According to Deloitte’s 2016 banking industry outlook, several aspects of the global banking sector have been experiencing, and are set to experience, serious existential threats. As change is spurred across the globe, uncertainty surrounding the future of the banking sector is rife, and questions are arising about the next decade of banking. Here to give […]
Responses from over 600 participants from 180 sectors revealed that almost 50% fear the biggest risk post-Brexit is added costs through duties or taxes, followed by customers and suppliers having a potential negative view of the UK (19%) and exchange rate issues (18%). The Institute of Export (IOE) - the only professional body in the […]
New research from the Federation of Small Businesses (FSB) suggests half (52%) of small firms have been stung by unfair contract terms with suppliers, costing nearly £4 billion in the last three years. Suppliers are failing to make auto-rollover clauses clear up front (24%), tying businesses into lengthy notice periods (22%), charging high early termination […]
Solicitor Peter Watson-Lee, the Head of the Specialist Family Law Department at Williams Thompson Solicitors LLP in Christchurch, Dorset, has co-authored two influential legal guides. The national guides, which are the first official guides of their kind, have addressed the inconsistencies and a lack of knowledge surrounding the division of finances following divorce. As the […]
The UK Government's Digital Economy Bill, which is set to revamp current copyright legislation and was introduced in Parliament last week and now clear of its First Reading, has been welcomed by the Federation Against Software Theft. Julian Heathcote Hobbins, General Counsel, FAST, stated: “One of the most important changes outlined in this Bill from […]
The average number of new tax cases sent to the Court of Justice of the European Union (CJEU) has risen by a fifth since the credit crunch, as more businesses and other taxpayers use the court to challenge the actions of national tax authorities, says Pinsent Masons, the international law firm. Pinsent Masons says that […]
The Bank Mellat Iranian sanctions litigation, which has been through both the UK Supreme Court and the European Union Court of Justice, is now going back to the High Court to deal with the damages claim. The claim is for $4 billion; the largest claim made against HM Treasury, and is slated to begin in […]
New regulatory requirements under the fourth EU Money Laundering Directive (MLD4) will encompass more sectors than ever before. Regardless of the UK’s EU membership, any company providing financial services in the EU will need to comply. John Marsden, Head of ID and Fraud at Equifax, comments on the importance of these new rules and how […]
"The surprising Brexit results, coming after recent polls indicated that a majority of UK citizens were in favour of remaining in the European Community, will now likely create several headwinds for US banks. We now see a further decline in long-term US interest rates, a stronger US Dollar, and low probability that the Fed will […]
The vote for Brexit is, we believe, likely to reinforce a recent loss of momentum in parts of the UK economy. We believe the result of the referendum will hit consumer and business confidence, at least in the short term. Business investment, already fragile, will be hurt, and so will credit growth. Capital outflows are […]
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