10/08/2019
Carey Olsen's Guernsey trusts conference urges caution over reliance on 'Anti-Bartlett' clauses
The nature of the high level supervisory role will always be fact-specific and dependent.
Legal, Regulation & Compliance
10/08/2019
Pressure mounts on Jupiter's Davies as he faces trust sacking
The board's move shines the spotlight on the equally torrid run of performance Davies is enduring on the much larger Jupiter UK Growth open-ended fund, run along the same lines.
10/08/2019
German Finance Minister Open to Eurozone Crypto to Respond to Libra
The crazy thing is, the creation of government-backed crypto assets is gaining traction from people in high places.
10/08/2019
'Accidental Americans' sue France over FATCA disclosure rules
As a result, the advocacy group says French nationals with dual American citizenship face de facto discrimination, even though "most of these people have no links with the United States."
10/08/2019
Chambers Global Practice Guide 2019: Doing Business in Ireland Trends and Developments Chapter
Among other topics, the authors discussed how Ireland is well positioned as a location of choice for UK companies and new entrants seeking access to the EU post-Brexit.
10/08/2019
EU to launch new impact study on Basel bank capital rules
Most of the accord is in force, but final elements were agreed in December 2017, marking additions so extensive that bankers dubbed it Basel IV.
10/08/2019
Half of banks would not survive a six month crisis, ECB warns
Bigger lenders and subsidiaries of foreign institutions would be most vulnerable, according to the latest ECB bank stress test.
10/08/2019
Brexit Throws a Wrench Into EU’s Fight Against Money Laundering
European banks have been hit by a series of scandals caused by insufficient controls against money laundering, with Danske Bank A/S’s Estonian unit being the most prominent case.
10/08/2019
What’s slowing down the European Banking Union?
Differences in national bank regulation and supervision hamper the process; political factors play a minor role, write Simon Grothe, Michael Koetter, Thomas Krause, and Lena Tonzer
10/08/2019
TCFD: strengthening the foundations of sustainable finance - speech by Mark Carney
Businesses need to keep improving their disclosure of climate risks.
10/08/2019
New SFO guidance on co-operation: go above and beyond
Early legal advice will be vital.
10/07/2019
EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland
EU blacklist to shrink to nine, including three U.S. territories
10/07/2019
Intermeddling - Second bank fined for contravention of Probate Law
These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.
10/07/2019
Britain's first 'deep fake' fraud: Energy executive conned into handing over £200,000 to thieves who used software to fake their boss's voice
It is thought to be first time deep fake technology has been used to defraud a company
10/07/2019
FCA sets out potential remedies to tackle concerns about general insurance pricing
The FCA will also continue its work to ensure firms improve the oversight of their pricing practices and deliver the changes required following other recent policy changes.
10/07/2019
ESMA Opinion Clarifies Application of Pre-Trade Transparency and Price Determination in Frequent Batch Auctions
ESMA will keep monitoring developments in the market
10/07/2019
ESMA Consults on MIFIR Alignment Following the Introduction of EMIR Refit
The recent changes introduced to EMIR via Refit modify the scope of counterparties subject to the clearing obligation – exemption for small financial counterparties and modified determination of non-financial counterparties.
10/07/2019
ESAs highlight money laundering and terrorist financing risks in the EU financial sector
The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions
10/07/2019
Switzerland and the UAE removed from EU tax haven lists
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
10/07/2019
Norway to spend less wealth fund cash amid strong growth: government
Under its 2020 draft budget, cash spending from the fund will decline to 243.6 billion Norwegian crowns ($26.79 billion) next year from 246.2 billion crowns in 2019, the Finance Ministry said.