06/28/2020
Covid-19: PRA statement on regulatory reporting and disclosure amendments
This statement outlines the PRA’s revised approach to regulatory reporting and Pillar 3 disclosure for PRA-regulated banks in response to the Covid-19 outbreak.
Legal, Regulation & Compliance
06/28/2020
ICO outlines six data protection steps which organisations should take on the road to coronavirus recovery
These include identifying a lawful basis for collecting and using the information collected and, if they are processing health data on a large scale, conducting a data protection impact assessment.
06/26/2020
CPMI-IOSCO publish a report on CCP auctions
The report builds on a discussion paper on CCP default management auctions published in June 2019, after CPMI and IOSCO agreed in 2017
06/26/2020
FCA statement on EBA ICT and security risk management guidelines
Firms are encouraged to focus on the provisions within the Guidelines relating to information security, ICT operations and business continuity to maximise their ability to provide services on an ongoing basis and to limit losses in the event of severe bus
06/26/2020
Catalyst/ Recover...Rebuild...Reform
This weekly Wrap-Up will continue to provide you with access to our insights, whilst not overwhelming you with emails.
06/26/2020
HMRC wins Fatca case over data confidentiality
But claimant argues sharing information with US is breach of EU law
06/26/2020
Will pandemic-induced drawdown cause depleted retirement pots?
As 51% of Brits aged 55 and over admit they know little about the pension freedoms rules
06/26/2020
Swedish Regulator Fines SEB $107 Million, Citing Lax Anti-Money-Laundering Efforts
SEB said it would analyze the regulator’s decision.
06/26/2020
Switzerland to become a leading location for sustainable financial services
In view also of the global challenges, further efforts must be made to safeguard and further expand the interests and competitiveness of the Swiss financial centre internationally.
06/26/2020
Ogier advises Brooks Macdonald on acquisition of Channel Islands wealth management and funds business of Lloyds Bank International
The cross-border Ogier team was led by Jersey-based partners Matthew Shaxson and Niamh Lalor
06/26/2020
MPs step in over 'troubling concerns' at FCA
Mr Stride said whilst it was "welcome" that the regulator had committed to addressing the issues, it had not yet solved the problems.
06/26/2020
FSCS mini-bond bill could rise as new evidence found
But this month the compensation body gained access to an additional 100,000 emails held within LCF’s email server, which provided further evidence of liability, it said.
06/26/2020
Coronavirus and home baking's renaissance in Cyprus
In recent years, the Bank has extended its support to flour producing company Hadjigiorkis Flourmills
06/25/2020
Carey Olsen advises on sale of Lloyds Bank International's Channel Islands wealth management and funds business
The business has total funds under management of £1.0 billion (as of 31 May 2020). T
06/25/2020
Ogier advises Urban Logistics on seven-site Crown Portfolio purchase
The transaction, effected through the acquisition of a Jersey property unit trust, involved a number of law firms across Jersey, England and Scotland, with Ogier working closely with Urban Logistics' onshore counsel, Wedlake Bell.
06/25/2020
FCA consultation and thematic review on proposals to improve value for money in pensions
The FCA has also published the results of its thematic review
06/25/2020
Paris art experts arrested over looted antiquities
It comes amid claims that Paris is an international centre for trade in illegal artefacts.
06/25/2020
Clients of jailed ‘playboy’ adviser sue Tavistock
Chief executive Brian Raven said the firm is facing ‘no further’ FOS complaints, but two former clients are currently taking legal action.
06/25/2020
Prudential accused of ‘client grab’
Mr Jordan said the Prudential website offered his clients five alternatives to using their IFA, adding he was “extremely unhappy about this”, and that it “trampled over the IFA relationship without any regard for the advisers”.
06/25/2020
Billions of dirty euros in ordinary Belgian bank accounts
Bringing money in from tax havens is even more difficult.