08/14/2020
Exceeding borrowing costs” correspond to the amount by which the deductible “borrowing costs” of a taxpayer exceed the amount of taxable “interest revenues and other economically equivalent taxable revenues”.
08/14/2020
For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.
08/14/2020
CEO Christian Bjørløw tells about how the new name and visual identity were created and how Trusted Novus Bank has handled the transition so far.
08/14/2020
Feedback is requested by 12 November 2020.
08/14/2020
Mr Harries said he believed the regulator would also move to focus on charging structures as this will ultimately lead to better outcomes for consumers following on from its contingent charging ban, which comes into force from October.
08/14/2020
"And with the pandemic, that showed markets had not been pricing risk well at all.”
08/14/2020
The European Commission notes that Article 71(1) of the Withdrawal Agreement seeks to ensure continued personal data protection for Non-UK Data Subjects
08/14/2020
Key messaging from governments has positioned COVID-19 as the greatest challenge that many nations have encountered since the Second World War (even bigger than the great financial crisis of 2008/09).
08/13/2020
Process will go ahead despite ‘intensive negotiations’ taking place with ‘interested parties’
08/13/2020
The FCA expects firms to return client money balances which are unlikely to be reinvested in the short term, if this is in the clients' best interests during this period.
08/13/2020
UK’s Solicitors Regulation Authority reviewing complaint that Caroline Stroud did not make bank relationship clear
08/13/2020
SEBA Bank, Sygnum Bank, Arab Bank (Switzerland) and Hypothekarbank Lenzburg also took part in the test.
08/13/2020
The banking group is targeting 550 full-time redundancies across branches and its top-earner service, but says none will be compulsory.
08/13/2020
The agency has been looking over the reports for offenses including falsification of accounts, fraud, embezzlement, market manipulation and insider trading, and says it is re-examining the evidence in light of new information.
08/13/2020
The FCA expects all companies to have contingency plans to deal with major events and that these plans have been properly tested.
08/13/2020
FCA will continue to review client money balances
08/12/2020
The changes will be particularly significant for banks that currently fall within the PRA/FCA's Proportionality Level Three.
08/12/2020
Covid-19: PRA 'Dear CEO' letter on suspension of guidance levels on fixed rate lending limits for non-systemic building societies
08/12/2020
At all times, the employer will need to weigh up the competing requirements of the regulatory and employment regimes in Jersey.
08/12/2020
This new position is the result of a detailed eligibility assessment of loans by the CSSF, and reflects discussions held at ESMA level as well as the regulatory practices of other EU Member States.