Barclays Becomes First UK Bank To Receive Ring-Fencing Approval (Pinsent Masons Banks Briefing: April 2018)

Welcome to the April edition of our Banks Briefing, a newsletter produced specifically for lawyers working for banks in the UK.

In this newsletter we cover:-

Barclays becomes first UK bank to receive ring-fencing approval A UK High Court judge has given Barclays the go-ahead to complete the ring-fencing of its retail banking activities into a new entity.

PCP mis-selling findings remain a risk in light of FCA report Risk of a mis-selling scandal around the sale of 'personal contract purchases' remains following the publication of a report by the UK's Financial Conduct Authority.

PISPs and AISPs to face complaints-handling duties All businesses active in the EU's payment services market will be subject to complaints-handling duties under plans outlined by the European Banking Authority.

Fintech sector strategy set out by the UK government New standards will be developed to help major banks and insurers to collaborate with fledgling fintech companies, the UK government has announced.

Supreme Court: actions in contempt of court can be 'unlawful means' Multiple breaches of worldwide freezing orders in contempt of court can form the basis of an action for damages caused by 'unlawful means' conspiracy, the UK's highest court has confirmed

ICOs not a current risk to financial stability, says Carney Initial coin offerings do not pose a current risk to financial stability, Mark Carney has said in a letter to senior...