Weekly highlights—9 November 2017

Weekly highlights—9 November 2017

Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 9 November 2017.

Financial Conduct Authority updates

FCA discusses SME redress and other issues in Treasury Committee hearing

The House of Commons Treasury Committee published a transcript of oral evidence given to it on 31 October 2017 by the chief executive of the Financial Conduct Authority (FCA), Andrew Bailey, and the FCA chair John Griffith-Jones, on the work of the FCA. Topics discussed included Brexit, cybercrime, bank transfer scams, Saudi Aramco and the Royal Bank of Scotland Global Restructuring Group.

FCA policy development update for November 2017

The FCA published the latest version of its policy development update, which provides information on its recent and upcoming publications. Future publications include policy statements on implementation of the Insurance Distribution Directive (IDD), which are expected in December 2017 and January 2018, and a policy statement and further consultation on implementation of the Financial Advice Market Review, scheduled for December 2017.

FCA board minutes published

The FCA released the minutes of its 11 and 12 September 2017 board meeting. Andrew Bailey’s chief executive report covered the RBS Global Restructuring Group enquiry, the Which? super complaint, and the fairness of some terms in the motor finance industry. The Insurance Distribution Directive, Brexit and PPI were also among the topics discussed.

Regulatory architecture

CMA—new information note issued on leniency arrangements in the regulated sectors

The Competition and Markets Authority (CMA) published an information note on arrangements regarding leniency applications from cartel informants, in the context of the concurrency regime between the CMA and those sector regulators with full membership of the UK Competition

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:
Prior to joining LexisNexis in 2016 as a paralegal, Lauren was an adjudicator at the Financial Ombudsman Service. There she resolved consumers’ complaints, and gained knowledge about a wide variety of financial products. Before this she studied Law at Nottingham Trent University.