By Rob Moulton, Nicola Higgs, Anne Mainwaring, Becky Critchley, and Anna Lewis-Martinez

The latest edition of our Private Bank Briefing provides a roundup of legal and compliance issues impacting private banks and their clients from Q1 2021.

In this edition, we cover some of the key regulatory announcements relating to MiFID II and the impact of COVID-19, the latest on Brexit, the FCA’s announcement on the dates for cessation of LIBOR benchmark settings, and the FCA’s guidance for firms on the fair treatment of vulnerable customers. We feature an update on the UK and EU’s sustainable finance agendas, and the FCA’s aims regarding diversity, as well as other key updates for private banks from the last three months.

We also include our regular features — TechTrends, Lessons from Enforcement, and Global Insights. This edition’s TechTrends provides a useful overview of the Woolard Review and the regulation of buy-now-pay-later products.

View the full briefing.

Previous editions of Private Bank Briefing are also available.