02/28/2020
Five arrested in suspected tax charge fraud
HMRC said it is looking at 200 more people in relation to such offences.
Legal, Regulation & Compliance
02/28/2020
Pillar 2A: Reconciling capital requirements and macroprudential buffers
The proposals in this CP only relate to the 1 percentage point structural increase in the UK CCyB in the standard risk environment CCyB announced by the FPC on Monday 16 December 2019.
02/28/2020
FCA Announces New Rules For Open-Ended Funds Investing In Inherently Illiquid Assets
The use of suspensions had therefore raised questions regarding how best to strike a fair balance between the interests of investors wishing to redeem holdings and those wishing to remain invested.
02/28/2020
Former Barclays chiefs cleared of £4bn fraud charges
Wherever our evidential and public interest tests are met, we will always endeavour to bring this before a court.
02/27/2020
Bank of England 'turbo-charges' moves to ditch Libor
Libor, available in sterling, dollar and other currencies, is used to price contracts like home loans and credit cards worth around $400 trillion (308 trillion pounds) globally.
02/27/2020
Missing millions are no excuse for failing to account...
In early 2019 the beneficiaries formally requested from the executors information concerning the assets in the estate and an account of how the executors had been dealing with them.
02/27/2020
Guernsey reports surge in new captive numbers
Guernsey is responsible for more than a third of the European captives market.
02/27/2020
How equity markets are increasingly adapting to lower growth prospects
The economic hit caused by the draconian response in China and elsewhere to the threatening spread of coronavirus is just the latest example.
02/27/2020
Romanian banks probed for money laundering, central bank official says
This bank’s actions are now the subject of a file sent to the Prosecutor's Office for investigation.
02/27/2020
Lords back ESG amendments to pensions bill
According to the amendment, pension scheme trustees will have to review the impact of climate change on their investment strategy, manage their exposure to these risks and determine targets for their exposure.
02/26/2020
Corporate Crime update - Herbert Smith Freehills
Our update now covers a number of jurisdictions.
02/26/2020
FRC undertakes climate review
The regulator is considering whether further guidance on reporting requirements may be needed
02/26/2020
Finance Denmark pushes for CO2 model by 2021
This requires an ability for its members to assess CO2 emissions linked to loans and investments, in order to set targets for reducing emissions.
02/26/2020
The struggle to survive: Asset management M&A set to pick up
Perfect storm of cost saving and regulatory burden behind deals
02/26/2020
BoE: LIBOR transition
The Solvency II review should be completed by the end of 2020.
02/25/2020
EU Exit: Draft SI on OTC derivatives, CCPs and TRs
This instrument transfers responsibility for tiering to the Bank of England, who will be able to tier third country CCPs according to their systemic importance to the UK.
02/25/2020
A man must be able to consult his lawyer in confidence
It is a fundamental condition on which the administration of justice as a whole rests. If a communication attracts legal advice privilege, that privilege is absolute unless waived by the client.
02/25/2020
Irish law firm asked for beneficial ownership deadline to be extended
Previously companies had to keep an internal register of those companies they had a beneficial ownership interest in.
02/25/2020
Beyond Deutsche: U.S. Banks Also Implicated in Dubious Partnerships Abroad
Investigators say big banks in the United States and elsewhere too often fail to do due diligence on investors.
02/25/2020
Former Swedbank CEO to be questioned by police - Swedish media
Svenska Dagbladet also said, citing sources, that Bonnesen would be given formal notice that she is suspected of having committed a crime at the hearing.