05/26/2023
Carey Olsen named Offshore Law Firm of the Year by Chambers Europe
Winners across the 26 categories were selected based on extensive research and client interviews conducted by a team of more than 200 research analysts.
Legal, Regulation & Compliance
05/26/2023
Joint statement from FCA, PRA and Bank of England on the government’s proposed amendments to the CCP run-off regime
The regulators recognise and fully support the intention to facilitate the continuity of these clearing services to UK firms consistent with the original amendment
05/25/2023
ESMA reports points out improvements needed in supervision of asset valuation
The CSA was launched in January 2022, with the aim of assessing, fostering and enforcing the compliance of supervised entities with the organisational requirements with respect to asset valuation.
05/25/2023
FCA finds young investors are more likely to have long-term goals in mind when dating than when investing
New research from the FCA has found that young investors think longer-term and are less influenced by social media when dating compared to their investing behaviours.
05/25/2023
Office of Data Protection Authority marks 5 years since introduction of landmark legislation
It has been a huge privilege for me to be Commissioner for the Bailiwick during this important chapter in our history
05/25/2023
Swiss Government Orders Credit Suisse Bonus Ban
he order, which follows the multibillion-dollar government bailout of Switzerland's second-largest bank, applies to around 1,000 bankers at the top three management levels of Credit Suisse.
05/24/2023
FCA proposals to align rules for fund managers and discretionary investment managers pose material threat, says PIMFA
PIMFA members are deeply concerned that such an alignment would result in rules that have been specifically designed for the management of funds, being inappropriately extended to the managed portfolio services (MPS) they offer to retail clients.
05/24/2023
Italian government plans sovereign wealth fund set up
The government is pondering the role of the Ministry of Economy and Finance (MEF) in the project as an investor that could only hold minority stakes in companies, reports added.
05/24/2023
François Villeroy de Galhau: Monetary policy transmission - where do we stand?
The Governing Council has already taken prompt and forceful actions to tighten the stance of monetary policy.
05/24/2023
Deutsche, Citi admit anti-competitive bond market activity in UK probe
The CMA said the conversations are alleged to have related to the buying and selling of UK government bonds - specifically, gilts and gilt asset swaps - and included details on pricing and other aspects of trading strategies.
05/23/2023
FCA plans to align rules for fund managers and investment managers pose material threat says Pimfa
The extension of fund rules to managed portfolio services would, in almost all cases, be entirely inappropriate.
05/23/2023
International regulatory group unveils first set of global rules for crypto industry
The first, conflicts of interest, was especially centred around the widespread vertical integration of various crypto activities ‘under one roof', which the report emphasised should be properly disclosed and separated.
05/22/2023
UK bank closures IN FULL including Santander, Barclays and HSBC - search your town
A total of 397 branches have closed or will close in England in 2023, along with 37 in Wales, 20 in Scotland, and five in Northern Ireland - use our map to see how your town will be affected
05/22/2023
Monetary and financial stability – can they be separated?
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Conference on Financial Stability and Monetary Policy in the honour of Charles Goodhart
05/22/2023
Facebook to be fined £648m for mishandling user information
Decision by Ireland’s privacy regulator will set record for breach of EU’s data protection rules
05/22/2023
Allen & Overy and Shearman & Sterling to create the first fully integrated global elite law firm
Combination will accelerate growth strategy of both firms, each with distinct market leadership and strong cultural compatibility.
05/22/2023
FCA warns about third party BSPS redress calculations
“This appears to have been a contributing factor to the misleading redress offers made by financial advisory firms to former BSPS members before the scheme started.”
05/22/2023
Credit Suisse Staff Prepare to Sue Regulator
Managing directors and directors have lost $400 million worth in bonus payments linked to AT1 bonds, which made up to 15 percent of their total bonus and vested after three years.
05/22/2023
Credit Suisse employees to sue Swiss regulator over AT1 bonus losses - reports
$400m in bonuses lost
05/22/2023
Postfinance wants to know again in the dispute with Finma
The point of contention is the risk provision of the state bank.