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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

Bristol’s Brunel bash

It’s Isambard Kingdom Brunel who’s credited with linking the West Country and London, but it seems law firms are trying to outdo the old engineer. Simmons & Simmons has become the latest City firm to plan a Bristol launch in a move aimed at achieving more efficient ways of working. London and national rivals have […]

Singapore’s Temasek appoints its first general counsel

Temasek Holdings, an investment company owned by the government of Singapore, has appointed Lee Theng Kiat as president and general counsel, the first holder of the legal head role. Prior to joiningTemasek, Lee was the chief executive officer and president of Singapore Technologies Telemedia, having served as a general counsel in his early career. In […]

AXA Asia GC: The end game

Asia regional general counsel Johnny Cheung hopes his ambition to see a deal through to conclusion will stand him in good stead for AXA’s life insurance JV with ICBC Johnny CheungRegional general counsel for Asia, AXA Group Position: regional general counsel for AsiaIndustry: InsuranceReporting to: Group general counsel in ParisNumber of employees (global): 214,000Annual turnover […]

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Two more partners quit Dewey, head to DLA Piper in NYC

Dewey & LeBoeuf has lost a further two partners, with New York corporate duo John Altorelli and Alexander Fraser leaving to join DLA Piper. The departures bring the number of partner exits from the US firm to 41 this year, with the firm taking emergency measures last month that saw it reshuffle its senior management […]

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Legal Services Board concedes ‘no big bang’ in five years since LSA

The Legal Services Board (LSB) has admitted that the 2007 Legal Services Act (LSA) has not resulted in sweeping changes to the profession, stating in a five-year progress report that it is “early days” to judge its impact. The LSB’s interim market trends publication was presented yesterday by chief executive Chris Kenny, who acknowledged that […]

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