03/25/2020
The FCA, Bank of England and members of the Working Group on Sterling Risk-Free Reference Rates have discussed the impact of the coronavirus on firms’ LIBOR transition plans over the coming months.
03/25/2020
In a nutshell, the CCFF is commercial paper purchase programme designed for non-financial corporates to support them through the turbulence resulting from Covid-19.
03/25/2020
An FCA approved prospectus will usually be required for a rights issue, for both main market and AIM quoted companies
03/25/2020
Banks were expected to support all types of firms, not just those covered by BoE and government schemes rolled out so far, they added.
03/25/2020
The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services
03/24/2020
The country has taken martial law-like measures to contain the spread of coronavirus
03/24/2020
Much may depend on whether Germany is willing to bail out Italy
03/24/2020
Swedbank last week said that it was monitoring the situation would evaluate the effects of the virus before taking a final decision on the dividend.
03/24/2020
The Committee is continuing to assess and address the banking and supervisory implications of Covid-19
03/24/2020
The basic rule is that an individual is treated as being in the United Kingdom on any day where they are in the United Kingdom at midnight at the end of that date, known as the ‘midnight rule’.
03/24/2020
The FCA continues closely to monitor market activity
03/24/2020
Due to the fast-moving nature of the government response to the outbreak, while this briefing is up to date as of 23 March 2020, there may have been further developments since then.
03/24/2020
Afolabi Adepoju, 32, took part in a ‘slick scam’ with others by passing on confidential security details so fraudsters could call the bank or pose as legitimate customers online
03/24/2020
The company brought in administrators shortly after and the FSCS has already declared a number of advice firms which were embroiled in the debacle in default.
03/23/2020
A growing list of companies are announcing dividend cuts, and/or scrapping buy backs.
03/23/2020
Two-week moratorium to prevent investors acting on out-of-date information
03/23/2020
The government is being urged to change the law to allow companies to hold remote AGMs amid the outbreak, Sky News learns.
03/23/2020
Earlier this month, Swedbank disclosed that Clifford Chance had separately identified 586 transactions, worth an aggregate $4.8 million, that had likely violated US sanctions imposed in the wake of Russia’s 2014 takeover of the Crimean peninsula.
03/23/2020
New laws include reporting obligations on cross-border tax arrangements, new state fund to buy buildable land for housing
03/23/2020
All 85 applications will be reviewed by teams of SIFI staff