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26 April 2024
Issue: 8068 / Categories: Legal News , Procedure & practice , Environment , Regulatory , Fraud , Banking
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NLJ this week: Greenwashing, fraud reimbursement & de-banking—the latest for finance

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UK financial institutions face a complex regulatory landscape, whether it’s in relation to greenwashing, authorised push payments fraud or de-banking

In this week’s NLJ, Jeremy Richmond KC, Quadrant Chambers, and Michael Rhode, partner, and Alexander Emmott, associate, both Trowers & Hamlins, cover these three topics.

They provide an overview of incoming Financial Conduct Authority regulations on greenwashing and sustainability advertising, an update on developments in the law regarding authorised push payments fraud (APP fraud), and cover the latest developments in de-banking (de-risking).

The authors write: ‘Recent developments indicate we are likely to see a growing trend of greenwashing claims in the coming years.’ They cover the latest talking points and developments in all three areas, including a new reimbursement scheme for victims of APP fraud, and new rules to restrict the practice of de-risking. 

MOVERS & SHAKERS

NLJ Career Profile: Stephen Ward, The Barrister Group

NLJ Career Profile: Stephen Ward, The Barrister Group

From mowing lawns to life at the Bar: Stephen Ward reflects on an unconventional career

Clarke Willmott—Ben Loosemore

Clarke Willmott—Ben Loosemore

Commercial property partner joins Clarke Willmott in Southampton

Ellisons—Robert Tiffen

Ellisons—Robert Tiffen

Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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