New code of practice on funding defined benefits

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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 […]

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Exclusivity clause ban is no end to zero-hours contracts matter, says Eversheds

Eversheds partner Simon Rice-Birchall has commented on Vince Cable’s announcement in relation to zero-hours contracts (ZHCs). He noted that pressure has been mounting on the Department for Business, Innovation & Skills (BIS) for some time to prevent the negative consequences associated with some ZHCs, hence the government’s announcement of new legislation (in the Small Business, Enterprise and […]

Mixing up management at Osborne Clarke

No doubt there have been celebrations at Osborne Clarke over the past month – what with the firm opening in Amsterdam, its 18th office, average profit per equity partner soaring by 46 per cent to record highs, and every staff member pocketing an extra 2 per cent bonus. But, it’s not all been champers and […]

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Deloitte prepares to take on the UK legal market

Deloitte is to become the last of the Big Four audit firms to enter the UK legal market after appointing a new chief of Deloitte Legal to draw up an action plan. Amsterdam-based Piet Hein Meeter, who took over as global managing director of Deloitte Legal on 1 June, is looking to grow the network […]

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