Seirian Thomas

Oct 30, 2024 | lexology.com | Nikki Worden |Paul Anning |Seirian Thomas |Paul Harris

Updates on authorised push payment fraudPSR confirms £85,000 maximum reimbursement limit for APP fraudOn 25 September 2024, the Payment Systems Regulator (PSR) published a press release confirming its decision on the maximum reimbursement limit for victims of Faster Payments authorised push payment (APP) fraud, setting the new maximum limit at £85,000.

Oct 18, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

The search is on for market solutions, from property-linked finance to consumer credit reformThe potential of green finance is clear, but the growth of the sector is hampered by a range of practical and regulatory challenges. What solutions are the industry leaning towards, and what measures might the government take to boost green finance? Property-linked financeThis would involve making the finance "sticky" to the property which benefits from the upgrade, known as property-linked financing.

Oct 3, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

Robust consumer protections for unsecured lending can pose problems, while mortgages are far from a perfect solutionGreen finance faces a range of challenges arising from the existing consumer credit regulatory framework in the UK. Personal nature of loansAgreements for credit are between lender and borrower, creating a tension when financing green home improvements, where the property benefits directly.

Sep 30, 2024 | lexology.com | Ben Player |Nikki Worden |Charlotte Harris |Mirshad Ahani |Seirian Thomas

What is green finance, why is it needed and what are the challenges? There is no single definition of green finance in the UK. Instead, it describes financing which relates to, or benefits, the environment in some way. Typically, it is used in broadly two ways. Firstly, it can refer to financing that pays for goods or services that improve environmental outcomes. For example, financing an electric vehicle or solar panels on a house.

Sep 25, 2024 | lexology.com | Nikki Worden |Paul Anning |Paul Harris |Seirian Thomas

FCA outlines good and poor practices in cryptoasset financial promotion | PSR response to consultation on expanding variable recurring payments | Consultation on reducing maximum reimbursement level for APP fraudFCA outlines good and poor practices in cryptoasset financial promotionOn 7 August 2024, the Financial Conduct Authority (FCA) published a document setting out the findings of its assessment of firms' compliance with financial promotion rules for qualifying cryptoassets.