Bank Notes Winter 2016 Edition

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Bank Notes Winter 2016

Bank Notes Winter 2016 Edition

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December 6, 2016

Welcome to the Winter 2016 edition of Bank Notes. Please use the links below to read the articles:

Security over financial collateral – the CJEU considers the "possession or control" test
How PSD2 will affect banks and their payment services terms
The Senior Managers Regime – is responsibility for a bank's legal function in or out?

Showing 1 - 2 of Total Results (2)

Security over financial collateral – the CJEU considers the "possession or control" test

December 6, 2016

The Court of Justice of the European Union has given a preliminary ruling on when a security holder has "possession or…control" of financial collateral for the purposes of Directive 2002/47 on financial collateral arrangements.

The Senior Managers Regime – is responsibility for a bank's legal function in or out?

December 6, 2016

On 7 March 2016, the FCA and PRA's new Senior Managers Regime (SMR) came into force for banks following a lengthy and extensive consultation. In this article we analyse DP16/4, the paper published by the FCA on 28 September 2016 setting out the pros and cons of including banks' legal function within the scope of the SMR.