02/13/2020
FNZ all set to acquire IPSI for European business boost
Bringing together IPSI’s solutions and FNZ’s core technology and global client relationships will allow us to capitalise on the opportunities we see in the market.”
Legal, Regulation & Compliance
02/13/2020
Financial sector targeted in HMRC's crackdown on tax evaders
The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development.
02/12/2020
Javid seeks 'equivalence' for financial services in EU talks as Gove warns of border checks
Cabinet member Michael Gove has told businesses to prepare for checks at the UK border from January next year, as frictionless trade with the EU comes to an end.
02/12/2020
Govt passes FSCS levy concerns back to regulator
"The government has no role in setting the levy."
02/12/2020
EBA puts forward concrete proposals to improve the current DGSD legal framework
The third Opinion recommends clarifying what funds count towards DGS’s available financial means and the use of DGS funds for failure prevention.
02/12/2020
CySEC issues announcement on Brexit
The United Kingdom, as a third country in relation to the EU, will not participate in any way in the European bodies and decision making processes of the EU.
02/12/2020
Cyprus 'golden passports' scheme a laundering risk, says watchdog
Under the program, a minimum 2 million euro ($2.18 million) investment can get a passport and instant visa-free travel throughout the European Union, of which Cyprus is a member.
02/12/2020
Russia to tap 'rainy day fund' to buy central bank's stake in Sberbank
Two sources close to the deal told Reuters that Sberbank’s stake is estimated to cost around 2.45 trillion roubles ($39 billion), below the market value of 2.8 trillion roubles based on Refinitiv Eikon data on Tuesday.
02/12/2020
Private equity fund Aurelius files criminal complaint against short seller
The move comes after Ontake Research published a note accusing Aurelius’ management of having overstated the value of its investments
02/12/2020
A new narrative for funds transparency by Geoff Cook & Ben Robins
Some centres are already addressing these questions through specialist regimes, expertise and infrastructure for green finance, ESG investing and philanthropy.
02/11/2020
Fraudster jailed for raiding charity pension
TPR seeks to recover money taken to buy overseas property
02/11/2020
Paradise Papers To Help Recover $45m In Lithuanian Bank Conspiracy
Vladimir Romanov allegedly looted millions of dollars from a failed bank that will now be clawed back.
02/11/2020
Fundamental snag with new EU money-laundering rules
In this instance, the intention of the registers has been partially described on the European Commission's website as: "Enhancing transparency by setting up publicly available registers for companies, trusts and other legal arrangements."
02/11/2020
Tisa calls for ‘urgent’ review of guidance rules
This is creating significant consumer detriment.
02/11/2020
FCA demands bigger concern 'for asset managers than advisers'
The FCA criticised funds where the fees paid by the client exceed the returns earned, and also where the relevant index against which the fund should be measured is not clear.
02/11/2020
Deploying innovative technology could help combat the dark art of money laundering
Initially, these laws only applied to financial institutions, but their effectiveness drove criminals towards using professional services, such as law and real estate.
02/11/2020
LGIM expands fund offering in Italy through Allfunds deal
Both funds are managed within LGIM's global fixed income team, managing collectively over € 193bn in assets.
02/10/2020
Drafting Contracts--Key Lessons from English Cases in 2019
It also contains brief sections on the impact of Brexit on contracts and the discontinuance of Libor.
02/10/2020
Coronavirus Outbreak: Legal Update
Many companies will be giving priority to repatriating members of staff located in mainland China and other areas that are impacted by the coronavirus outbreak; but different governments are giving differing guidance to their citizens, and the guidance wh
02/09/2020
Financial services equivalence regime: rules-based vs outcomes-based
Equivalence is the process through which the European Commission formally recognises that the regulatory or supervisory regime of a non-EU country is equivalent to the corresponding EU regime.