03/20/2020
Deutsche Bank Says Five Ex-Board Members Probed Over Cum-Ex
Report comes after two London bankers convicted in tax scheme
Legal, Regulation & Compliance
03/20/2020
Management of coronavirus contagion containment in workplaces - Withers
Such has now paved the way to new measures (temperature scanning, self-assessment forms on 14 days’ previous Coronavirus at-risk contacts, dealing with on-premises reported suspicious cases) which have their consequences privacy-wise.
03/20/2020
Bank of England announces supervisory and prudential policy measures to address the challenges of Covid-19
This statement follows the announcement by the Bank of England setting out measures to respond to the economic shock from Covid-19 from its three policy committees on 11 March 2020.
03/20/2020
HMRC warns of 'actively corrupt' tax advisers
Jesse Norman, financial secretary to the Treasury, said many of those who had fallen victim to the additional loan charge had found themselves with "no effective remedy against that bad advice."
03/20/2020
CySEC advises on Business Continuity and Contingency Plans amid COVID-19
CySEC anticipates that Regulated Entities take the necessary steps to prepare for and minimize possible business disruptions by identifying key operations risks.
03/19/2020
Dispute Over Justice Department’s Use of Overseas-Evidence Requests Grows
Those types of foreign requests can give authorities more time to investigate cases, though they may be running up against deadlines for bringing charges.
03/19/2020
France's AMF bans short selling
The AMF said its decision was made "In the light of the outbreak of Coronavirus and its consequences on the economy and financial market in France."
03/19/2020
Corona virus: last chance for bankers' lost honor
Now the institutes can show that they live up to the high standards of being the lifeline of the economy.
03/19/2020
London Bankers Avoid Jail Time in First German Cum-Ex Trial
The Bonn court gave both of them suspended prison terms, according to a spokesman.
03/19/2020
Sweden ditches amortisation requirement in response to Coronavirus
The requirement has been designed in such a way that banks and borrowers can agree on an exemption from the requirement given special grounds.
03/19/2020
FCA sets diversity example
Looking internally, the FCA has a number of targets for diversity on their senior leadership team.
03/19/2020
FCA statement on property fund suspensions
Suspensions can be used by managers of open-ended funds
03/19/2020
ESMA opinion on French short selling ban
The ban applies to transactions executed both on a trading venue or over the counter.
03/19/2020
BVI Norwich Pharmacal relief: an international problem resolved
In the first written judgment on the issue delivered on 10 March 2020, Wallbank J declined to follow the recent English decisions and confirmed the availability of this relief in the BVI.
03/19/2020
COVID-19 – Immediate actions for pension scheme sponsors and trustees
To help sponsors and trustees address these challenges we have included a checklist of immediate issues to be addressed.
03/19/2020
SJP and Quilter on working practices during Covid-19
SJP’s partners are very used to using technology in their day-to-day business and tailoring how they operate to the requirements of their individual clients, so will continue to remain flexible in what they can offer, including remote and telephone
03/19/2020
Implementation of Cape Town Convention in Bermuda
The Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016 (the Cape Town Convention Act) gives effect to the Cape Town Convention in Bermuda and came into force along with the convention on 1 January 2018.
03/19/2020
Senate approves coronavirus stimulus: Next stop – White House
The JCT has also released a technical explanation of the credit provisions.
03/18/2020
Chancellor announces additional support to protect businesses
The Chancellor Rishi Sunak today announced unprecedented support for business and workers – to protect against the economic emergency caused by the coronavirus.
03/18/2020
Government’s remote working push is no excuse for funds to underperform
Technology set to aid fund managers during coronavirus isolation, although idea generation could suffer