Blog Archives

Disputes risks for FS firms: ‘greenwashing’ and ESG reporting obligations

Companies are increasingly feeling the pressure of mounting public interest in Environmental, Social and Governance (ESG) issues. Financial services firms are no exception and in fact find themselves at the epicentre. ESG concerns are wide-ranging, spanning climate change, diversity and …

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FCA extends date of Temporary Registration Regime for existing crypto-asset businesses: next steps

The FCA further explained that while security tokens are investments for the purposes of the Financial Services and Markets Act Regulated Activities Order 2001, as amended, (RAO), this would not always be the case for utility tokens and would not …

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Lessons for banks from subprime lender Amigo’s woes

Banks will need to carefully consider the implications of the UK high court’s May 24 decision to reject a scheme of arrangement proposed by British subprime lender Amigo Loans, on the grounds that the proposed scheme to deal with complaints …

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Financial Services webinar: Whistleblowing, sanctions regimes and launching a digital currency

Join members of our financial services team for this webinar discussing some of the latest issues in the industry. Whistleblowing – a new approach? Employment Partner Andrew Granger provides an update and overview following the FCA’s recently launched “In confidence, …

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Online financial scams: Google to vet advertisers following FCA threats

There is no doubt that the pandemic has boosted the amount of time that consumers spend online and, in turn, online scammers have ramped up their fraudulent advertising particularly on social media and search engine platforms. This advertising led the …

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Cryptocurrency exchange Binance banned from operating in the U.K. by FCA

Cryptocurrency exchange Binance has been banned from operating in the U.K. by the Financial Conduct Authority, in the latest sign of a growing crackdown on the crypto market around the world. The FCA said  that Binance Markets Limited, the U.K. …

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US Office of Foreign Assets Control uses blockchain technology to surveil entities behind cryptocurrency activities

The Office of Foreign Assets Control (OFAC) is subscribing to use blockchain surveillance tools developed by New York headquartered firm, Chainalysis. OFAC is responsible for administering and enforcing economic sanctions in the United States, based on foreign policy and national …

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MP’s call for a ban on ‘greenwashing’ in financial services firms

Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public.  It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental …

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Financial Services Spring update

Join members of Collyer Bristow’s Financial services team as they discuss the latest issues facing the industry as we begin to emerge from the lockdown and come to terms with the impacts of the pandemic and Brexit. Nigel Brahams, Partner, …

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LIBOR TRANSITION UPDATE: q1 2021

FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks In March this year, the FCA confirmed that all 35 LIBOR settings will either cease to be published by the ICE Benchmark Administration and/or will no longer …

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