06/22/2021
Successful transactions of securities with Central Bank Digital Currency
Banque de France successfully used Central Bank Digital Currency in a test environment
Legal, Regulation & Compliance
06/22/2021
Brexit: less than 10 days to request a new residency permit
Tick Tock! Reminder to British Citizens Living in Luxembourg: Less than 10 days remaining to request a new residency permit before 30 June 2021
06/22/2021
Financial investigation powers handed to raft of UK authorities
The legislation allows financial investigators to discharge powers which are normally granted to law enforcement officials such as police officers, Pinsent Masons said in a briefing note on 18 June.
06/22/2021
English High Court rules on scope of its power to determine jurisdiction of arbitral tribunals
The defendant chartered a ship from the claimant on a standard form.
06/22/2021
Third of advisers want to see advice allowance increased
The rules operate slightly differently to the pensions advice allowance.
06/22/2021
Carey Olsen advises FSN Capital on latest mid-market fund launch
The fund, which was oversubscribed and closed above its original hard cap, will continue FSN Capital's proven investment strategy of targeting control buyout investments of mid-sized companies in Northern Europe.
06/21/2021
EU/US: Cross-border data flows - a necessary part of global trade
Cross-border data transfers have been beneficial to consumer welfare, by giving access to a wider range of goods and services at a lower cost.
06/21/2021
Data regulation replaces tax rate as top investment factor, survey finds
Regulatory regime biggest driver for firms seeking to make data-related investments in EU
06/20/2021
Macron exploits UK Covid restrictions to lure top bankers to Paris in Brexit revenge
Under current restrictions, passengers are required to quarantine for 10 days when travelling from amber list countries such as the US, France and Germany.
06/20/2021
Mr Boom quits the Bank of England warning about the ‘beast of inflation’
Andy Haldane, Threadneedle Street’s free-thinking chief economist, is bowing out after 32 years in central banking
06/20/2021
How will the Bank of England react to the return of inflation?
Market Questions is the FT’s guide to the week ahead
06/18/2021
Ruling confirms possibility of parallel GDPR investigations
Amsterdam-based Wouter Seinen of Pinsent Masons, the law firm behind Out-Law, said: “This ruling erodes the ‘one stop shop’ mechanism significantly as it means the one stop shop does not absolutely protect multinational companies against
06/18/2021
EU legislators reach political agreement on CBCR
The provisionally agreed text will be submitted to the relevant bodies of the EU Council and the EU Parliament for political endorsement and then the EU Council will adopt its position at first reading.
06/18/2021
Bird & Bird becomes pro-bono partner of FEDORA to support sustainability, equality and digital transformation in performing arts
FEDORA is a non-profit organisation at the forefront of cultural and artistic creation and philanthropy, with 96 member organisations in 26 countries.
06/18/2021
The dawn of a new wave of internal models for Solvency II
This process has dramatically accelerated in the last few months, as we witness a new wave of simulation-based economic capital implementations, particularly in those countries where the first wave left out a few significant players.
06/18/2021
British Steel Active Wealth IFA banned for 13 years
These were high risk and described as ‘relatively illiquid’ and ‘unregulated’.
06/17/2021
Waystone Creates Global Compliance Offering
Leader in fund governance and compliance solutions creates new, global business
06/17/2021
New Escrow Arrangement Requests
The use of Escrow accounts continues to grow in the UK. We asked our team in Manchester what sort of requests they are seeing and below is a handful of examples of where ZEDRA’s Escrow Arrangements have been required.
06/17/2021
Greek lawmakers pass labour reform amid protests, strike
The bill passed by 158 votes in the 300-seat parliament after lengthy debate in which all opposition parties blasted it.
06/17/2021
The FCA and the Bank of England encourage market participants in a switch to SOFR in US dollar interest rate swap markets from 26 July
LIBOR swaps would therefore be priced by reference to SOFR swaps adjusted by the LIBOR-SOFR basis.