Author Archives: ETE

The FCA has started a criminal prosecution against Matthew and Nikolas West for insider dealing. Matthew and Nikolas West are jointly charged with conspiracy to deal in 4 stocks while having inside information. Matthew West has additionally been charged with insider dealing in relation to 2 stocks. He has been charged with disclosing to and […]

The FCA has started a criminal prosecution against Matthew and Nikolas West for insider dealing. Matthew and Nikolas West are jointly charged with conspiracy to deal in 4 stocks while having inside information. Matthew West has additionally been charged with insider dealing in relation to 2 stocks. He has been charged with disclosing to and […]

The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers. Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace […]

The FCA has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers. Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter. Your one-stop-shop in the world of EU financial markets focuses in August and September on our Chair’s contributions at various events on the effectiveness and attractiveness of capital markets in the context of the […]

Joint press release from the Bank of England, the FCA and the Working Group on Sterling Risk-Free Reference Rates (Working Group). Yesterday, 30 September 2024, the remaining synthetic LIBOR settings were published for the last time and LIBOR came to an end. All 35 LIBOR settings have now permanently ceased. The transition away from LIBOR, […]

The FCA and the Prudential Regulation Authority (PRA) have appointed Elizabeth Passey as Chair of the Financial Services Compensation Scheme’s (FSCS) board. She will take up the role on 1 October 2024. Over a 30-year career, Elizabeth held senior positions with J. Stern & Co., Investec Asset Management and Morgan Stanley. She recently completed 2 […]

ESMA, the EU’s financial markets regulator and supervisor, has published its 2025 Annual Work Programme (AWP), which reaffirms ESMA’s strategic orientation and commitment to safeguarding resilient, transparent, and sustainable European financial markets. ESMA has contributed to the ongoing discussion of how to make European capital markets more efficient and attractive, and in 2025 will advance […]

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have appointed Marc Andries to lead their new joint Directorate in charge of oversight activities for critical third-party providers established by the Digital Operational Resilience Act (DORA). Marc Andries takes up his new role as Director for DORA joint oversight on 1 October 2024. […]

The Digital Securities Sandbox (DSS) reshapes how we regulate by allowing firms to test legislative changes in real world scenarios before the changes are implemented. The Bank of England and the FCA have opened the DSS. We encourage firms that are innovating in financial market infrastructure to apply and have published guidance to help them. […]