09/12/2019
SMCR checklists for solo-regulated firms
Senior Management Functions will appear on the FS Register on 9 December 2019.
Legal, Regulation & Compliance
09/12/2019
Female banker whose boss repeatedly told her 'not now, Stacey' wins £4m sex discrimination claim
The size of award Miss Macken will receive has yet to be determined.
09/12/2019
Lloyds and Barclays hit by $4bn insurance mis-selling claims
The huge provisions show how banks in Britain are still battling with the legacy of the scandal, even after the Aug. 29 deadline for consumers to complain, as a rush of customer enquiries in the run-up to that date forced them to set aside more compensati
09/12/2019
CSSF ‘Brexit licence’ deadline looms
The Commission de Surveillance du Secteur Financier (CSSF) warned that unless firms submitted a notification to them by the deadline, they would be considered as ‘third-country entities’.
09/12/2019
Vincent Kompany's testimonial match and the changing tax position
With average salaries these days for top premiership players easily surpassing £5m per year, sporting testimonials are now more symbolic.
09/12/2019
ESMA gives gloomy outlook for European money management industry
In the two quarters, equity funds faced €54 billion of outflows, while multiasset funds saw €16 billion in outflows.
09/11/2019
The ECB Is Preparing to Inflict More Pain on Banks
ECB expected to cut deposit rate to at least minus 0.5%
09/11/2019
Finance minister: Germany can pump 'many, many billions' into economy
Speaking to lawmakers during a general budget debate in the lower house of parliament, Scholz said Germany was in a position to do more if an economic crisis hits thanks to its solid budget planning and rigid policy of not taking on new debt.
09/11/2019
Commerzbank Frankfurt Offices Raided in Widening Tax Scandal
Cologne prosecutors confirmed they were conducting activities in the matter on Tuesday, without saying where or at what banks.
09/11/2019
Banks Don’t Need More Detailed Regulation, Danish Governor Says
And perhaps we should consider whether the fence poles are in the right place or whether we have fenced in some areas too much.
09/11/2019
When regulators become nationalists
EU’s new treatment of bank software assets is partly a response to global competitive pressures
09/11/2019
Trusts And Foundations In Malta
How the legal institutes differ under Maltese law
09/11/2019
Spanish Banks Face Risk of Penalties for Unfair Mortgages
EU court’s binding ruling expected in next four to six months
09/11/2019
FOS apologises for SJP complaints data error
But the actual number of upheld complaints remains unchanged.
09/10/2019
British banks seek tweaks to accountability rules
UK Finance said the report – compiled with law firm Ashurst and based on a survey of 60 senior managers across 25 banking institutions – showed that banks are now more cautious about taking risks and are committed to implementing SMCR.
09/10/2019
Investing in Women Code
The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance.
09/10/2019
An introduction to Jersey investment funds
The information that must be included in an Expert Fund's offer document (including the specified form of investment warning to be acknowledged in writing by investors) is set out in the Jersey Expert Fund Guide.
09/10/2019
London law firm continues on acquisition trail
The merger will strengthen Private Client and Real Estate practices and represents around £1.6 million of additional fee income for the firm.
09/09/2019
Danske Regulators Not Off the Hook as EU Continues Investigation
While the European Banking Authority closed an investigation into potential breaches of EU law earlier this year, a leaked report later showed that the regulator’s staff found a number of shortcomings by Danish and Estonian authorities.
09/09/2019
Luxembourg considers tougher rules on fund liquidity
Financial watchdog has been consulting privately with asset managers following high-profile fund suspensions