04/17/2023
Is the UBS-Credit Suisse Deal on the Brink of Collapse?
By taking that route, approval through an extraordinary session of parliament was to have been a formality.
Legal, Regulation & Compliance
04/17/2023
IMF: Stress test of shadow banking could hinder sector regulation - reports
‘Distorted picture'
04/14/2023
EU watchdogs eye changes to Sustainable Finance Disclosure Regulation
Comments wanted by 4 July 2023
04/14/2023
CySEC imposes a fine of one million euro on Itrade Global (Cy) Ltd
Penalty issued over company’s failure, among other, to implement policies and procedures to monitor the activities of its Tied Agent in Spain
04/13/2023
Guidance Note: A Look Through the Obligation of Transaction Monitoring
The ultimate goal remains that of minimising the risk of illicit funds entering the Maltese economy, thus safeguarding the integrity and stability of the financial system.
04/13/2023
Norway wealth fund employee sues for workplace gender discrimination
The central bank, which pushes the firms it invests in to have more women on their boards and to combat all forms of discrimination, denies the allegations.
04/13/2023
Swiss Re shareholders approve all proposals at 2023 AGM
Shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors.
04/13/2023
British Steel pension redress scheme legal challenge dropped
This challenge has, in our view, been pursued unreasonably with little intention to go to trial so we are also pleased BSAG has agreed to make a substantial contribution to our costs.
04/13/2023
PRA fines the former Chief Information Officer of TSB Bank plc for a breach of the PRA’s Senior Manager Conduct Rules
The PRA has fined Mr Carlos Abarca, the former Chief Information Officer of TSB Bank plc, for breaching PRA Senior Manager Conduct Rules.
04/13/2023
'DWP must ensure small pension pots disruption is in savers' best interest'
Each of these options could consolidate small sub £1,000 pots but either of the proposed small pots solutions has the potential to consolidate much larger pots, potentially until savers have only the active pot.
04/12/2023
FCA orders WealthTek Limited Liability Partnership to cease operations as High Court appoints Joint Special Administrators and arrest made
The FCA is in close contact with the Joint Special Administrators and further information will be made available by them in due course.
04/11/2023
FCA and ASA team up with Sharon Gaffka to warn fin-fluencers of risks of promoting illegal ‘get rich quick’ schemes
Influencer agents and the Influencer Marketing Trade Body will be invited by the FCA to an open roundtable discussion on illegal financial promotions.
04/06/2023
Employer Compliance – Spring Statement 2023 update & Reporting Employment Related Securities
Currently employers are required to notify HMRC within 92 days of grant – a deadline which can easily be missed but which HMRC take very seriously.
04/06/2023
Bank of England split on future path of rate hikes
Huw Pill and Silvana Tenreyro
04/06/2023
FCA business plan highlights need for stronger government action on scams
The Online Safety Bill is a first step to tackling scams
04/06/2023
FCA sets clear plan for next 12 months
The FCA’s strategy is designed to be flexible and with the changing economic picture, the FCA is accelerating its work in 4 areas over the next year through further investment and increased resources.
04/06/2023
Four individuals face fraud charges
Two of the defendants were remanded in custody and 2 of the defendants on conditional bail ahead of first appearance at Southwark Crown Court on 2 May 2023.
04/05/2023
Central Bank Updates its Q&A on Digital Assets for QIAIFs
The revised Q&A does not change the Central Bank’s position in relation to retail investor alternative investment funds
04/05/2023
Vontobel cuts lines to customers in Russia
The implementation of the medium-term strategy 2022 to 2024 will be pursued consistently.
04/04/2023
PRA Regulatory Digest - March 2023
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.