Chris Glennie | CMS
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Treasury and PRA consult on UK Capital Requirements Regulation regime
Firms should prepare for PRA Rulebook migration, revised overseas recognition mechanics, and operational updates to policies, systems, and reporting.
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New safeguarding regime presents high compliance burden
Payments and e-money firms impacted by codification of guidance and new requirements including the imposition of a statutory trust.
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Shifting UK banking’s ring-fence: a move for the wider good?
New proposals to change the UK ring-fencing regime and the methods banks use to undertake M&A.
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Reducing bank failures? UK regulator consults on solvent exits
PRA consults on how to ensure cost-effective solvent exits for non-systemic banks and building societies.
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CBDC – the next milestone in the evolution of payments?
CBDCs are here to stay and will form an important part of the global future payments landscape.
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FCA publishes final rules and draft guidance on financial promotions for cryptoassets
New rules apply to all firms marketing cryptoassets to UK consumers, whether based in the UK or overseas.