Finance duo Allen and Goetz quit Freshfields

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

Recommended

Stones have rolled

It was entirely fitting that one of the last cases heard in the House of Lords was one which could redefine the litigation industry. After Norton Rose and IM Litigation Funding lost the Stone & Rolls case last week, some commentators have characterised the entire episode as a setback for litigation funders everywhere. Norton Rose […]

Ellisons

With two mergers in 14 months, Ellisons Solicitors has been staking its claim on the Essex legal market. Focusing on the Tendring Peninsula, an agricultural region that spreads from Colchester in the east and Clacton-on-Sea in the south to the port of Harwich on the west coast, Ellisons’ expansion plans saw it merge with PTL […]

Opinion: Banking recommendations will make life tougher at top

The dust may be beginning to settle ­following the shocks to the banking ­system over the past 18 months or so, but the appetite for analysis shows no sign of abating. The latest addition is Sir David Walker’s report ‘A Review of Corporate Governance in UK Banks and Other Financial Industry Entities’, published on 16 […]

1

Norton Rose apes KPMG again with Swiss Verein

Norton Rose is set to reorganise its global ­business within the Swiss Verein structure used by accountancy firms Deloitte and KPMG. Norton Rose is set to reorganise its global business within the Swiss Verein structure used by accountancy firms Deloitte and KPMG. It is understood that the firm is in the final stages of implementing […]

3

Postcard from… London

The legal intern in London is something of a myth. Unlike in America, where every summer hordes of over-eager law student interns swarm law offices ready to research and, Britain appears to have no tradition of semi-indentured legal labour. As a result, I appear to be one of the only legal interns in London. At […]

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