Financial stability and market confidence

Financial stability and market confidence guidance:

This Practice Note provides high-level guidance on the administration regimes for UK banks, investment firms, building societies and investment banks under: • the Banking...

Practice Note

The US effort to end the ‘too-big-to-fail’ phenomenon which has seen controversial government support of the largest failing banks or other financial institutions is...

Practice Note

Financial services firms and insolvency provisions in FSMA 2000 The provisions in Part XXIV of the Financial Services and Markets Act 2000 (FSMA 2000) allow the...

Practice Note

Established in April 2009 at the G20 summit in London, the Financial Stability Board (FSB) is the successor to the Financial Stability Forum (FSF). The FSB was created...

Practice Note

Part XI of the Financial Services and Markets Act 2000 (FSMA 2000) (ss 165-177) sets out the information gathering powers the regulators have to require firms to produce...

Practice Note

From 1 April 2013, the Financial Services Act 2012 (FSA 2012) made amendments to regulatory information gathering powers and obligations on authorised firms to respond to...

Practice Note

What is the concept behind the EU FTT? The original Financial Transaction Tax (FTT or ‘Tobin tax’) Directive proposal (published in September 2011) was a very...

Practice Note

Summary As noted in Practice Note: Insurance business transfer schemes, a regime for transferring portfolios of insurance business has existed in the UK since the...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Banking Act 2009 The first outline proposals designed for the recovery and resolution of a failing financial institution were produced in the immediate aftermath of the...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

The origins of the Special Resolution Regime The special resolution regime for banks is found in the Banking Act 2009 (BA 2009). This Act replaced previous...

Practice Note

Purpose of the Credit Institutions (Reorganisation and Winding Up) Directive The Credit Institutions (Reorganisation and Winding Up) Directive 2001/24/EC (CIWUD) was...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note