New European regulations that will take anonymity out of cryptocurrencies could be the nascent market’s entry into mainstream finance, with legal experts predicting that new laws will convince more businesses and investors that payment innovations like bitcoin are legitimate.
The chairman of the European Insurance and Occupational Pensions Authority on Wednesday urged firms to consider “all possible solutions” to help them lessen the risks that they will face if Britain crashes out of the European Union without a trade deal in place.
U.K. Chancellor Philip Hammond faced pressure on Tuesday to exempt charities from paying insurance premium tax when he announces Wednesday’s budget, with key organizations including a charity insurer saying they are battling financial strain as it is.
Britain’s accounting watchdog could start levying fines of more than £10 million ($13.2 million) on the Big Four professional services firms under recommendations published Tuesday, more than double the highest penalty it has handed out so far.
The legal profession remains a high risk for money laundering, with phony investment schemes one of the biggest dangers, the regulatory body for solicitors in England and Wales warned on Tuesday.
Europe’s securities watchdog moved Tuesday to clear up confusion in the financial sector about insider trading laws governing transactions made by senior staff and trading carried out by their firm as it is prepares to announce its results.
U.K. motor insurers could save up to £2.5 billion ($3.3 billion) next year if widely anticipated changes to compensation calculators are made and reforms to clamp down on spurious accident claims are passed, Ernst & Young said Monday.
A Bermuda-based speciality insurer has revealed it is to set up a new headquarters in Luxembourg to allow it to continue serving European clients beyond Brexit in March 2019.
The North Group and its subsidiary Sunderland Marine on Monday became the latest insurers to announce plans to open a unit in Dublin to allow them to sidestep any upheaval after Brexit in March 2019.
London-headquartered law firm Clyde & Co. LLP said on Monday that it has joined forces with a Malaysian counterpart to work together on insurance, energy and transportation matters across national borders.
Britain’s banks and insurance firms will lose their right to passport services into the EU “as a legal consequence of Brexit,” the European Union’s lead negotiator said on Monday, as he appeared to dismiss any chance of a special deal for London’s financial sector.
Two parliamentary committees urged the U.K. government on Monday to extend greater employment rights to members of the so-called gig economy, which could force giants such as Uber and Deliveroo to enroll workers onto pension insurance plans.
The U.K. insurance industry urged Chancellor Philip Hammond on Monday not to raise insurance premium tax when he announces the Budget on Wednesday, saying another hike in the rate would be “horribly unfair.”
Financial services firms and new technology startups hoping for a successful partnership will need to tackle legal and compliance issues before they can get off the ground, according to a report released Monday highlighting the common pitfalls and legal traps that can undo such partnerships at an early stage.
The last week has seen a consulting firm sue the shareholder rights group that challenged the Royal Bank of Scotland, Lehman Brothers' bankrupt European unit take on HMRC, and three reinsurers lodge a claim against Petroleos de Venezuela's captive insurer. Here, Law360 looks at those and other new claims in the U.K.
The Financial Conduct Authority warned banks and insurance firms on Friday that they will still face regulatory punishment for cybersecurity failures in their supply chain and that outsourcing compliance is not a credible defense.
The U.K.’s top insurance trade body recommended Friday that insurers should set up internal policies by January to help them identify and support vulnerable customers in the long-term savings market.
The U.K. Financial Reporting Council announced on Friday that it will review the corporate reporting of financial firms over the next two years, focusing on the effects of Brexit and new standards that come into force in the new year.
U.K. Brexit negotiator David Davis denied on Friday that Britain is being inflexible in talks, blaming Germany and France for blocking progress in efforts to seal a future free-trade agreement between it and the European Union.
The European Securities and Markets Authority revealed proposals on Friday for how commercial firms should calculate future derivative positions under incoming EU trading laws as it attempts to shore up stability in trading.
A British lawmaker tabled a motion on Wednesday calling for a debate in the House of Commons on a freeze in U.K. insurance premium tax ahead of next week’s government review of the country’s finances.