04/05/2022
Fighting history: monetary policy and flattening yields
The war in Ukraine has created a commodity shock that has intensified inflationary pressures, accelerating the need for monetary policy to respond.
Legal, Regulation & Compliance
04/05/2022
Addleshaw Goddard: Financial Services & Banking News
The proposal to include BBMs in EU legislation is an important element of the ESRB’s response to the Commission's Call for Advice.
04/05/2022
Herbert Smith Freehills: Financial Regulation: Daily Update
The European Securities and Markets Authority (ESMA) has published its final report on the review of the Short Selling Regulation (SSR).
04/05/2022
Walkers Advises on Financing to Support Development of 105 Victoria Street
The Walkers Banking & Finance team was led by Group Partner Tristan Maultby with assistance from Senior Counsel Elaine Kelly and Associate Rebecca Lever.
04/05/2022
Joint statement from UK Financial Regulation Authorities on London Metal Exchange and LME Clear
On Tuesday 8 March 2022, the London Metal Exchange (the LME) suspended nickel trading, having concluded a disorderly market had arisen. Nickel trading resumed on the LME on Wednesday 16 March. The suspension occurred amid challenging commodity market cond
04/05/2022
Linklaters advises Crédit Agricole on its new STS-labelled French public RMBS transaction
The transaction is part of the Crédit Agricole group's refinancing diversification policy and is intended to raise liquidity.
04/05/2022
Schroders Solutions chosen as OCIO for £10 billion Centrica pension schemes
Schroders Solutions is today announcing that it has been chosen by the trustees of Centrica’s pension schemes as the outsourced chief investment officer (OCIO) for their £10 billion assets. Centrica plc is a leading energy service and solution
04/05/2022
Linklaters advises the lenders in relation to the financing for Bridgepoint’s acquisition of Inspired Thinking Group
Established in 2009, ITG is a Birmingham-based technology-led marketing services business, creating and managing global multichannel marketing campaigns.
04/04/2022
Russia’s Sberbank to close London investment arm
The bank is unable to make payments because of sanctions, UK's FCA says
04/04/2022
Herbert Smith Freehills Financial Regulation:Daily Update
Reporting counterparties should report a LEI for non-EEA third country issuers where one is available and continue engaging with non-EEA third country issuers to encourage them to acquire a LEI if not.
04/04/2022
Thousands of UK workers to take part in four-day week trial
With work changed forever by the pandemic, firms say shorter week could help attract and retain staff
04/04/2022
Cum-Ex: Extradited tax lawyer is on trial in Germany
The tax attorney has to answer in Bonn for tax evasion.
04/04/2022
EBRD supports bedroom furniture company LETTO in Greece
Through its Advice for Small Businesses programme and with support from the European Union, the EBRD has helped the company with a new business strategy and sales plan.
04/04/2022
Skybound Wealth gains direct advice authorisation across the EU
Skybound has operations in Switzerland, the UAE, the US, the UK, and Australia.
04/04/2022
FCA cancels advice firm's permissions
The firm had also informed the regulator that it would transfer its customer business to another authorised firm but had not suggested that it will employ additional resources prior to this.
04/04/2022
Zurich advisor, banks and credit firms amongst 13 additions to Finma warning list
The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.
04/01/2022
Addleshaw Goddard: Financial Services & Banking News
The FCA is particularly interested to hear views on what the industry sees as the role for the regulator in the provision of synthetic data and solutions that will enable greater data sharing in a competition context without undermining data protection.
04/01/2022
FCA sets out plans to deliver £71.2 million of compensation to former British Steel Pension Scheme members
The FCA has previously set out that it will take strong action against impacted firms who try to avoid their responsibilities to pay compensation and already has an asset freeze in place on one firm.
04/01/2022
Open banking to evolve under new UK governance arrangements
The open banking reforms were mandated by the UK's Competition and Markets Authority (CMA) at the end of a review it conducted into retail banking which identified competition concerns in the market.
04/01/2022
Julius Baer is appealing in France
This in connection with large-scale trickery with French VAT