Episode 8: Payments Monthly The FCA's portfolio strategy letter to CEOs warns them to act to prevent customer harm. Simon Treacy, Harry Eddis, Jean Price and Paul Harris look at what the letter means for payment and e-money institutions.
Episode 7: Payments Monthly In a special episode, our Competition experts Natura Gracia and Sima Ostrovsky join Frances Hodgkins and Simon Treacy to examine recent high-profile deals in the payments industry and the approach of competition authorities as they look out for smaller competitors being “killed off” by larger rivals.
Epiosde 6: Payments Monthly As part of its response to Covid-19, the FCA has put forward new guidance for payment institutions and e-money institutions on safeguarding and prudential risk management. Simon Treacy, Jean Price and Paul Harris examine what the change in regulator’s expectations means for payments firms.
Episode 5: Payments Monthly In this special episode, our payments lawyers are joined by Nicola Greenberg from Allens to discuss the Royal Commission, buy-now-pay-later models, new design and distribution rules for Australian payments firms and progress on open banking.
Episode 4: Payments Monthly The promise of stablecoins has caught the attention of regulators and central banks. Our payments lawyers consider the regulatory response to stablecoins, including the potential for central bank digital currencies, and discuss how Covid-19 has impacted the UK payments regulators’ plans for the year to come.
Episode 3: Payments Monthly In our first remotely recorded podcast we cover what Covid-19 means for payment services. Simon Treacy, Paul Harris and Jean Price talk about the practical challenges for firms, the latest regulatory developments and the potential commercial impact of the coronavirus pandemic.
Episode 2: Payments Monthly This month Simon Treacy, Jean Price and Harry Eddis discuss authorised push payment fraud and the measures that have been taken to try to tackle it, and consider what the regulatory focus on operational resilience means for the payments industry.
Episode 1: Payments Monthly For our first episode of 2020 we look at one issue which will dominate the coming year and beyond, and pick up another which emerged at the end of 2019. Simon Treacy, Jean Price and Paul Harris discuss the latest on Brexit and how it will impact the payments industry, and highlight a Dear CEO letter from the FCA to the telecoms industry setting its expectations for firms wishing to rely on the electronic communications exemption under PSD2.
Episode 2: Antitrust and Funds The second episode in our funds and financial sponsors antitrust and foreign investment podcast focuses on the UK’s proposed new foreign investment regime, with a deep dive into how the National Security & Investment Bill will apply to acquisitions and investments by financial investors. In this episode, Anna Mitchell , Verity Egerton-Doyle and Jennifer Willis from the AFIG team discuss with Clare Baker from our Investment Funds group the key points investors a...
Episode 1: Antitrust and Funds The first podcast in our series focuses on the expanded concept of parental liability for antitrust breaches established in a recent European Court of Justice judgment and the implications this has for financial investors, even those who generally invest via indirect minority stakes. In this episode, AFIG Partners Jonas Koponen , Annamaria Mangiaracina , Anna Mitchell and Associate Jennifer Willis discuss why this case raised interesting questions about parental li...
Episode 4: Global Business Crime Outlook Ben Packer , Kerstin Wilhelm , Doug Davison and Andrew Chung discuss the trends in global anti-money laundering enforcement, while also looking at money -laundering techniques and, in particular, legislative developments in the US, UK, Germany and across Asia....
Episode 3: Global Business Crime Outlook In our third podcast Andrew Chung, Michael Lamson, Eric Liu, Kerstin Wilhelm and Satindar Dogra explore the various sanctions developments around the globe, including US sanctions and the latest trends from the Biden administration, the PRC blocking regulation and sanctions in China. We also cover the EU Blocking Regulation and recent EU sanctions developments with a discussion of the post-Brexit UK sanctions regime and evolution of OFSI.
Episode 2: Global Business Crime Outlook In this second episode of the Global Business Crime Outlook podcast series, Alison Saunders , Andrew Chung , Kerstin Wilhelm , Elly Proudlock , Sean Solomon and Eléonore Hannezo will each discuss key developments and trends taking place this year in their jurisdictions covering the UK, Asia and Europe....
Episode 1: Global Business Crime Outlook In this first episode of our Global Business Crime podcast series, Ben Packer , Elly Proudlock and Clare McMullen look at how breaching the Money Laundering Regulations can lead to criminal charges, what this means in practice and how criminal prosecution differs from regulatory enforcement....
Episode 3: ESG Soundbite Series In our next podcast focusing on ESG in a project financing context, Rachel Barrett and Iyesogie Igiehon discuss: why transparency matters when it comes to environmental and social issues; what is usually disclosed and when; ongoing project reporting; and the shift towards greater public disclosure.
Episode 2: ESG Soundbite Series In our next podcast focusing on ESG in a project financing context, Iyesogie Igiehon and Aileen Buchanan discuss: the role of E&S due diligence in project financings; E&S standards requirements; the role of E&S consultants; and areas/issues that require extra focus such as biodiversity, GHG emissions and indigenous peoples.
