11/18/2024
Close Brothers faces key meeting over car finance scandal
There are also concerns the contagion could spread to other forms of consumer credit such as home and car insurance.
Legal, Regulation & Compliance
11/15/2024
Cyprus transfer pricing legislation and documentation requirements
The new regulations cover all transaction types between related parties exceeding certain thresholds per category of transaction
11/15/2024
Evelyn Partners team welcomes High Court ruling on London Capital & Finance
Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders.
11/15/2024
Schroders welcomes Mansion House proposals
he Chancellor has also announced proposals focused on supporting the UK as a leading centre for Green Finance.
11/14/2024
Federal Council approves FINMA's strategic objectives and meets with its senior management
The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.
11/14/2024
FCA to consult on extending the time motor finance firms have to handle commission complaints
The proposals are expected to be published within 2 weeks and, if taken forward, would mean the complaint extension is in place by mid-December 2024.
11/14/2024
Bank of England's Mann sees inflation pressure keeping rates high
Last week the BoE revised up its inflation forecasts due to a higher minimum wage and short-term fiscal stimulus in the first budget of the new Labour government.
11/14/2024
Bank of England to hear the views of local people in Birmingham about the cost of living
The event is designed to gather information from local people, which will complement existing data and analysis, and help inform the Bank’s policy decisions.
11/13/2024
The EBA consults on Guidelines on proportionate retail diversification methods
The Consultation paper follows the recommendations from the EBA Advisory Committee on Proportionality for 2024 in the credit risk area The consultation runs until 12 February 2025.
11/12/2024
WTW wins DB advisory mandates from schemes looking at run-on options
This covers DB schemes in the insurance, energy and technology sectors, including the IBM UK Pension Plan.
11/12/2024
ALEX BRUMMER: UK retirement funds are an asset management blob
Unlike one of her illustrious predecessors Gordon Brown, the first female Chancellor will be spared wrestling with the dilemma of having to wear an elitist white tie.
11/12/2024
Enforcement regulatory disclosure review: outcome
This relates to disclosure of evidence as part of any regulatory case.
11/12/2024
Metro Bank fined nearly £17m for failure to monitor potential money laundering
Problems were raised by junior staff three years before they were completely resolved, says FCA
11/11/2024
BNP Paribas signs a new agreement with UNI Global Union and strengthens its shared social framework for all employees worldwide
Technological transformations and new ways of working
11/11/2024
EBA observes an improvement in competent authorities’ practices on the supervision of non-performing loans
The follow-up Peer Review focuses on the assessment of a sub-set of EU competent authorities chosen based on the outcomes of the initial peer review in 2022.
11/11/2024
Director fined £1.1m and banned for misusing funds due to insurers
Mr Mackey used funds due to insurers to support Inspire’s operating costs and to pay for personal living expenses instead of paying insurers.
11/08/2024
Welcome address at the tenth anniversary of the Single Supervisory Mechanism
The SSM became operational ten years ago, almost to the day, on 4 November 2014.
11/08/2024
FCA secures convictions against two individuals for £1.5m fraud
The group cold-called consumers, directing them to a professional-looking website where they were offered high returns for fake investments in crypto.
11/08/2024
Pair convicted over £1.5m crypto investment fraud
Mavanga also pleaded guilty to possession of false identification documents and perverting the course of justice.
11/08/2024
Charting New Territory: How England’s Digital Assets Framework Can Guide Cayman Islands Law
The Supplemental Report and Bill serve as a valuable point of reference for the Cayman Islands, guiding our approach to digital property rights within an evolving financial landscape.