09/28/2020
Vatican Scandal's Trail to Credit Suisse
The investment is under financial investigation.
Legal, Regulation & Compliance
09/28/2020
ESMA Published Draft Rules for Third-Country Firms Under New MiFIR and MiFID II Regimes
These changes include new reporting requirements for third-country firms to ESMA on an annual basis, and include the possibility for ESMA to ask third-country firms to provide data relating to all orders and transactions in the EU.
09/28/2020
Odey ‘launched himself’ at female junior banker, court hears
Crispin Odey, charged with sexual assault, today formally entered his 'not guilty' plea at Westminster Magistrates Court
09/28/2020
Managing the evolving compliance landscape facing multinationals
We take a closer look at the findings of the Global Business Complexity Index 2020
09/27/2020
FCA APM 2020
The FCA has updated its statements on key workers in financial services and on work-related travel and responsibilities of Senior Managers.
09/27/2020
Chinese investors, beware: EU vows to take aim at ‘golden visas’ programmes
Such passports, which some countries issue in return for investments, are popular because they provide freedom of movement among all EU nations
09/27/2020
New details emerge about Cardinal Becciu’s management of Vatican finances
Becciu himself denied any guilt
09/25/2020
UK financial planning firm enters liquidation
As its liabilities to unsecured creditors surpassed £300,000
09/25/2020
How the FinCen Papers provide an opportunity to improve the Suspicious Activity Report (SARs) regime
Buzzfeed has had these SARs for over a year.
09/25/2020
Former Cambridge Analytica boss banned from running companies
Cambridge Analytica became infamous after it emerged the company had improperly gained access to the sensitive user information of as many as 87 million Facebook users without their knowledge or permission.
09/25/2020
The EU announces its first ever plan to regulate cryptocurrencies
The legislative process will take time, at least a year.
09/25/2020
Ogier in Jersey advises Medicxi on close of €200 million fund
MS1 has committed to fund and accelerate the portfolio’s development plans through to the next stages of value creation.
09/25/2020
Julius Baer must pay around 150 mln sfr to Germany - court rules
The matter is related to unauthorised withdrawals between 1990 and 1992 from a Cantrade account of a foreign trade company established in East Germany.
09/25/2020
FCA: Criminal proceedings brought against three individuals
The pilots will operate for the first six months of 2021 and will report back their findings in the summer of 2021.
09/24/2020
English High Court confirms that communications with foreign lawyers (including "in-house" lawyers) can attract privilege
The High Court's most recent judgment in this action concerns an interim application issued by the Second Defendant concerning disclosure given by Tatneft in the underlying action.
09/24/2020
UK Information Commissioner's Office publishes guidance on artificial intelligence and data protection
The guidance offers a framework for how businesses can assess and mitigate these risks from a data protection perspective.
09/24/2020
First firms to begin move to new data collection platform, RegData
Firm feedback identified areas for improvements which we factored in when building the first iteration of RegData.
09/24/2020
FCA consultation on approach to international firms
Firms will continue to be moved to RegData in the coming months according to the moving date specified in direct emails from Gabriel.
09/24/2020
Ireland Update – Data Protection Commission issues Guidance on Cookies
The purpose of this examination was to determine how, and whether, organisations are complying with the law in this area.
09/24/2020
Mayer Brown advises Novartis on ground-breaking sustainability-linked bond offering
The transaction further marks only the second-ever sustainability-linked bond offering since the publication by the International Capital Markets Association (ICMA) of its Sustainability-Linked Bond Principles in June 2020.