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  1. Legal news
    29 March 2019
    Brexit: "Brexit Decree" and Bank of Italy's requirements for UK and Italian financial institutions
    www.twobirds.com/en/news/articles/2019/uk/brexit-decree-and-bank-of-italls-requirements-for

    As decided by the European Council on March 21st, if the British Parliament will approve by March 29th the agreement of withdrawal agreed by the UK government with the European Union, the exit of the United Kingdom from ...

  2. Legal news
    24 September 2020
    Cross-border: Is business interruption as a result of COVID-19 insured? An important ruling in the UK and the state of affairs in other countries
    www.twobirds.com/en/news/articles/2020/uk/is-business-interruption-as-a-result-of-covid-19-insured

    Since the outbreak of the coronavirus pandemic, many companies around the world have been closed or have been forced to cut production dramatically. In the UK in particular, the question has arisen as to whether ...

  3. Legal news
    15 December 2020
    UK Government consultation on a new insolvency regime for UK-authorised payment institutions and electronic money institutions
    www.twobirds.com/en/news/articles/2020/uk/uk-government-consultation-on-a-new-insolvency-regime-for-uk-authorised-payment-institutions

    On 3 December 2020, the UK Government (HM Treasury) issued a consultation paper (the Consultation) setting out a proposal to implement a new “special administration regime” (the SAR) which it is proposed would apply to ...

  4. Legal news
    15 July 2020
    UK: FCA issues new temporary guidance and instructions to payment institutions and electronic money issuers in context of coronavirus pandemic
    www.twobirds.com/en/news/articles/2020/uk/fca-issues-new-temporary-guidance-and

    On 9 July 2020, the UK Financial Conduct Authority (FCA) published a 'Dear CEO' letter (the "Letter") addressed to Authorised Payment Institutions and E-money Institutions ("Firms") highlighting 6 key areas where it has ...

  5. Legal news
    28 May 2020
    COVID-19: FCA Consults On Safeguarding Guidance For PSPs And EMIs
    www.twobirds.com/en/news/articles/2020/uk/covid-19--fca-consults-on-safeguarding-guidance-for-psps-and-emis

    Prompted by the COVID-19 crisis, the FCA is consulting on temporary guidance which will apply to payment service providers (PSPs) and electronic money institutions (EMIs). While the proposed guidance focuses on ...

  6. Legal news
    09 December 2020
    Preparing for the phase out of LIBOR – action required
    www.twobirds.com/en/news/articles/2020/uk/preparing-for-the-phase-out-of-libor-action-required

    For the past couple of years UK businesses have been receiving prompts and reminders about the need to prepare for the phase out of LIBOR and the transition to risk-free rates.

  7. Legal news
    22 October 2020
    Brexit and Project Finance Q&A
    www.twobirds.com/en/news/articles/2020/uk/brexit-and-project-finance-q-and-a

    Conrad Purcell, Partner at Bird & Bird, looks at some of the implications of Brexit for project finance markets.

  8. Legal news
    29 March 2021
    The UK’s Payment Systems Regulator has published its Annual Plan and Budget for 2021/22
    www.twobirds.com/en/news/articles/2021/uk/the-uk-payment-systems-regulator-has-published-its-annual-plan-and-budget-for-2021-22

    On 24 March 2021, the PSR published its Annual Plan and Budget for the forthcoming year, outlining its plans to improve outcomes in payments now, but also in the future. The PSR is the first economic regulator to ...