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A business that provides identity-proofing services has been chosen to help protect against fraudsters gaining access to customer data under the new 'open banking' regime. 18 Jan 2018
Changes to payment services laws came into effect in the UK on Saturday despite many banks still not having new technical solutions in place to act on the reforms. 16 Jan 2018
This guide was updated in July 2017.
Anti-competitive agreements are prohibited by European and domestic competition law. This means any anti-competitive provisions in commercial agreements are void and unenforceable which could lead to the entire agreement being unenforceable.
Organisations are increasingly looking to work in collaboration or partnership with third parties. This may be to achieve operational aims, such as a step change in service delivery, or to reduce costs or achieve efficiencies.
Many private sector organisations are using competitive tenders to procure goods and services or award significant contracts. Competitive tenders can be used to maintain a competitive edge and drive a better commercial deal.
UK banking regulation is undergoing significant changes which will affect UK banks and foreign banks operating in the UK.
This is one of a series of guides on issues connected to ring-fencing and banking reform faced by banks. Other guides cover issues such as tax, real estate, employment, pensions, litigation and competition considerations.
ANALYSIS: It will be vital for the company tasked with delivering new payments architecture in the UK to maintain engagement and 'buy in' from the wider payments industry so as to successfully finalise and implement the plans. 10 Jan 2018
ANALYSIS: Inter-bank 'know your customer' (KYC) blockchain-based registries are unlikely to get buy-in from all banks because of their wariness about relying completely on third party verifications of data. 09 Jan 2018
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With globalisation and technological progress, banks and financial institutions are having to access customers in more innovative ways, but against a backcloth of tighter governance and increased regulation. We provide an integrated approach across the full range of commercial legal disciplines to the sector.
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