04/27/2023
Hungary cenbank cuts top of rate corridor by 450 bps to 20.5%
The interest rate corridor is used to guide interbank markets toward the policy rate, putting limits on rate-setting
Legal, Regulation & Compliance
04/27/2023
Carey Olsen shortlisted twice in Hedgeweek's European Digital Assets Awards
The nominated service providers have been selected based on a survey of more than 100 digital assets fund managers.
04/26/2023
Monetary policy: prices versus quantities - speech by Ben Broadbent
Given at the National Institute of Economic and Social Research
04/26/2023
Regulation of Digital Assets in the UK
Growing up in the 80s and 90s, it was never normal or popular to be a bookworm.
04/26/2023
UK government publishes Digital Markets, Competition and Consumers Bill
The new rules in the Bill will allow the Competition and Markets Authority (CMA) to decide when consumer law has been broken, rather than having to take each case to court.
04/26/2023
Finma: Important Lessons to be Learned from Credit Suisse
Each year, the systemically important banks in Switzerland have to submit plans on how they can stabilize themselves in the event of a crisis.
04/25/2023
European Green Deal: New EU-Norway Green Alliance to deepen cooperation on climate, environment, energy and clean industry
This Green Alliance makes our bond even stronger and allows us to design a better future together.
04/25/2023
Losing data adequacy not a ‘complete disaster’, says Whittingdale
The UK government has previously described the proposed new Bill as a “common-sense-led UK version of the EU’s GDPR”
04/25/2023
Comentis launches vulnerability support framework
The FCA estimates that, at any one time, over 50 per cent of the adult population is experiencing circumstances that could result in a vulnerability.
04/25/2023
FCA warns investors about mismanagement of trust schemes
UK watchdog says it has seen cases of trustees making ‘unsuitable investments’
04/24/2023
The Companies Registration Office Wants to Know you Better
Part of the actions to combat these suspected fraudulent entities was to bring in a requirement for all directors to provide Personal Public Service (‘PPS’) numbers on appointment and on their Annual Return filings.
04/24/2023
ESMA finds data quality significantly improves under new monitoring approach
The new framework, adopted in 2022, takes a more data-driven and outcome-focused approach to data monitoring and to collaborating with the NCAs on data quality issues under EMIR and SFTR.
04/24/2023
FCA restricts wealth management firm over client money concerns
It also noted that the firm failed to obtain appropriate acknowledgment letters for client bank accounts where client money is held.
04/24/2023
Two LGPS pools call on Glencore for greater climate transparency
Other investors in the coalition include Scottish Widows, Man Group, EFG Asset Management, Swiss Federal Pension Fund PUBLICA, Pensionskasse SBB, Downing Fund Managers and Fulcrum Asset Management.
04/24/2023
FCA sets out recommendations for LDI managers
The FCA has also been engaging directly with firms involved in the management of LDI portfolios to develop and maintain increased resilience to deal with possible future volatility.
04/24/2023
Financial watchdog puts banks on alert in fight against money laundering via the Post Office
Post Offices are an important part of protecting access to cash for people and small businesses.
04/24/2023
BSPS firm placed under investigation by FSCS
During 2017, BSPS members were asked to make decisions about their pensions as part of a restructure of the scheme.
04/21/2023
Subprime Debacle Catches up With Credit Suisse in Court
The suit was brought by Loreley Financing, a subsidiary of German bank IKB, which alleges Credit Suisse misled it with false statements in a $100 million investment in 2007.
04/21/2023
New iPhone app for HNWs caught up in fraud and tax raids
HNWs and businesses facing dawn raids by the SFO and HMRC can now get rapid-fire advice when the authorities turn up unannounced
04/21/2023
Addleshaw Goddard: Financial Services & Banking News
The purpose of the framework is to ultimately achieve better outcomes for consumers, firms and the industry as a whole, through building on the existing collaborative work that takes place.