12/01/2020
COVID-19 impacts Irish law firms, with 60% concerned maintaining profitability is a key challenge for the sector
Nearly two in three Irish law firms has recorded a decline in revenue over the last year, with six out of ten citing maintaining profitability as a key challenge facing the sector over the next two to three years.
12/01/2020
Before transitioning to the OFR, any eligible foreign investment fund which is to be marketed in the UK, is required to be opted into the Temporary Permissions Regime ("TPR") by no later than 30 December 2020.
12/01/2020
The right digital solution isn’t just a tick in the box or a way to avoid further administrative burden – it can enable an increase in client engagement and loyalty and deliver long-term growth.
12/01/2020
As a result of the New SCCs and other recent developments discussed below, businesses will need to undertake a remediation project to assess their data transfer arrangements.
12/01/2020
Several British banks have confirmed that the accounts of investment or wealth management customers in France will close before 2021
12/01/2020
Big Four await shake-up as probes into alleged corruption continue
This could mean that, amid the backdrop of a recovering COVID economy and Britain outside of the European Union, the Big Four could face a major shake-up in this new business environment.
12/01/2020
While this still remains the case, there’s also been a shift due to the pandemic.
12/01/2020
The Stephenson Harwood team was led by partner Alex Haynes, who was supported by senior associate Carolyn Hall and associate Daniel Whalen.
11/30/2020
PIMFA has consistently argued that policy should be designed to minimise the need for the compensation scheme and protect consumers before the harm occurs - rather than allowing harm to occur and relying on the FSCS as a safety net.
11/30/2020
Swiss court orders full access to records for Vatican financial investigation
Vatican prosecutors have been working with Swiss authorities since filing letters rogatory in December last year.
11/30/2020
A Jersey resident UPE (or appointed surrogate parent entity (“SPE”)) of a qualifying multinational group must file the group’s CbC report within a year of the accounting period end date.
11/30/2020
Clarity on employer obligations to home working employees is particularly welcome due to the significant increase in employees working from home on a full or part time basis due to COVID-19 restrictions.
11/30/2020
Regulation is necessary and should provide a clear framework for asset managers and suitable protection for investors.
11/30/2020
Human rights compliance in Germany: Current steps towards a mandatory Human Rights Due Diligence Law
11/29/2020
France's foreign investment regime
On 19 March 2019, an EU Regulation establishing a European screening mechanism for foreign direct investments was adopted (Regulation (EU) 2019/452) which will be fully applicable in France from 11 October 2020.
11/29/2020
What Has Central Bank Independence Ever Done for Us? Speech given by Andy Haldane
They operated, by and large, as an operational agent of government.
11/29/2020
Covid-19: FCA Handbook Notice No 82
The FCA has published the presentation slides from three forums which it convened to discuss the remedies under consideration in response to the findings of its General Insurance (GI) Pricing Practices Market Study (MS18/1).
11/27/2020
Basel Committee amends capital requirements for non-performing loan securitisations
The Committee consulted publicly on the technical amendment in June 2020.
11/27/2020
Burges Salmon head of Private Wealth named Lawyer of the Year
The firm’s head of Private Wealth, Beatrice Puoti, has won Gold in the Lawyer of the Year category at Citywealth’s Magic Circle Awards 2020
11/27/2020
EU watchdog slams Commission for appointing BlackRock as ESG finance advisor
The €280,000 contract, awarded to BlackRock's Financial Markets Advisory (FMA) arm, was for a study advising how the EU should integrate environmental, social, and governance (ESG) factors into European banking rules.