Our financial services regulation expertise spans new applications for authorisation, through to change of control and the wider issues affecting financial services organisations, such as disciplinary issues and market abuse.
We act for UK and international clients ranging from banks and building societies, through to insurers, reinsurers, mortgage firms and other commercial lenders, asset managers and investors, payment service providers, clearing houses and rating agencies.
We’re particularly known for our work on consumer credit, and for providing expert support in setting up new financial services businesses, as well as preparing businesses for sale.
Our approach sets us apart. Whereas some firms advise from a technical stand-point we work hard to focus on your customer journey, understanding how your customers interact with your business and the regulatory challenges this presents.
Lord Adair Turner, former chair of the FSA until 2013, predicted in 2016 that "the losses which will emerge from peer-to-peer lending over the next five to ten years will make the worst bankers look like lending geniuses."
The Foreign Investment Law (Royal Decree No. M/1 dated 5/1/1421H, corresponding to 10/4/2000G) and its implementing regulations provide the regulatory framework for foreign investors seeking to invest in Saudi Arabia.
The UK’s total consumer debt bill is close to £200bn and is growing at its fastest rate for 12 years. There are some troubling parallels with 2008 and what is happening in today’s credit-fueled car market.
The FCA’s recent consultation on staff remuneration and incentives should really come as no surprise to lenders, but its reach beyond regulated lending into sales practices in retailers and dealers, the success of whose businesses is down to the growth in retail finance, may cause shockwaves throughout that sector but should it come as any real surprise, even more so for those involved in collections?
Whilst there is considerable ongoing discussion and speculation about the impact of Brexit, much of this has been about the economic and political consequences of this historic event. How do we think consumer credit lenders might be affected?