Articles in ‘Financial Services’ Category

 You can also listen to our podcast on your podcast platform of choice – find it here > Hello and welcome to Legal Thinking from RWK Goodman. I’m Liam Pape. In this episode…

Recently released analysis by EY of financial services M&A transactions in 2021 reveal deal volume hit 252 transactions in 2021, an increase from 134 in 2020 and representing a five year high. Growth was…

On 1st April 2013, the FSA was replaced by the FCA, PRA and FPC. 

In any financial services M&A transaction, plenty of consideration is given to the technical aspects of the deal and the regulatory, financial and legal analysis that should be undertaken by buyers as part of the transaction process. But what of the psychological aspects particularly the unconscious influences that impact decision making?

Banks continue to release funds without a Grant of Representation where the monies in question are of a low value; each bank differs in what it classes as low value with some releasing funds up to £10,000 and others willing to release funds up to £50,000 after a customer has died.

The Corporate Insolvency and Governance Act 2020 (“CIGA”) was first published in May 2020 and obtained Royal assent on 25 June and came into force on 26 June 2020. Amendments made to the Act are as follows.

The Finance Act 2020 will result in HMRC salvaging its status as a preferential creditor for insolvencies that commence on or after 1 December 2020.

Punjab National Bank (International) Ltd v MBL Highway Development Company Ltd: Success in US $17 million cross border banking claim

As 1 January 2021 is fast approaching, we look at how this may impact on the flow of personal data between the UK and the EU, and what Banks can do to prepare.

Following their boom in 2017 and subsequent dip in popularity, the widespread use (and perception, to some extent) of digital currencies has stabilised in recent years. They are now expected to play an increasingly important role within mainstream financial services in the years to come.

With the UK-EU Trade and Cooperation Agreement now having been signed, what does this mean for the financial services industry, a sector which contributes 7% to the UK economy.

Whilst 2020 and the Covid-19 pandemic has forced lenders to embrace new practices, the financial services sector has tried to remain resilient during the turbulence at the same time as providing support to their customers who need it. At the end of 2020, the British Business Bank reported that the Coronavirus loan schemes had supported a total of over 1.5m facilities to businesses, providing over £68 billion of finance.