05/18/2023
FCA secures £130,000 to return to investors
The FCA has recovered approximately £27,000 after Samuel Exall, Synergy’s Director, was ordered to sell assets.
Legal, Regulation & Compliance
05/18/2023
Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree - reports
Firmer foothold for wipeout contest
05/18/2023
EU and UK eye closer financial services regulatory cooperation with Brexit agreement
Memorandum of understanding
05/18/2023
France Issues Arrest Warrant Against Lebanese Central Bank Governor
Salame has reportedly called the arrest warrant a "violation of the law" that he would appeal.
05/18/2023
FCA has a 'once-in-a-generation opportunity' in SDR
Building a 'truly cohesive' framework
05/17/2023
How changes to drawdown rules in Malta impact clients
They will ‘bring more certainty to the industry going forward’
05/17/2023
Meeting the challenge in our changing global markets
An attempt to replace coins with paper currency was derailed after the then head of the Currency Bureau had his own face printed on the notes.
05/17/2023
UBS filed an amended Form F-4 registration statement with the SEC
The unaudited pro forma condensed combined financial information is presented for illustrative purposes only
05/17/2023
Federal Council approves Switzerland's contribution to International Monetary Fund's Resilience and Sustainability Trust
The RST enables IMF loans to be granted for macroeconomic reforms
05/17/2023
FCA report shows huge rise in people struggling with their bills
The FCA has been working to remind lenders of the necessity of supporting their customers
05/16/2023
ECB sanctions Goldman Sachs Bank Europe for misreporting capital needs
This occurred because the bank misclassified corporate exposures and applied a lower risk-weight to them than what banking rules prescribe.
05/16/2023
EU Weighs Easing Burden for Banks Dealing With Wealthy Clients
That means banks stand to boost fee income if transactions are facilitated.
05/16/2023
Aviva boss David Martin on empowering branches for brokers and delivering growth
It is a sign that we are empowering the local regions to make decisions
05/16/2023
Addleshaw Goddard: Financial Services & Banking News
Among other things, the report concludes that the PAD has, in general, helped to create transparency and comparability of payment account fees.
05/15/2023
Corfinancial implements CSDR compliance software at Man group
With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.
05/15/2023
FCA censures Lighthouse Advisory Services Limited for serious failings in relation to the British Steel Pension Scheme
Quilter provided very high levels of cooperation to the FCA during the investigation.
05/15/2023
Business can benefit from changing UK approach to data protection exemptions
Under the REUL Bill, Article 23 and Articles 9 and 10 of the UK GDPR will no longer take precedence.
05/12/2023
Financial Services & Banking News
The policy statement also contains the PRA’s final policy
05/12/2023
Australia-UK free trade agreement: Preparations for goods traders
These benefits will not be automatic—a claim for preferential tariff treatment will need to be made for every consignment, and will depend on the goods satisfying the relevant rules of origin for the A-UKFTA.
05/12/2023
Stephenson Harwood advises Liberum on Castelnau's £56.6m placing
This transaction will significantly increase Castelnau's market cap and provide investors with exposure to Dignity as a private company.