04/20/2022
Banks to find out if more workers must move to EU
It is understood the central bank has finished its assessments and is preparing to give its feedback to banks privately in the coming weeks — in some cases, before the end of the month.
Legal, Regulation & Compliance
04/20/2022
FCA finalises proposals to boost disclosure of diversity on listed company boards and executive committees
The rules will apply to listed companies for financial accounting periods starting from 1 April 2022.
04/20/2022
PS22/3: Diversity and inclusion on company boards and executive management
Setting targets on a ‘comply or explain’ basis for the representation of women and people from a minority ethnic background is designed to be a positive reporting benchmark to encourage progress.
04/19/2022
Liverpool council hits back at claim developers have 'given up on the city' - and vows new approach to attracting investment
Council says quality of development in city has not been good enough and that plan is essential
04/19/2022
New laws set to be introduced to protect family’s cash held in shoppers’ savings clubs
The new laws will mean savings clubs must safeguard shoppers’ savings by using insurance or trusts
04/19/2022
The unintended consequence of broad-based economic sanctions
In truth, the new sanctions legislation shackles ‘Global Britain’ by deterring investment from our shores.
04/19/2022
Mayer Brown advises Barclays Bank
A separate Mayer Brown team also advised Aurelius on the acquisition of McKesson Corporation’s UK business.
04/19/2022
Herbert Smith Freehills Financial Regulation: Daily Update
The report informed the FATF’s Strategic Review, which aims to make the next cycle of FATF assessments more timely, risk-based and effective.
04/18/2022
Government plans new laws to protect Britons who use savings clubs
Move comes 16 years after collapse of Christmas savings club Farepak, which left thousands unable to access cash
04/18/2022
Policymakers right to be worried as UK housing boom shows no sign of waning
But situation needs looking at in global context because it is not a story of British exceptionalism
04/14/2022
US-Spain cooperation leads to seizure of Russian yacht
US attorney general Merrick B. Garland said the case was the first seizure of a Russia-linked sanctioned individual’s assets and promised that it would “not be the last”.
04/14/2022
London law firms to merge
The merger will bring together each firms’ complementary expertise to create a full service law firm.
04/14/2022
EU wants businesses to provide better product sustainability information
Under the proposed new rules manufacturers and retailers would have to inform consumers about the guaranteed lifetime of goods.
04/14/2022
Irish funds may have to revisit taxonomy disclosures over updated guidance from ESAs
“As the initial taxonomy regulation disclosures were being prepared, the ESAs suggested that they favoured a 0% taxonomy-alignment disclosure,”
04/14/2022
Financial firms can expect more scrutiny of outsourcing arrangements
Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g
04/14/2022
Dutch bank ABN Amro apologizes for historic involvement in slavery
The lender asked independent researchers in 2020 to investigate its own past
04/14/2022
Jersey freezes $7bn of Roman Abramovich's assets
The Royal Court also imposed a formal freezing order on 12 April
04/13/2022
Herbert Smith Freehills: Financial Regulation: Daily Update
The guidelines aim to enhance clarity and foster convergence in the application of certain aspects of the appropriateness and execution-only requirements.
04/13/2022
FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes
Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports.
04/13/2022
Highvern Ireland receives TCSP authorisation
This is a great opportunity to build upon what we already offer at Highvern, and to further cement our reputation for service delivery excellence, focussing on forging long-term client relationships.