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Banks do not need to check whether their customers have given other companies permission to access information from their payment accounts under EU payment services laws, the European Banking Authority (EBA) has confirmed. 15 Jun 2018
Major financial institutions in the UK are set to face new minimum requirements on the level of service they provide under plans being drawn up at the Bank of England. 15 Jun 2018
The code of practice on taxation for banks (the code) was introduced in 2009 and applies to banks and building societies. It is designed to change the attitudes and behaviours of banks towards tax avoidance. It encourages banks operating in the UK to adopt...
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.
An international messaging standard for electronic data interchange between financial institutions is to be applied to the UK's CHAPS, Faster Payments and Bacs payment systems, the Bank of England has announced. 07 Jun 2018
ANALYSIS: The introduction of new payments architecture (NPA) will deliver the next big round of innovation in the payments market, but it is a subject that has not yet attracted the attention it deserves. 06 Jun 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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Partner - Head of Client Relationships, Financial Services