- Considers incoming FCA regulations on greenwashing and sustainability advertising.
- Notes developments in law regarding authorised push payments fraud.
- Covers the latest developments in de‑banking (de-risking).
UK financial institutions continue to face a complex regulatory landscape, balancing a developed financial system with customer protections. With new regulations set to be introduced by the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) later this year and beyond, this article considers protections (and risks) associated with some of the proposals and talking points.
Sustainability disclosure requirements
With increased focus on environmental, social and governance (ESG) issues, driven by global demand and stakeholder pressure, new and challenging risks arise for the UK’s financial institutions.
ESG-related litigation initially emerged predominantly with shareholder actions under ss 90 and 90A of the Financial Services and Markets Act 2000, or derivative actions under s 260(1) of the Companies Act 2006. Recent developments indicate we are likely
