08/04/2021
Financial Regulation: Daily Update
The FCA notes that the Court of Appeal's ruling, 'opens the way for the order to be enforced by the FCA.'
Legal, Regulation & Compliance
08/03/2021
EU money laundering ban on cash deals over €10,000
Ms McGuinness said the focus must now go on things like car purchases, jewellery, antiques and even more unusual items like funeral charges.
08/03/2021
Lawrence Stephens Completes £2m Bridging Loan on Prime London Apartment
This complex transaction involved input from various legal experts
08/03/2021
Banks battle to add SLBs to funding
But even tweaked structures appear unlikely to feature on deeply subordinated bank capital instruments, whereas the outlook for green or social junior debt is more positive.
08/03/2021
The regulation of competition in UK digital markets is changing
The government is proposing to place the work of the DMU on a statutory footing and its consultation considers the powers the body should have when carrying out its functions.
08/03/2021
Monte dei Paschi capital would be wiped out by slump, EU bank stress test shows
The EBA tested the resilience of 50 top lenders to economic shocks, though there is no formal pass or fail mark.
08/03/2021
Financial Regulation: Daily Update
Regulators and supervisors' assessment should be guided by the need to preserve the standards of consumer protection and data protection
08/03/2021
Consumer warning on Cavendish Incorporated Limited
In general, a business does not have to be regulated by the FCA to raise funds by issuing shares or debt securities (such as bonds or loan notes).
08/02/2021
Weaponising the risk against financial crime
This approach is equally important, and most probably even more essential, for banks to be successful in the war against financial crime.
08/02/2021
FCA obtains High Court Order to remove hundreds of HM Land Registry charges, notices and restrictions registered against consumers’ properties by illegal money lender
This application is the latest in several legal proceedings commenced by the FCA against Mr Gopee arising out of his illegal money lending activities.
08/02/2021
EBA publishes the results of its 2021 EU-wide stress test
Against this background, under the adverse scenario, the EU banking system as a whole would see its CET1 reduced by 485 bps on a fully loaded basis (497 bps on a transitional basis) after three years
08/02/2021
Leading firm globally in latest Chambers High-Net-Worth guide
Withers is one of relatively few global private wealth practices, with well-regarded teams in London, the US and Asian markets as well as a strong group in Switzerland.
08/02/2021
Data on Maltese nationals’ Dubai offshore holdings given to police
Dubai List has information on around 20 Maltese nationals’ offshore holdings
08/02/2021
Mishcon de Reya and former partner face prosecution by solicitors regulator
Prestigious London law firm known for its elite clientele including top football clubs ‘has case to answer’
08/02/2021
FCA Consumer Duty must also have clarity for firms
PIMFA is also urging the Regulator to give due consideration to the broader regulatory architecture and how its proposals may interfere inadvertently with business models
08/02/2021
Regulatory sandbox
The sandbox is for authorised firms, unauthorised firms that require authorisation, and technology businesses that are looking to deliver innovation in the UK financial services market.
08/02/2021
Financial Regulatory Daily Update
The EC has asked ESMA to provide advice on a number of areas
08/01/2021
French Law Commission recommends revamp of anti-corruption laws
This was because HATVP is independent from the executive and has more budgetary and functional autonomy than the AFA.
08/01/2021
German court rules on the right to access under the GDPR
This means that it includes internal documents and correspondence with or about this person.
08/01/2021
HMRC identifies AML risks facing the art market
The global art market is valued at more than £50 billion, with an estimated £2.3 billion of this per year linked to financial crime.