Financial services

Regulating the "wild west" of digital currencies, crypto-assets, ICOs and smart contracts

Posted by on

The House of Commons Treasury Committee has just published its Report on Digital Currencies – or as it now prefers to call them "crypto-assets" as they are not really currencies at all, at least not at the moment. More …

Delayed consultation on the transfer of Consumer Credit Regulation to the Financial Conduct Authority (FCA)

Posted by on

The publication of a consultation paper on the new regulatory regime for Consumer Credit was due to be released in January. More …

The FSA finally takes action on interest rate swap arrangements

Posted by on

Many years ago I prepared a complaint by a business to the Financial Ombudsman Service (FOS) – which deals with complaints against FSA authorised firms. The complaint arose out of the bank's requirement for the business to enter into an interest rate swap arrangement (IRSA) in support of a loan facility the bank was offering. More …