Insights: the Court of Appeal decision (Motonovo Finance/Close Brothers) on broker commission (November 2024)
The Court of Appeal decision of 25 October 2024 involving FirstRand/Motonovo and Close Brothers was of major significance to the topic of broker commissions in the motor finance sector. However, a key question was whether the development of the common law in the case was also relevant to other financial structures involving payments to brokers or other intermediaries – not just in the motor finance sector but more generally. In addition to the broader implications of the case, we also considered some of its uncertainties, the impact on existing commission arrangements and whether a different approach to new commission arrangements was required. With expert input from Kate Urell and Stephen Neville, two members of Gough Square Chambers, a leading consumer law and finance set.
Insights on Financial Regulation: US Treasury Clearing (June 2024)
The US Securities and Exchange Commission (SEC) finalised rules that required the central clearing of certain secondary cash market and repo transactions for US Treasuries. Additionally, the Fixed Income Clearing Corporation (FICC) had recently proposed rules that sought to implement the SEC's Treasury clearing rules. US Treasuries played an important role in the global financial system, and the new rules impacted the structure and global liquidity of the US Treasuries market. In that session, an overview of the key changes was provided, along with the impact they would have and the steps market participants would have to take to implement the changes.
Insights on Financial Regulation: The Regulatory Implications of Recent Banking Sector Turmoil - (April 2023)
In this webinar, our international panel explore these questions and cover areas such as bank supervision, the future of ring-fencing, the adequacy of liquidity and concentration risk rules, the role of deposit guarantees, how bank run risk develops and how recent events may alter the way in which bank regulators act.
Insights on Financial Regulation: Insights on Financial Regulation: MiCA for exchanges, brokers and other venues (January 2023)
MiCA establishes a broad regulatory framework for cryptoassets in the EU which, among other things, introduces licensing of cryptoasset service providers including operators of trading platforms for cryptoassets. In this call we will outline the new requirements that exchanges and brokers for digital assets should be aware of, including disclosure and governance requirements.
Insights on Financial Regulation: MiCA for stablecoin issuers (December 2022)
MiCA will regulate the issuance and offering of cryptoassets including certain stablecoins to the public in the EU. On this call, we outlined the new requirements that potential issuers of cryptoassets and stablecoins should be aware of, including the introduction of licensing for issuers and location, disclosure and governance requirements.
Insights on Financial Regulation: MiCA for stablecoin issuers (November 2022)
MiCA will regulate the issuance and offering of cryptoassets including certain stablecoins to the public in the EU. In this call we will outline the new requirements that potential issuers of cryptoassets and stablecoins should be aware of, including the introduction of licensing for issuers and location, disclosure and governance requirements.
Insights on Financial Regulation: MiCA for custodians (November 2022)
MiCA establishes a broad regulatory framework for cryptoassets in the EU which, among other things, introduces licensing of cryptoasset service providers including custodians. In this call we will outline the new requirements that existing and new custodians of digital assets should be aware of, including custody liability requirements and new consumer protection rules
Insights on Financial Regulation: MiCA - an overview (November 2022)
MiCA establishes a broad regulatory framework for cryptoassets in the EU, introducing licensing of cryptoasset service providers and issuers of cryptoassets, including certain stablecoins and clarifying the regulatory obligations applicable to them. In this call we will give an overview of the new framework and how affected firms should be assessing appropriate licensing requirements for their business now.
Insights on Financial Regulation: The UK's Future Regulatory Framework (November 2021)
The UK HM Treasury has just published its latest consultation on the Future Regulatory Framework. This is another step in delivering the government's vision for the financial services sector after the UK's exit from the EU. On this call, our expert panel discussed key developments, what they mean for the UK's regulatory architecture and the potential impact on firms subject to UK regulation