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Legal, Regulation & Compliance

07/01/2024

Pensions Ombudsman decisions offer reassurance around risks of providing online systems

If in any doubt about their fund information, they should contact their provider by phone or secure message, rather than rely solely on their provider’s online system.

06/28/2024

ECB publishes supervisory banking statistics on significant institutions for the first quarter of 2024

The year-to-date amounts presented in the profit and loss tables are now also available as linearly annualised in the ECB Data Portal .

06/28/2024

snappi receives banking license from the European Central Bank

The licensing process was facilitated by snappi's experienced team

06/28/2024

EU watchdog calls out banks for inflating capital buffers

They convert into equity or are written off if a bank's capital drops below a certain level.

06/27/2024

The EU Corporate Sustainability Due Diligence Directive is final: how can companies prepare?

Many companies that will face extensive obligations under the CSDDD will also be subject to requirements pursuant to the Corporate Sustainability Reporting Directive

06/27/2024

Private Client and Trusts team shortlisted for two STEP awards

The STEP Private Client Awards are seen as the hallmark of quality within the private client industry.

06/26/2024

Federal Council confirms implementation of final Basel III standard with effect from 1 January 2025

The Federal Council took note of the most recent developments.

06/25/2024

Killik & Co accused of ‘unethical’ behaviour after bypassing adviser

They kept saying ‘this is unethical, they shouldn’t be doing this?

06/25/2024

FCA regulatory updates 2024: what’s happened so far?

IQ-EQ has compliance consulting teams based in the U.S., UK, Hong Kong and Singapore as well as the Middle East, Continental Europe and Japan.

06/24/2024

FCA takes action against three individuals from SVS Securities for mistreatment of pension funds

The FCA has decided to ban and fine 3 individuals who were involved in running SVS Securities Plc (SVS), a discretionary fund manager.

06/24/2024

Pension fund administrator obtains Finma approval

Pekam offers specialised services for pension funds that outsource their administrative tasks

06/21/2024

St James’s Place under scrutiny: what do its customers say?

New regulations introduced last summer

06/21/2024

IHT receipts surge 16.6% amid UK election manifesto pledges

OBR’s forecast paints IHT as an increasingly lucrative source of income for the government

06/21/2024

Citigroup fined $14mln in Germany for regulatory lapses

The fine was announced by German regulator BaFin on Thursday and targeted at Citigroup Global Markets Europe AG

06/21/2024

Profitability of EU banks remains resilient although the sector is confronted with materialising credit risks

EU/EEA’s banks continue to benefit from wide interest margins improving further their profitability and capital position.

06/20/2024

Euro Banking Association publishes paper on navigating the path to embedded finance

The key objectives of the report are to spark, structure and inform a discussion about how financial institutions will likely be affected by the embedded finance trend and what a collaborative approach in this area could look like.

06/20/2024

Monetary policy assessment of 20 June 2024

Swiss National Bank eases monetary policy and lowers SNB policy rate to 1.25%

06/20/2024

Bank crisis management and deposit insurance framework: Council agrees on its position

With this agreement, the Council is ready to engage in negotiations with the European Parliament on the final shape of the legislation.

06/19/2024

HSBC Switzerland violates money laundering guidelines

Regulating money laundering was broken by HSBC Switzerland.

06/19/2024

EU to delay core element of Basel bank capital reforms by one year

Countries are introducing the last batch of a global bank capital accord known as Basel III, rolled out after taxpayers were forced to bail out lenders in the global financial crisis of 2007-09.

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