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FIsion Blog

A watching eye on financial services regulation

The FCA consults on new SM&CR guidance on statements of responsibilities and responsibilities maps

On 11 October 2018, the FCA published a guidance consultation for FCA-authorised firms on preparing statements of responsibilities and responsibilities maps under the Senior Managers and...

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Lessons learnt? A cautionary tale for consumer credit lenders.

On 15 October 2018 the FCA published a "Dear CEO" letter addressed to lenders in the High Cost Short Term Credit (HCSTC) sector. Many lenders in this sector have seen a rapid rise in...

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Savings accounts: In or out? The CJEU's flexible approach to savings accounts.

In a very short judgment the CJEU has decided that an online direct savings account which permits unlimited access to funds, but only through an intermediate reference (current) account, is ...

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Addressing Implementation: Messages From The FCA Workshop on its Approach to Consumers

The FCA held a workshop last week on Customers in Vulnerable Circumstances which focused on its approach to ensuring inclusive and fair treatment of vulnerable consumers in the financial...

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HMT looks to create payments parachute for a cliff-edge Brexit

HM Treasury's draft Brexit Regulations for UK payment services and e-money activity aim to soften the practical impact of the EEA suddenly becoming, to all intents and purposes, a third...

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