-
Oct 22, 2024 | 
lexology.com | Anna Burchner |Tom Callaby |Jessica Ng
On 15 October 2024, the UK Government published the Individual Savings Account (Amendment) (No 2) Regulations 2024 (“the Regulations”), which will make certain targeted amendments to the Individual Savings Account Regulations 1998, SI 1998/1870. This follows a short technical consultation that ran from 2 to 16 August 2024.
-
Oct 15, 2024 | 
cms.law | Anna Burchner |Tom Callaby
22/10/2024On 15 October 2024, the UK Government published the Individual Savings Account (Amendment) (No 2) Regulations 2024 (“the Regulations”), which will make certain targeted amendments to the Individual Savings Account Regulations 1998, SI 1998/1870. This follows... Read more
-
Jul 18, 2024 | 
cms.law | Tom Callaby |Sarah Brook
18/07/2024During our recent panel event on Artificial Intelligence (“AI”) in Financial Services, the panel explored how firms are implementing AI in practice, the application of legal, regulatory and ethical frameworks to AI, and potential challenges for firms and regulators... Read more
-
Jul 17, 2024 | 
lexology.com | Tom Callaby |Sarah Brook
During our recent panel event on Artificial Intelligence (“AI”) in Financial Services, the panel explored how firms are implementing AI in practice, the application of legal, regulatory and ethical frameworks to AI, and potential challenges for firms and regulators. An audience of legal, compliance and business professionals from across the sector made interesting contributions to the debate.
-
Jul 15, 2024 | 
cms.law | Tom Callaby |Sarah Brook
15/07/2024During our recent panel event on Artificial Intelligence (“AI”) in Financial Services, the panel explored how firms are implementing AI in practice, the application of legal, regulatory and ethical frameworks to AI, and potential challenges for firms and regulators... Read more
-
May 17, 2024 | 
cms.law | José Ocaña |Christopher Luck |Tom Callaby |Markus Kaulartz
This Back to Basics note follows our key concepts briefings, which intend to provide high-level insights regarding funds fundamentals, funds vehicles and operational considerations, available here. Digital innovation is advancing and evolving at a fast pace for investment funds with artificial intelligence (AI) being a particularly high-profile topic. Managers and investors are increasingly looking ahead to how technology can be applied to their activities and operations.
-
Dec 21, 2023 | 
thebanker.com | Tom Callaby
A proactive and positive regulatory strategy is more important than ever for UK banks and financial services firms. Since the 2007–09 global financial crisis, the pace of regulatory change for UK-based firms in the financial sector has been relentless, and 2023 was no exception. It continues to be a challenge just for firms to keep on top of the latest developments. But there are significant opportunities, too.
-
Dec 13, 2023 | 
lexology.com | Tom Callaby |Ash Saluja
On 6 December 2023, the finalised texts of the EU banking package known as CRD61and CRR32 were published following the conclusion of negotiations between the EU co-legislators. In this article, we set out an overview of the latest developments and the next steps. We also explain the final compromise position on Article 21c of CRD6, which introduces a requirement for third country undertakings to establish a branch in the EU in order to provide core banking services, subject to certain exemptions.
-
Oct 5, 2023 | 
lexology.com | Emma Clark |Chris Glennie |Tom Callaby
In March 2023, the Independent Panel on Ring-fencing and Proprietary Trading (the “Panel”) concluded that the British banking sector needs a regulatory regime which is as dynamic as the sector it governs and flexible enough to adapt to changing economic threats. On 29 September, the UK Government published its response to the Panel’s report, setting out the Government’s proposal to change the ring-fencing regime.
-
May 10, 2023 | 
cms.law | Emma Clark |Chris Glennie |Tom Callaby
Shifting the ring-fence: a move for the wider good? 05/10/2023In March 2023, the Independent Panel on Ring-fencing and Proprietary Trading (the “Panel”) concluded that the British banking sector needs a regulatory regime which is as dynamic as the sector it governs and flexible enough to adapt to changing economic threats... Read moreAuthors Emma ClarkPartnerLondonChris GlenniePartnerLondonTom CallabyPartnerLondon
