12/03/2019
Europol wipes out 30,000+ piracy sites, three suspects cuffed to walk the legal plank
Aw man, I was still downl...err.. great work everyone!
Legal, Regulation & Compliance
12/03/2019
FCA publishes new form for notification of changes to non-SMF Directors
From 9 December 2019, MIFID investment firms and optional exempt firms will need to use a new form to submit information to us when appointing Non-SMF Directors to, or withdrawing them from, their management body.
12/03/2019
FCA updates webpage on price discrimination in the cash savings market
On 25 July 2018, we published a Discussion Paper on price discrimination in the cash savings market.
12/03/2019
EBA publishes annual RAR
Overall, EU banks’ solvency ratios remained stable, while the NPL ratio further contracted. Amidst low profitability, a proactive management of operating expenses is essential.
12/03/2019
New German rules on crypto assets
The new law contains, amongst others, changes to the German Banking Act (Kreditwesengesetz (KWG), which provide that:
12/03/2019
Europe Set to Overhaul Its Entire Economy in Green Deal Push
Leaders may commit to zero emissions by 2050 at Dec. 12 summit
12/03/2019
Crestbridge Increases Global Funds Proposition With Luxembourg Funds Administration Licence
Luxembourg is a major hub for alternative asset fund structuring
12/02/2019
Vneshprombank: A lavish lifestyle is no bar to exception
The Commercial Court Judge allowed Mr Bedzhamov to spend £80,000 per month on living expenses.
12/02/2019
Cyprus Bar Association’s requirement for annual compliance report
From now on, all compliance officers of obliged entities which are regulated by the Cyprus Bar Association have a duty to electronically submit an annual compliance report
12/02/2019
US seeks to extradite UK tech billionaire Michael Lynch
Autonomy businessman would face charges including securities fraud, wire fraud and conspiracy
12/02/2019
Jury dismissed in Barclays Qatar fraud trial
The high-profile case, the first jury trial involving such senior bankers, took place at Southwark Crown Court before the jury was dismissed on Monday.
12/02/2019
HMRC lacks staff to investigate over 5.7 million offshore tip-offs
HMRC has come under pressure to more actively investigate taxpayers with hidden offshore assets since the 2016 Panama Papers scandal.
12/02/2019
EIOPA publicly consults on its approaches for regulating key aspects of the Pan-European Personal Pension Product (PEPP)
In developing its proposals, EIOPA sought input from the supervisory community of the insurance and pension sectors, the other European Supervisory Authorities, and conducted an active dialogue with EIOPA's stakeholder groups and the Expert Practitio
12/01/2019
FCA consultation on extending SMR to benchmark administrators
The FCA welcomes feedback on the proposals and aims to finalise its approach by Q3 next year.
12/01/2019
Red tape forces Goldman Sachs to stifle retail bank Marcus
Goldman aims to hold less than £25bn in customer deposits, the level at which ring-fencing legislation is triggered.
12/01/2019
FSB publishes final SME financing evaluation report
For the reforms in scope, the evaluation finds no material and persistent negative effects on SME financing in general, although there is some differentiation across jurisdictions.
12/01/2019
EU updates mergers law to enable cross-border restructuring
The new legislation sets out the procedures that businesses will need to follow when engaging in cross-border conversions and divisions
12/01/2019
Germany enacts new laws to protect its companies from China
It has not yet been revealed that the government committee will take steps to save which companies.
11/29/2019
Nigeria gives UK court guarantee for stay on asset seizures in P&ID case
Irish-founded company won $6.6bn arbitration award after gas deal collapsed
11/29/2019
New EU bill on the fourth Money Laundering Directive allows banks to hold and sell Bitcoin
Banks in the EU get an early Christmas gift as the new law will enable them to buy, hold and sell cryptocurrencies.