Financial Services Regulation

Through the looking glass: Why aligning regulatory permissions is key to unlocking profits

25 Jun 2020

2020 is an unprecedented year for business. The global COVID-19 pandemic has decimated economies worldwide and with Brexit looming, the future for UK business is unclear. Just as Alice fell into Wonderland in Lewis Carroll’s Through the Looking Glass, we have fallen down an economic rabbit hole where nothing is certain and everything is possible. ...

FATCA: A Taxing Affair

30 Jun 2016

Today (30 June 2016) marks the end of the two year ‘grace period’ for compliance with the Foreign Account Tax Compliance Act (FATCA), granted by the Internal Revenue Service of the United States (IRS). In this time, Financial Institutions (FIs) should have reviewed and classified all of their pre-existing customer accounts, and have recorded the r...

Remediation... bring out your dead

29 Jan 2015

As the frosts of winter really begin to bite, many of the mammoth remediation programmes surrounding the mis-selling of interest rate hedging products (IRHPs) are nearing their end. Since the problem was first brought to the attention of the regulators in 2012 over 14,000 customers have been offered redress with over £1.5 billon having been paid o...