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NLJ this week: Greenwashing, fraud reimbursement & de-banking—the latest for finance

26 April 2024
Issue: 8068 / Categories: Legal News , Procedure & practice , Environment , Regulatory , Fraud , Banking
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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

Clarke Willmott—Declan Goodwin & Elinor Owen

Clarke Willmott—Declan Goodwin & Elinor Owen

Corporate and commercial teams in Cardiff boosted by dual partner hire

Hill Dickinson—Joz Coetzer & Marc Naidoo

Hill Dickinson—Joz Coetzer & Marc Naidoo

London hires to lead UK launch of international finance team

Switalskis—11 promotions

Switalskis—11 promotions

Firm marks start of year with firmwide promotions round

NEWS
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The next generation is inheriting more than assets—it is inheriting complexity. Writing in NLJ this week, experts from Penningtons Manches Cooper chart how global mobility, blended families and evolving values are reshaping private wealth advice
Artificial intelligence (AI) is rapidly transforming sport, from recruitment and training to officiating and fan engagement. Writing in NLJ this week, Professor Dr Ian Blackshaw of Valloni Attorneys at Law explains how AI now influences everything from injury prevention to tactical decisions, with clubs using tools such as ‘TacticAI’ to gain competitive edges
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
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