07/23/2021
KPMG criticised for ‘unacceptable’ bank audits by UK regulator
FRC says one-third of audits by top seven accounting firms fall short of standards
Legal, Regulation & Compliance
07/23/2021
Dentons advises Sociéte Générale, BNP Paribas and Crédit Agricole on debut ESG-linked Schuldschein placement for Agrial Group
Frankfurt-based partner Oliver Dreher led the German-French team
07/22/2021
FCA: Information for firms who use certain exemptions to the Financial Promotions Order
These exemptions will be restored by Government Statutory Instrument (SI).
07/22/2021
FCA charges Simon Day with one offence of money laundering
Mr Day is due to appear at Westminster Magistrates Court on 10 August 2021.
07/22/2021
Norton Rose Fulbright LLP and Save the Children launch global strategic partnership
Save the Children operates in more than 100 countries including the UK.
07/22/2021
Italy investigates Blackstone-owned LIA insurer over tax evasion allegations -sources
LIA said it always cooperated with authorities
07/22/2021
5 reasons money launderers won’t worry about EU crackdown
Dirty money could still haunt the bloc even after the announcement of a new anti-money laundering watchdog.
07/22/2021
Mismatch by Ben Broadbent, Deputy Governor Monetary Policy
Speech given by Ben Broadbent, Deputy Governor Monetary Policy
07/22/2021
FCA Consults on Post-Brexit Changes to PRIIPS Regulation
UK rules will diverge from the much-criticised EU framework.
07/22/2021
Financial Regulation: Daily Update
The European Banking Authority (EBA) has published a discussion paper (DP) seeking preliminary input on how to standardise the proportionality assessment methodology for credit institutions
07/21/2021
New EU AML rules will ensure full traceability of crypto transfers
The measures recognise the emerging challenges linked to technological innovation, with the crypto sector a particular focus for rule-makers.
07/21/2021
Separation and tax considerations in the UK
The new law is a long overdue acknowledgement that this process starts off on an unnecessarily hostile basis
07/21/2021
Remuneration: Correction to the definition of ‘higher paid material risk taker’
This PS is relevant to PRA-authorised banks, building societies, and PRA-designated investment firms.
07/21/2021
Isle of Man refreshes AML strategy
The Isle of Man has increasing success in this area
07/21/2021
Ashurst partner profit smashes £1m for first time since financial crisis
Global law firm Ashurst has announced its results for the financial year ended 30 April 2021.
07/21/2021
Beyond #MeToo: what next for regulatory investigations and employment law?
Our BCRI team review developments in the regulatory investigations space and consider the impact of #MeToo on current and future employment law and practice
07/21/2021
Increase in UK regulation of cryptoassets anticipated
As we improve our technology and capabilities, we will be able to identify and make better, faster judgements about harm.
07/21/2021
Financial Regulation: Daily Update
The work programme includes a data review and analysis which will take place over July to October
07/21/2021
The FCA and the Bank of England encourage market participants in a switch to RFRs in the LIBOR cross-currency swaps market from 21 September
This is to facilitate a further shift in market liquidity toward RFRs, bringing benefits for a wide range of users as they move away from LIBOR.
07/21/2021
FCA: Financial promotions quarterly data 2021 Q2
This data includes statistics about how we review and act on certain non-compliant financial promotions.