01/23/2024
Adepa agrees to acquire Fidupar pending regulatory approval
The acquisition will open opportunities in new markets for Adepa, such as France and Belgium, noted the announcement.
Legal, Regulation & Compliance
01/23/2024
Individual charged with fraud over unauthorised investment scheme
He falsified documents in order to support some of his claims.
01/23/2024
CP2/24 – Solvent exit planning for insurers
Consultation paper 2/24
01/22/2024
Navigating tomorrow - Risk Management, Compliance and Financial Resilience
The top risks firms are most focussed on are ESG, regulatory change and market uncertainty.
01/22/2024
Dutch activists sue ING: "Climate crisis banker" funds firms "that endanger our future"
ING reported in 2022 that it is responsible for the emissions of more than 61 million metric tons of greenhouse gases.
01/22/2024
How EU’s latest AML laws impact HNWIs and property ownership
Renowned for their substantial wealth, these individuals now find themselves under intensified scrutiny.
01/22/2024
FCA manager loses legal battle to work from home
Elizabeth Wilson, a £140,000-a-year senior manager, loses her appeal to work from home on a full-time basis at a Croydon employment tribunal.
01/19/2024
Regulated firms failing to adopt open banking or verify source of funds manually
These concerning figures are from a 2023 SmartSearch survey of 501 compliance decision-makers across regulated firms in accountancy, property, finance and legal services.
01/19/2024
Addleshaw Goddard: Financial Services & Banking News
The Government has also published explanatory notes accompanying the Bill.
01/19/2024
Chancellor in Davos to champion British excellence in tech
Jeremy Hunt champions British science and tech in first visit to the World Economic Forum’s Annual Meeting in Davos, Switzerland from a UK Chancellor since 2019
01/18/2024
BSPS payments hit £73mn as another advice firm defaults
The FSCS has so far paid £73mn in compensation to BSPS clients, against total losses of more than £106mn.
01/16/2024
Bank of England may crack down on funded reinsurance
Higher interest rates in Britain have made it cheaper for corporate pension schemes to buy insurance, enabling companies to move pension risk off their balance sheets.
01/16/2024
Enforcement Factsheet: A Compilation of Regulatory Actions – 2021/2022
Case studies are also included, providing subject persons with practical examples which should help in their day to day operations in combatting ML/FT.
01/15/2024
Banks remain robust but higher interest rates could impact their asset quality, the EBA finds
Banks expect the asset quality to deteriorate as higher interest rates affect borrowers.
01/15/2024
FCA to undertake work in the motor finance market
There have been a high number of complaints from customers to motor finance firms claiming compensation for commission arrangements prior to the ban.
01/15/2024
ESMA explores risk exposures to real estate in EU securities markets and investment funds
In the study, ESMA provides details of the evolution of this sector over the past five years.
01/15/2024
Six arrested over planned London Stock Exchange disruption
Six pro-Palestinian activists were arrested on Sunday
01/12/2024
UK Treasury plans reforms to manage small bank failures after SVB collapse
Enhancements to resolution regime
01/12/2024
CISI approves GSB Capital Limited as first ever international firm to achieve CISI Chartered FirmTM status
Achieving CISI Chartered FirmTM allows consumers to identify these firms as adhering to the highest standards of professionalism, thus enhancing trust and confidence.
01/12/2024
Spanish watchdog investigates Deutsche Bank over client advice
Spain's CNMV market supervisor said its move was based on facts that had also been determined by internal investigations carried out by Deutsche Bank.