08/29/2024
FCA announces work into pure protection market
The FCA has concerns that the design of commission arrangements may not allow firms to deliver good outcomes to policyholders.
Legal, Regulation & Compliance
08/29/2024
NY regulator fines Nordea $35M over AML failures
The fine will have “no material impact” on Nordea’s financial position, the bank said.
08/28/2024
Former Barclays banker banned from top City job: Thomas Kalaris labelled 'dishonest' as he loses appeal
Saranac appealed, with a hearing held in July and yesterday the Upper Tribunal in London upheld the regulator’s decision to ban Kalaris.
08/28/2024
FCA to launch selling probe into commission practices on protection products
The FCA will focus primarily on the sale of four specific types of products
08/27/2024
European Banks’ CRE Valuations Likely to be Revised Down After ECB Findings
Some banks also used multiple valuations methods and averaged the results, without challenging the suitability of the methods for specific properties.
08/27/2024
FINMA recognises minimum standards for the training and further education of insurance intermediaries
FINMA will monitor the application of the new self-regulation
08/27/2024
Slimline Bank of England boss Bailey gets in shape after battle with the pounds
Bailey responded to a question about his new slimline appearance by admitting that his efforts to get his weight down have been yielding results.
08/23/2024
The Transition Period for ESMA’s Guidelines on Funds’ Names Has Commenced
Any new funds created on or after the Application Date are expected to apply these Guidelines from launch.
08/23/2024
Dentons advises lenders on financing for KKCG following its acquisition of Avenga
The financing will be used by KKCG’s Technology pillar to refinance existing loans used for the recent acquisition of Avenga
08/23/2024
Deutsche Bank reaches settlements with a large share of the plaintiffs in Postbank takeover litigation matter
Among the plaintiffs who agreed to a settlement is also the largest individual plaintiff in these proceedings, representing about one third of all claims.
08/23/2024
Sharp slowdown in wage growth boosts ECB rate cut hopes
Olympic boost can’t cover up the ongoing crisis in eurozone manufacturing.
08/23/2024
Asset Managers Split on Potential Impact of New FCA Rules on Investment Research
The survey aimed to gauge asset managers’ reaction to the final rules and to see whether the FCA’s changes to their initial proposals will change the industry response.
08/22/2024
Greater focus on pay equity and transparency under new Labour government
The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.
08/22/2024
FCA warns insurers over fair value and good customer outcomes
The Duty requires firms, including insurers, to ensure consumers are at the heart of their business and must act to deliver good outcomes for them.
08/22/2024
Greater focus on pay equity and transparency under new Labour government
The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.
08/21/2024
Charles Russell Speechlys advises Hudl UK, Limited on its acquisition of StatsBomb Services Limited
Hudl is a global leader in cloud-based solutions for video and data integration in the sports industry.
08/21/2024
FCA calls on insurers to ensure they demonstrate fair value and good customer outcomes
The regulator has also published its latest Value Measures Data (January – December 2023).
08/21/2024
Linklaters advises Carlyle on its majority acquisition of Seidor
The remaining 40% of Seidor will stay with the founding shareholders and executives.
08/20/2024
Norton Rose Fulbright advises BNP Paribas Bank Polska and other lender on extension of Argon office loan
Its timeless and elegant appearance is made possible by its unique form, modern elevation and its “lighthouse” base devoid of glazing bars and impressively-lit at night.
08/20/2024
Unique regulatory challenges presented by overseas appointed representatives
One of the top level challenges for principal firms is the differences in culture and language