04/28/2022
Central Bank warns banks to do more to help customers move accounts
Regulator summons bank chiefs to meeting over KBC and Ulster Bank account transfers
Legal, Regulation & Compliance
04/28/2022
Addleshaw Goddard Financial Services & Banking News
Given the need to manage these risks, the government intends to provide the Bank of England (BoE) with powers to oversee the wholesale cash distribution system
04/28/2022
Operational Resilience: Next steps on the PRA’s Supervisory roadmap − speech by David Bailey
David Bailey talks about the work we do with UK banks and building societies to strengthen their resilience to any disruptions to their operations.
04/27/2022
Anti-money laundering startup First AML opens UK doors to rush of inbound business enquiries
First AML automates the highly manual Anti-Money Laundering (AML) Customer Due Diligence/Know Your Customer (CDD/KYC) process.
04/27/2022
Are you affected by the UK National Security and Investment Act?
Once completed, the checker will send you a brief report summarising the results and offer you a complimentary follow up call with Mishcon de Reya or Taylor Vinters to discuss any next steps required.
04/27/2022
Herbert Smith Freehills: Financial Regulation: Daily Update
The FCA has confirmed that, following the conclusion of a successful pilot, it will expand its Early and High Growth Oversight approach to provide 'closer support' for newly authorised businesses by the end of 2023.
04/27/2022
Critical issues in financial regulation: The FCA's perspective
To be more rigorous on firms seeking approval to operate in our markets, to tailor our rules to better suit our global markets and play a leadership role in supporting the market-led transition to a more sustainable economy.
04/27/2022
FSCS declares two BSPS advice firms in default
The FSCS also declared West-Yorkshire based firm Keywood Olley & Associates, trading as North East Mortgages and EMH Financial Planning, in default on April 5.
04/27/2022
Jersey court jails three money launderers for total of 10 years
They were arrested on Thursday 28 October 2021 by officers from the States of Jersey Police Joint Financial Crime Unit along with assistance from the Jersey Customs and Immigration Service.
04/27/2022
EBRD enhances trade finance for Ukraine
These measures are part of €1 billion of activity that the EBRD intends to undertake this year in Ukraine, in cooperation with donors and other partners.
04/26/2022
FCA announces asset retention rules for British Steel advice firms
'We will act swiftly if the rules aren’t being followed.'
04/26/2022
Two Russian Oligarchs Die in Mysterious Circumstances 24 Hours Apart
The scene suggested the women had been stabbed, before Protosenya hanged himself in the garden.
04/26/2022
Generali Faces New Test As Bitter Battle For Control Nears Climax
The investment bank that has long been a powerbroker in Italy and is Generali’s largest investor
04/26/2022
Final FCA rules on mandatory D&I reporting of UK listed company boards and executive management
The new requirements largely reflect the proposals originally made by the FCA in July 2021
04/26/2022
EDPB issues statement on EU-US new international data transfer arrangements for an ‘enhanced’ Privacy Shield framework
The EDPB looks forward to assessing carefully the improvements that the new EU-US agreement may bring in light of EU law, the case law of the CJEU case law and the previous recommendations the EDPB has made.
04/26/2022
Proposals to simplify the Company's dual share class structure through enfranchisement
Under the enfranchisement, each Non-voting Share will be converted into one Ordinary Share and all such re-designated shares will have the same rights as the existing Ordinary Shares, including full voting rights.
04/26/2022
French Police Conduct Greensill Related Raid
French criminal investigators raided the Paris offices of GFG Alliance Group, along with metalworks formerly belonging to the company.
04/26/2022
Bufferati - speech by Sam Woods
Sam Woods looks at the rules that are in place to make sure banks have enough capital put aside to withstand economic shocks. He sets out a radical, alternative approach that he argues would be much simpler.
04/25/2022
CASS Compliance: The importance of good governance
The FCA frequently discuss these two dimensions in public enforcements cases they issue.
04/25/2022
European police take down $22m crypto investment fraud across 71 countries
The criminal justice agency further said that authorities in Finland, France, Germany, Latvia, the Netherlands and Ukraine conducted the operation and seized 50 servers.