12/06/2024
Charting new territory: How England’s digital assets framework can guide Cayman Islands law
This article will examine how these developments can assist Cayman’s legal framework and market opportunities.
Legal, Regulation & Compliance
12/05/2024
The Future of Sanctions Compliance in European Banking
As a result, even small FIs are hiring more and more personnel, purchasing technology, and increasing their legal capabilities to avoid running afoul of sanctions restrictions.
12/05/2024
The FCA sets out next steps for establishing a bond consolidated tape
A bond CT collates data on transactions, such as prices and volumes, bringing together data on trades executed on trading venues as well as those arranged over-the-counter.
12/04/2024
Did UBS harass two whistleblowers?
Forissier accuses his former employer of harassing him and a former marketing manager after the two uncovered the bank's efforts to help wealthy French people evade taxes.
12/04/2024
EU Parliament approves new EU Commissioners – But tax role is split
The priorities of the new Commissioners will impact the tax agenda and overall business activity within the European Union.
12/04/2024
What makes Ireland a leading centre for securitisation and SPVs?
Policymakers in Europe recognise securitisation as a powerful lever for mobilising private capital
12/03/2024
The SWES: using system-wide scenario analysis to spot systemic risks − speech by Lee Foulger
He concludes with the importance of taking a system-wide lens when assessing risks to financial stability, in order to spot potential vulnerabilities that sector-specific exercises alone cannot identify.
12/03/2024
FCA direction to modify the UK’s derivatives trading obligation
The DTO is a G20 commitment to improve over-the-counter derivatives markets.
12/02/2024
EBA finds Hungarian waiver for covered bonds justified
This would result in no Hungarian bank being eligible to act as derivative counterparty and, therefore, the partial waiver is adequately justified.
12/02/2024
The 25th anniversary of the Euro50 Group: looking ahead to the 50th anniversary
Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the 25th Anniversary of the Euro50 Group event at the Banque de France
12/02/2024
Schroders to adopt SDR labels for 10 funds
As part of today’s announcement, the Schroder Sustainable Bond Fund will become one of the first bond funds to announce plans to adopt an SDR label.
11/29/2024
HM Treasury's call for evidence on the Financial Services Growth and Competitiveness Strategy
The Strategy is a key component of the UK’s modern industrial strategy, Invest 2035, which identifies financial services as one of eight growth-driving sectors.
11/29/2024
FCA seeks further views on enforcement transparency proposals
The further consultation also aims to assist ongoing parliamentary scrutiny, including by the Commons’ Treasury and Lords’ Financial Services Regulation Committees.
11/29/2024
Bank Lombard Odier and a former employee charged with serious money laundering at the Federal Criminal Court
The investigation phase was concluded with the filing of the indictment with the Federal Criminal Court.
11/29/2024
UK SIPP provider Intelligent Money declared in default
During initial investigations the FSCS obtained key documents relating to a specific cohort of claims
11/28/2024
FCA fines former airline executive for trading during closed periods and for trade disclosure failures
It was found that Mr Sebők traded Wizz Air shares in the restricted 30-day period leading up to the firm’s financial results announcements.
11/28/2024
The FCA launches consultation to streamline rulebook
Following the Treasury’s announcement to lift requirements from legislation into the FCA’s rulebook, this consultation sets out our proposals for transferring the rules without policy changes.
11/28/2024
Macquarie Group statement on FCA’s Final Notice
The unauthorised trading was isolated to one individual.
11/28/2024
Fintech hiring compensates for declining demand among banks for risk and compliance roles
The UK job market for risk and compliance roles is undergoing a significant transformation, with the fintech sector leading the charge.
11/27/2024
Regulation and profitability forcing advisers to offboard clients
The main reasons advisers give for offboarding clients are that the clients’ needs have changed, they no longer require advice or they do not meet requirements for providing ongoing services.