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2 months ago | 
herbertsmithfreehills.com | Susannah Cogman |Jenny Stainsby |Robert Hunt |Kate Meakin
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Jan 23, 2025 | 
herbertsmithfreehills.com | Jenny Stainsby |Hannah Cassidy |Cat Dankos
Our FSR colleagues have just published the global FSR Outlook 2025: Perpetual Motion. The chosen title for 2025 aptly reflects what the financial services community feels as they look at the continuously evolving geopolitical, technological and socio-economic landscape, and builds on last year's theme as the bedrock shows no signs of ceasing to shift. The Outlook discuss how firms can effectively adapt to, and plan for, the complexities of this ever-changing environment.
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Jan 23, 2025 | 
herbertsmithfreehills.com | Jenny Stainsby |Hannah Cassidy |Grant Murtagh |Cat Dankos
We are delighted to share our global FSR Outlook 2025: Perpetual Motion. Our title for 2025 reflects what the financial services community feels as we look at the evolving geopolitical, technological and socio-economic landscape. We discuss how firms can adapt to, and plan for, this ever-changing environment.
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Jan 23, 2025 | 
herbertsmithfreehills.com | Jenny Stainsby |Hannah Cassidy |Cat Dankos
Jenny Stainsby Global Head – Financial Services Regulatory, London Jenny Stainsby Hannah Cassidy Partner, Head of Financial Services Regulatory, Asia, Hong Kong Hannah Cassidy Cat Dankos Regulatory Consultant, London Cat Dankos
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Jan 23, 2025 | 
herbertsmithfreehills.com | Jenny Stainsby
A new report from Herbert Smith Freehills' global Financial Services Regulatory (FSR) team analyses the perpetually changing regulatory and operating environment facing the financial services industry in 2025. In a series of articles, 'Global FSR Outlook 2025: Perpetual Motion' examines the most pressing areas of focus for the industry this year.
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Nov 28, 2024 | 
herbertsmithfreehills.com | Jenny Stainsby |Hywel Jenkins |Chris Ninan |Jon Ford
IntroductionOn 28 November 2024, the UK Financial Conduct Authority (the "FCA") published Consultation Paper 24/2 Part 2 ("CP24/2 Part 2").1 This sets out revisions to the FCA's controversial proposals2 published earlier this year to name firms it is investigating at an early stage and before any findings of misconduct have been made (the "Transparency Proposal"). The deadline for responding to the revised proposals is 17 February 2025.
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May 7, 2024 | 
lexology.com | Jenny Stainsby
With speeches two days in a row on the subject of the risks associated with lending to private equity, those regulated by the PRA can be in no doubt that this issue is gaining more prominence on the Bank of England’s hot topic list. That greater scrutiny may in turn impact the availability of lending from PRA regulated firms to private equity, although comments made by the FCA’s CEO to the FT last week, caution against a rush to regulate. So what are the immediate takeaways from these speeches?
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Apr 30, 2024 | 
lexology.com | Jenny Stainsby |Hywel Jenkins |Chris Ninan |Jon Ford |Karen Anderson |Michael Tan | +4 more
The Financial Conduct Authority’s (FCA) extended consultation window closes today in respect of Consultation Paper 24/2: Our Enforcement Guide and publicising enforcement investigations – a new approach (CP24/2). We have previously posted a summary of the key areas covered by CP24/2, and an overview of our thoughts on whether the FCA’s proposals can achieve their objectives.
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Apr 2, 2024 | 
mondaq.com | Hywel Jenkins |Jenny Stainsby |Chris Ninan |Jon Ford
On 27 February 2024, the Financial Conduct Authority (FCA)
published CP24/2: Our Enforcement Guide and publicising
enforcement investigations – a new approach, which sets
out a proposal that would see the regulator publicly announce the
opening and progress of investigations, and other proposed changes
to simplify the FCA's Enforcement Guide (EG). A summary of the
key areas covered by CP24/2 can be found in our earlier post.
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Apr 1, 2024 | 
mondaq.com | Chris Bushell |Jenny Stainsby |Ceri Morgan
In a significant decision in the context of claims brought by
the victims of authorised push payment (APP)
frauds, the High Court has considered whether a sending and/or
receiving payment service provider (PSP) owes a
duty, directly to the victim of the fraud, to take reasonable steps
to retrieve or recover the sums paid out as result of the APP fraud
(i.e. a “retrieval duty”): CCP
Graduate School Ltd v National Westminster Bank plc &
Anor [2024] EWHC 581.
