04/29/2022
The only exception to the prohibition on the asset freeze and to allow a Territory person to deal with the frozen funds or economic recourses would be to apply to the competent authority of the United Kingdom Overseas Territories for a financial sanctions
04/29/2022
In addition, formal guidance from the regulatory authorities on the meaning and practical application of the sanctions is either not issued, is not comprehensive or is issued weeks after the law came into force.
04/29/2022
The Competition and Markets Authority (CMA) has published its Annual Concurrency Report.
04/29/2022
In this update we provide an overview of this and other guidance and proposals issued on this topic as highlighted in the timelines on the right-hand side of these pages.
04/28/2022
With that goal in mind, in the ever-complex area of counterparty credit risk exposure modeling, both BIS and local regulators have in recent years published reports and run programs with consistency as the main focus.
04/28/2022
FCA and Jersey regulator give deal their respective nods of approval
04/28/2022
Financial Conducts Authority payments policy manager Helen Oger-Zaher and Open Banking Implementation Entity head of policy Alan Ainsworth joined the stage to represent the regulators
04/28/2022
This latest suite of proposals explores some of the same concepts from those papers in the specific context of outsourcing arrangements and FMIs’ engagement of other third parties.”
04/28/2022
This statement provides an update from the PRA, coinciding with the consultation published by HM Treasury on the Solvency II Review.
04/28/2022
The new draft law does not define ‘unfriendly measures', but Pinsent Masons said it would likely be applied to the list of ‘unfriendly' states defined in a 5 March 2022 decree.
04/28/2022
Regulator summons bank chiefs to meeting over KBC and Ulster Bank account transfers
04/28/2022
Given the need to manage these risks, the government intends to provide the Bank of England (BoE) with powers to oversee the wholesale cash distribution system
04/28/2022
David Bailey talks about the work we do with UK banks and building societies to strengthen their resilience to any disruptions to their operations.
04/27/2022
First AML automates the highly manual Anti-Money Laundering (AML) Customer Due Diligence/Know Your Customer (CDD/KYC) process.
04/27/2022
Once completed, the checker will send you a brief report summarising the results and offer you a complimentary follow up call with Mishcon de Reya or Taylor Vinters to discuss any next steps required.
04/27/2022
The FCA has confirmed that, following the conclusion of a successful pilot, it will expand its Early and High Growth Oversight approach to provide 'closer support' for newly authorised businesses by the end of 2023.
04/27/2022
To be more rigorous on firms seeking approval to operate in our markets, to tailor our rules to better suit our global markets and play a leadership role in supporting the market-led transition to a more sustainable economy.
04/27/2022
The FSCS also declared West-Yorkshire based firm Keywood Olley & Associates, trading as North East Mortgages and EMH Financial Planning, in default on April 5.
04/27/2022
They were arrested on Thursday 28 October 2021 by officers from the States of Jersey Police Joint Financial Crime Unit along with assistance from the Jersey Customs and Immigration Service.
04/27/2022
These measures are part of €1 billion of activity that the EBRD intends to undertake this year in Ukraine, in cooperation with donors and other partners.