Episode 1: ESG Soundbite Series The next focus of our ESG Soundbite Series will be on the importance of ESG in a project financing context. In this first session Aileen Buchanan, Rachel Barrett and Iyesogie Igiehon talk about E&S risk management in complex project financings. They share some quick insights on: how soft law standards have driven change in the market; the increase in NGO and public scrutiny; and what parties can do to efficiently manage E&S risks including practical tips....
Episode 4: Operational Resilience The UK regulators have finalised their operational resilience regimes. Clare McMullen, Verity Kemp and Simon Treacy compare the final rules with the draft rules. Quote: Clare McMullen, Partner: “How firms treat vulnerable customers fairly is a real priority of the FCA at the moment and so it is not a surprise that they have added express references to vulnerable customers in their guidance on operational resilience.”
Episode 3: Operational Resilience Julia Dixon, Pansy Wong and Simon Treacy share their insights from the OpRisk Global conference which took place virtually in March 2021. Pansy Wong, Partner: “Plenty of people I spoke to were worried about what it means that different standards are developing in different jurisdictions. And even though the overall aim of all these different regimes is the same, the nuances between them will inevitably cause headaches for global firms.”
Episode 2: Operational Reslience Pansy Wong, Rebecca Heaysman and Simon Treacy look back on what has changed since the UK regulators released their draft rules on operational resilience in December 2019. Pansy Wong, Partner: “It would be a real surprise if the outcome of all the policy work that has happened in the background isn’t influenced by the events that have taken place since the consultations were launched… All of that said, Covid-19 has been a really unusual source of disruption.”...
Episode 1: Operational Resilience Julia Dixon, Verity Kemp and Simon Treacy introduce the concept of operational resilience and what it means for UK financial services. Julia Dixon, Partner: “The reforms are really signalling a cultural change, a shift in terms of how firms need to approach resilience and there’s going to be regulatory attention focused right at the top of the house on how you are approaching this subject.”
Episode 7: The Next Year in Payments Michael Voisin & Richard Hay In this two-part episode, Michael Voisin and Richard Hay discuss the limitations of legacy systems and drives to improve and replace them. This second part focuses on efforts to create parallel closed loop payment systems that do not rely on existing legacy infrastructure, such as so called “stablecoins” and central bank digital currencies.
Episode 6: The Next Year in Payments Michael Voisin & Richard Hay To date, much of the innovation in the payments market has been at the user-interface level – in a sense, “digital lipstick” applied on top of existing legacy systems. But that approach has its limitations. And there is now growing demand for improvements to underlying payment systems to increase the speed and efficiency of value movements. In this two-part episode, Michael Voisin and Richard Hay discuss the limitations of leg...
Episode 5: The Next Year in Payments Peiying Chua Heikes & Niranjan Arasaratnam Asia has seen a huge growth in its payments industry over the past few years, spurred on by a young, tech-savvy generation and push for the financial inclusion of the underbanked. Amidst rapid development, regulators are now tasked with overcoming fragmentation in payments ecosystems and ensuring continued financial stability – but at the same time pushing for innovation and change. Peiying Chua and Niranjan Aras...
Episode 4: The Next Year in Payments Etienne Dessy, Jellen Rasquin & Donald Krols As part of the broader digital payment revolution across Europe, there has been considerable change in the Belgian payments market in recent years. Etienne Dessy, Jellen Rasquin and Donald Krols look ahead to the regulatory priorities for 2020 including PSD2, APIs and AML.
Episode 3: The Next Year in Payments Harry Eddis, Frances Hodgkins & Terry Yiangou E-commerce, wallet services and digital payments are transforming the way we interact with money. Looking ahead, innovative payment systems are set to accelerate the global decline in cash use. Harry Eddis, Frances Hodgkins and Terry Yiangou discuss these market changes and the questions they pose about continuing access to cash.
Episode 2: The Next Year in Payments Jean Price & Arjun Lakhani An increase in outsourcing in the payments sector has brought with it increased regulatory scrutiny. Now payment institutions in the EU must take into account new outsourcing guidelines from the European Banking Authority. Jean Price and Arjun Lakhani discuss the key points for payment institutions to consider when assessing new and existing outsourcing arrangements.
Episode 1: The Next Year in Payments Paul Harris & Olivia Murphy As payments and banking have moved online, authenticating the identity of customers has become a vital part of the fight against fraud. New PSD2 rules on strong customer authentication were intended to bolster security standards across the market but have effectively been delayed. Paul Harris and Olivia Murphy discuss the background to SCA and what the next year is likely to bring.
Episode 3: Real Estate Markets Across The Globe In this podcast we will focus in particular on the impact on landlords, tenants, borrowers and lenders, and the steps being taken by the German Government in the real estate context to address the issues they are currently facing.
Episode 2: Real Estate Markets Across The Globe This is part of a series given by Linklaters which looks at the practical implications of the Government’s proposed planning reforms in England, as set out in its 'Planning for the Future' white paper. Other articles in this series will address the proposed planning reforms as they evolve over time and following the end of the consultation on 29 October 2020.
