, Covington Alert
August 8, 2018, Covington Alert
The UK Payment Systems Regulator (PSR) announced on 24 July 2018 its intention to carry out a market review into the supply of card-acquiring services.
September 21, 2017, Covington Alert
On September 14, 2017, the Financial Conduct Authority (FCA) confirmed that it was making a Market Investigation Reference (MIR) to the Competition and Markets Authority (CMA) in relation to services for investment consultancy and fiduciary management. This is the first time the FCA, which has significant numbers of competition lawyers within its ranks, has ...
August 21, 2017, Covington Alert
The Payment Strategy Forum (“PSF”) has published a public Consultation Paper (the “Consultation”) entitled “Blueprint for the Future of UK Payments.” The PSF observes that whilst payment systems in UK are some of the best in the world, they are no longer fit for purpose, given their age and complexity. The PSF has therefore developed a New Payments Architecture, ...