Financial Services highlights - February 2020

Financial Services highlights - February 2020


Looking to stay up to date? An aspect of the lawyer's role that we hear is one of the most challenging, is staying abreast of what's going on while continuing with their client's work. 

Below we have listed key legal and regulatory news updates and stories to help you get ahead. 

See the full update here:  FS weekly highlights - 13 Febuary covering the topics listed below.

For further news, legal and regulatory updates and to sign up to alerts, see the Financial Services industry blog.


Brexit news

UK financial regulators to be questioned on Brexit impact on financial services

The House of Lords EU Financial Affairs Sub-Committee announced that it would hear evidence from the Bank of England (BoE) and the Financial Conduct Authority (FCA) about financial services after Brexit on 12 February 2020. It is expected that the committee would question the preparedness of the UK’s financial services industry for the end of the transition period, the possible future UK-EU relationship in financial services and new UK financial regulations after Brexit.

Source: Bank of England and Financial Conduct Authority questioned on financial services after Brexit.

HoL EU Financial Affairs Sub-Committee hears evidence on future of UK financial services

The House of Lords EU Financial Affairs Sub-Committee heard evidence from academics on the likely future of UK financial services after Brexit. The committee discussed issues including equivalence and potential divergence, the EU’s appetite to onshore UK financial services, and the potential shape of EU-UK institutional arrangements

Source: Uncorrected oral evidence: Financial Services after Brexit—Financial services after Brexit.

Carney to give evidence to HoL Economic Affairs Committee on 11 February 2020

The House of Lords Economic Affairs Committee heard evidence from the governor of the BoE, Mark Carney, on 11 February 2020, in his last annual session with the Committee. Carney was expected to discuss Brexit, sustainable finance and financial stability issues.


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About the author:

Amy leads the thought leadership and content marketing strategy for LexisNexis UK, creating insights for corporates and legal professionals. She is an established writer and researcher, having contributed to publications, such as The Law Society, LPM, City A.M. and Financial IT.