02/09/2021
Eurodad reaction to today's OpenLux revelations
The OpenLux investigation shows us two things. Firstly, transparency works, and secondly, that we have a long way to go before the EU can declare itself free of tax havens.
Legal, Regulation & Compliance
02/09/2021
PIMFA calls on Government to include economic harm in Online Safety Bill as members report rise in increasingly sophisticated online scams
PIMFA and its members believe that, such is the extent of fraud, the only solution is to enshrine in law additional consumer protections that would tackle the growing threat from online fraudsters.
02/09/2021
PRA statement on supervisory benchmarking exercise relating to capital internal models
This Prudential Regulation Authority statement addresses the 2021 supervisory benchmarking exercise for capital internal models, relevant to credit institutions in scope of the reporting requirements.
02/09/2021
Exclusive-Angola moves to seize Dos Santos-linked asset in Dutch court
Dos Santos briefly ran state oil company Sonangol from 2016 until 2017, when her father’s four-decade rule ended.
02/09/2021
Ex-Banker Put on Interpol Most Wanted List in Cum-Ex Probe
Germany launches public search for New Zealander Paul Mora
02/09/2021
Cross Border Insolvency in the Backdrop of Brexit
Following private international law principles, officeholders appointed by a national court in which a company is incorporated will be recognised by both the Guernsey and Jersey courts.
02/08/2021
CS Victims Laud Fraud Report Findings And Demand Credit Suisse Return Client Funds
Irregularities included not providing information to clients, executing transactions without client confirmation and ignoring internal controls.
02/08/2021
Warrant served on UK law firm over alleged 1MDB assets
US says $330m held in Clyde & Co escrow account in London is linked to Malaysian fraud scandal
02/08/2021
Banks set for clash with UK regulator over ringfencing rules
Industry wants an easing of the post-crisis restrictions that keep retail and investment operations apart
02/08/2021
Plans to set up financial crime agency are scrapped
Finance Ministry says current work is 'sufficient'
02/08/2021
Carey Olsen confirmed as leading offshore law firm to LSE listed clients for 15th consecutive year
The firm's total of 91 LSE clients is more than double the number of clients advised by the next nearest offshore law firm.
02/08/2021
Walkers Advises Blackstone as Lender on UK Logistics Portfolio Acquisition Finance
The Walkers team comprised group partner Jon Le Rossignol, senior counsel Julia Keppe and associate Lisa Ellefsen.
02/07/2021
Modern challenges for the modern central bank: perspectives from the Bank of England - speech by Andrew Bailey
He then talks about how central banks can act, whilst maintaining their reputation for independence.
02/07/2021
Financial Regulation Update
Firms should however submit FIN-A on time if they are able to do so, and in any event should submit it as soon as they are reasonably able to and no later than 30 September 2021.
02/05/2021
UK directors to face fines in major overhaul of audit rules
PwC, Deloitte, KPMG and EY will all be made to break up their businesses under powers granted to new regulator the Audit, Reporting and Governance Authority (ARGA), Sky News reported.
02/05/2021
The three European Supervisory Authorities publish Final Report and draft RTS on disclosures under SFDR
The ESAs have updated the list of indicators for principal adverse impacts.
02/05/2021
Further commentary on the new EU-UK Trade and Cooperation Agreement
Note that the landing page of our Beyond Brexit Legal Guide is being updated so that the relevant sections also have links to relevant updates from our Beyond Brexit blog.
02/05/2021
European Supervisory Authorities publish Final Report and draft RTS on sustainability disclosures
The ESAs plan to issue a public supervisory statement before the application date of SFDR in order to achieve an effective and consistent application of the SFDR’s requirements and consistent national supervision of the SFDR.
02/05/2021
EU consults on digital levy
The new levy is not intended to interfere with the ongoing work at the G20 and Organisation for Economic-Cooperation and Development (OECD) level on a reform of the international corporate tax framework, according to the Commission.
02/05/2021
Financial Regulation: Daily Update
The consultation paper also seeks view on the UK's intended approach to implementation of certain areas of the Basel 3 standards, and on the scope of application of the resolution regime for FCA-regulated investment firms where HMT is not devolving r