Banking & Finance analysis: This News Analysis provides a summary of the cases we have alerted in Banking & Finance for December 2024 and January 2025.
HM Treasury and the Japan Financial Services Agency have issued a joint statement following the 3rd Financial Regulatory Forum held on 30 January 2025 in London. The forum concentrated on sustainable and climate finance, asset management, capital markets, digital finance, and international financial stability. Both countries stressed the importance of collaboration in these areas, including the regulation of cryptoassets and the role of artificial intelligence (AI) in financial services.
Brexit paved the way for Britain to rip up the EU's financial services rule book and create a more UK-friendly regime—but some regulatory analysts say the process is taking too long, which imposes a bigger compliance burden on companies.
This week's edition of Banking and Finance weekly highlights includes: (1) the High Court holds that BOS did not breach implied terms in facility agreements in relation to forced asset disposals; (2) ICMSA updates standard provisions for bondholder meetings with enhanced electronic consent wording; and (3) ESMA announces implementation of new regime for the reporting of OTC transactions.
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so
Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give
Brussels I (recast)—domicile (Arts 4 and 63) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note considers the general rule set out in Article 4 of Regulation (EU) 1215/2012, Brussels I (recast) when determining the relevance of a defendant’s domicile to
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