03/04/2024
Pension funds to disclose level of UK investment under reforms
The government said this makes it difficult for policymakers and savers to understand where investment driven by auto-enrolment is going.
Legal, Regulation & Compliance
03/01/2024
FSB recommends further strengthening of the framework for global systemically important banks in Switzerland
The review examines Switzerland’s implementation of the FSB’s TBTF reforms for G-SIBs.
03/01/2024
Financial regulator finds wholesale data market can be improved
The FCA will take forward ideas to help support wholesale data being available on fair, reasonable and transparent terms as part of its work to ‘repeal and replace’ assimilated EU law.
03/01/2024
German team advises expert SE on reorganisation of group financing
The debut syndicated loan includes amortising loans, a revolving working capital facility and a revolving seasonal credit facility.
02/29/2024
Amundi Turns Against Swiss Franc as Central Bank Intervention Seen Done
The low-yielding franc has already tumbled nearly 3% against a basket of major currencies in 2024
02/29/2024
Deferral of German exit taxes when moving to Switzerland
The German Federal Fiscal Court (BFH) recently passed a landmark decision on exit taxation, concerning the deferral of taxes for individuals moving from Germany to Switzerland.
02/29/2024
Review of Solvency II: Reporting and disclosure phase 2 near-final
The rule instruments and policy material under both these PS’s however is near-final, as explained in paragraph 1.35.
02/28/2024
Digital 9 Infrastructure proposes investment policy change amid managed wind-down
General meeting on 25 March
02/28/2024
Winner of Business Advisory firm of the Year Jersey
BDO Jersey's Advisory practice delivers a comprehensive suite of services aimed at helping clients effectively manage risk, navigate change, and optimize business operations.
02/28/2024
FCA to improve pace and transparency around enforcement cases
The FCA will also close those cases where no outcome is achievable, more quickly.
02/27/2024
How to avoid FCA's crackdown on wealth management non-compliance
In a wealth management data survey, the FCA asks a number of questions
02/27/2024
CMA launches "painful" investigation into UK housebuilders
The original study was also looking into the industry’s use of landbanks, with early suggestions being whether builders were stockpiling land and artificially slowing delivery.
02/27/2024
ZEDRA and Knowa announce pioneering sole trustee governance collaboration
This collaboration introduces significant advancements in governance practices
02/26/2024
Commission invests over €233 million in Strategic Environment and Climate Projects across Europe
Six other projects have also been selected to boost nature and biodiversity.
02/26/2024
Unions go to war with FCA management (again) over performance-related pay
Employee union Unite said its members had rejected the FCA’s 2024 pay offer, citing lacklustre sub-inflation pay increases, though only a minority of FCA staff belong to the union.
02/23/2024
Cembra wants to cut dozens of jobs
The return on equity was 12.5 percent and the common equity ratio (Tier-1) was 17.2 percent.
02/23/2024
The EBA consults on the new framework for the business indicator for operational risk as part of the implementation of the EU Banking Package
The draft RTS on BI adjustments require institutions to use the actual three-year historical data or a limited number of alternative methodologies following an operation.
02/23/2024
ESMA seeks clarity on crypto-asset regulation: reverse solicitation and classification of crypto-asset as financial instruments
ESMA acknowledges the challenge of classifying crypto-assets when they combine multiple characteristics and purposes
02/23/2024
OECD Pillar One: Report issued on Amount B, simplification of transfer pricing rules
All businesses, regardless of size, are potentially in the scope of Amount B if they carry out suitable distribution activities.
02/23/2024
Abrdn: ‘Advisers will be fearful of any new regime’
Advisers will need to see it is clearly different from if the customer had taken holistic advice.