10/31/2022
Germany temporarily relaxes insolvency law
The new rules will be implemented by the previous Covid 19 Insolvency Suspension Act
Legal, Regulation & Compliance
10/31/2022
ECB move to restrict bank subsidies to cost AIB and BoI up to €100m
European Central Bank to change terms of cheap loans to European banks
10/28/2022
Conister Bank applies for UK branch banking licence
This application is a significant milestone in our banking subsidiary’s UK expansion strategy.
10/28/2022
Addleshaw Goddard: Financial Services & Banking News
The Prudential Regulation Authority has published a statement on the Regulatory treatment of retail residential mortgages provided under private mortgage insurance schemes with similar contractual features to MGS.
10/28/2022
Authorised and recognised funds
Investment funds that are structured as collective investment schemes (CIS) must be authorised or recognised by us to be promoted to retail investors in the UK.
10/27/2022
Government sources reportedly say scheme is ‘dying’
But the government expects to make less than half by the end of this year – around €30m – and even less in 2023, with a forecasted revenue of €20m.
10/27/2022
Building Bridges: the COP31 lobby in Switzerland
If Switzerland hosts the COP in 2026 there will be an opportunity to create a more reasonable format that is adapted to environmental constraints and to have an agenda that focusses on themes where Switzerland has particular expertise.
10/27/2022
Value of lost pension pots hits £26.6bn
Figure has nearly doubled since 2018
10/26/2022
FCA greenwashing proposals important step to tackle 'lazy' ESG labelling
The lazy labelling of investment products as ‘ESG’ has not been helpful of late and has caused increasing confusion both to consumers and across the industry.
10/26/2022
Harlequin: the jester may be in jail but the joke isn’t over
Over 8,000 investors deposited almost £400m -mainly through Sipps – into off plan Caribbean hotel and similar properties.
10/26/2022
Regulatory treatment of retail residential mortgages provided under private mortgage insurance schemes with similar contractual features to MGS
Statement on the regulatory treatment of retail residential mortgage loans under private mortgage insurance schemes with similar contractual features to the Mortgage Guarantee Scheme
10/26/2022
Ogier in Luxembourg ranked "excellent" in Leaders League 2023
The international rating agency has also ranked Ogier "highly recommended" for banking and finance
10/26/2022
Addleshaw Goddard: Financial Services & Banking News
This consultation sets out the core elements of the regime, initially focusing on UK-based funds and portfolio management.
10/26/2022
FCA proposes new rules to tackle greenwashing
There has been growth in the number of investment products marketed as ‘green’ or making wider sustainability claims.
10/26/2022
FCA launches discussion on competition impacts of Big Tech on financial services industry
This is vital when we consider the role of Big Tech firms in the provision of key technological infrastructure like cloud services.
10/25/2022
Insurance outsourcing arrangements in Luxembourg will require more attention
The CAA has developed a standardised notification form that insurers and reinsurers can fill in and submit to it, and its letter provides guidance on the type of information that the firms should include in their written notifications.
10/25/2022
Crédit Agricole Consumer Finance has signed an agreement with the French manufacturer
Hopium for the delivery of 10,000 hydrogen-powered vehicles, reinforcing its commitment to green mobility
10/25/2022
FCA proposes rules to stamp out greenwashing
The new rules include restrictions on how investment managers use terms such as “green”, “ESG” or “sustainable” for products.
10/25/2022
Ogier Leman assists Leap Legal Software Ireland in acquisition of eXpd8
The acquisition was a share purchase transaction.
10/24/2022
Millions of Britons struggling with bills, warns regulator
The FCA has responded quickly to cost of living pressures, in line with its 3-year strategy to prevent serious harm and set higher standards.