11/07/2019
Meeting the pace of technological change by Nick Cook, Director of Innovation, FCA
Speech by Nick Cook, Director of Innovation at the FCA, delivered at the Chief Data Officer Exchange Financial Services conference in London.
Legal, Regulation & Compliance
11/07/2019
Goodwin makes good on Taylor Wessing hires with Cambridge office opening
More recently in August Goodwin hired for the same practice in London Ali Ramadan from Orrick Herrington & Sutcliffe.
11/07/2019
How Van Lanschot Kempen set up its mandated fund selection platform
UBS has already had a managed accounts platform for its wealthy clients, and Kempen was looking to launch one but lacked the necessary scale.
11/07/2019
Highly regulated jurisdictions attract family offices
Sally said: "There was an interesting discussion around globalisation and digitalisation, how, with less face-to-face time between trustees and beneficiaries, the relationship could be fundamentally altered.
11/07/2019
Insight: First It Was FATCA, Now MiFID II Has U.S. Investors in Europe Facing Nightmares
At the same time, due to Foreign Account Tax Compliance Act (FATCA) compliance issues, many non-U.S. financial institutions have made it difficult or impossible for overseas Americans to work with them.
11/07/2019
INSIGHT: First It Was FATCA, Now MiFID II Has U.S. Investors in Europe Facing Nightmares
The last several years have been challenging for overseas Americans to open or maintain financial accounts in the U.S. and in their country of residence.
11/07/2019
J. Safra Sarasin renames flagship fund to reflect ESG investment strategy
The name change has no impact on the investment policy of JSS Sustainable Equity
11/06/2019
KPMG denies that it plans to cut 10% of partners
KPMG was reported to be axing a tenth of partners in the UK before the end of the year, but the firm denies that it plans to do so
11/06/2019
Germany’s Scholz gives ground on eurozone banking union plan
Finance minister says Berlin should support common deposit insurance scheme
11/06/2019
Ireland's Finance Bill 2019 | Key International Proposals
The transfer pricing legislation will incorporate by reference the 2017 OECD Transfer Pricing Guidelines, the OECD Guidance issued in 2018 on Hard to Value Intangibles and the OECD Guidance issued in 2018 on the Transactional Profit Split Method.
11/06/2019
EU Exit: PRA update to SMCR "deemed approval" guidance on timing
The temporary permissions regime will allow EEA firms using a passport to operate for a limited period while they seek authorisation from the PRA if the passporting regime falls away when the UK leaves the EU.
11/06/2019
Positive Energy: Appleby Comments on an Active Energy and Natural Resources Sector
Appleby has reported another strong year in the energy and natural resources sector and has acted on a number of large energy, oil and mining deals during 2019.
11/06/2019
Nearly 4,000 ultrawealthy foreign investors have gotten dual citizenship through Cyprus' 'golden passport' program since 2013. Now, it's under investigation.
Cyprus is investigating corruption charges related to its "golden passport" program, which grants citizenship to foreigners who invest $2.2 million or more in real estate or local business.
11/06/2019
UK Supreme Court holds testamentary charitable gifts to Jersey were entitled to inheritance tax relief
The Supreme Court’s judgment provides helpful clarification for individuals in the UK who have made testamentary gifts to charities in Jersey by confirming that IHT relief applies.
11/06/2019
Partner at Linklaters law firm, 44, died of brain injury after tumbling over bike handlebars while not wearing helmet
The 44-year-old corporate lawyer died on September 2nd in hospital.
11/06/2019
Russian c.bank says data protection at banks must be improved -RIA
Data leaks have been in focus in recent months as the private data of thousands of banking clients has been made available online.
11/05/2019
Watchdog warns UK fund managers to avoid Woodford liquidity trap
For funds, liquidity refers to the ease of selling assets, critical for those that offer daily cashbacks to investors.
11/05/2019
FCA letter on effective liquidity management for AFMs
Government and FCA response to Work and Pensions Committee report on pension costs and transparency
11/05/2019
English Commercial Court examines the duty of good faith and fair dealing in commercial contracts
The decision is an important one on the implied duty of good faith/fair dealing.
11/05/2019
Paying debts using a National Insurance Number or Birth Certificate
Advice on why you cannot pay debts using your Birth Certificate or National Insurance Number.