10/20/2022
FRC report puts increased focus on ethnic diversity and ESG in UK boardrooms
As a result, the actions and initiatives of companies and senior management teams are being reviewed with greater scrutiny.
Legal, Regulation & Compliance
10/20/2022
PRA fines MS Amlin Underwriting Limited £9,695,000 for failings in its governance, controls and risk management
Final notice from the Prudential Regulation Authority
10/20/2022
Jupiter slashes dividend on further outflow pain
The fund firm is slashing shareholder payouts after suffering another £600m outflow in the third quarter.
10/20/2022
Farrer & Co secures top rankings in Chambers UK 2023
12 of these individuals have been ranked in Band 1
10/19/2022
Pension trustees posing as advisers to pay £880k redress bill
They also promised a fixed return of 3.5 per cent per annum.
10/19/2022
PRA statement on credit risk mitigation eligibility, risk-based capital treatment, and leverage ratio treatment of guarantees under the Energy Markets Financing Scheme
HM Treasury and the Bank of England have launched the Energy Markets Financing Scheme (EMFS) to address the extraordinary liquidity requirements faced by energy companies operating in UK wholesale physical gas and/or electricity markets.
10/19/2022
Bunq wins AML case against Dutch Central Bank
The court has subsequently sided with Bunq.
10/19/2022
TISE grants employees special cost of living payment
The contribution was paid to employees across all of TISE’s operating jurisdictions, along with their October salary payments.
10/19/2022
Tax investigators gain access to Deutsche Bank
As has been the case since the investigation began, the bank continues to cooperate fully with the investigating authority.
10/19/2022
Signing of MoU with the Sustainable Finances Roundtable
The British Embassy in Asuncion and the Sustainable Finances Roundtable (MSF) signed an agreement that backs sustainable development.
10/19/2022
EQT publishes prospectus for admission to trading of shares on Nasdaq Stockholm
A prospectus regarding admission to trading of the newly issued shares on Nasdaq Stockholm has been approved
10/18/2022
EU Sanctions Hit HSBC’s Russian Customers in Hong Kong
An exception applies for those who also hold residency rights or are a nationals of a European Union member state.
10/18/2022
Addleshaw Goddard Financial Services & Banking News
The PRA focuses on challenges arising from the cost of living crisis.
10/18/2022
FCA to consult on advice regime for stocks and shares Isas
“Savers and investors are clearly crying out for help,” he said.
10/18/2022
ACER and ESMA enhance cooperation to strengthen oversight of energy and energy derivative markets
The two EU agencies have a long-established cooperative relationship considering the interlinkages between spot and derivative energy markets.
10/18/2022
FCA places restrictions on twice as many consumer investment firms this year
The FCA stopped 17 firms and seven individuals attempting to obtain a new FCA authorisation in the investment market where phoenixing or lifeboating was suspected.
10/17/2022
FCA fines Gatehouse Bank £1.5m for poor anti-money laundering checks
As a result, over a two-year period, Gatehouse accepted US$62,000,000 into the account without properly vetting the funds for financial crime risks.
10/17/2022
FCA allows Amigo to start lending again on a pilot basis
The lending pilot will enable the firm to test its updated approach, policies and procedures in a controlled environment and demonstrate that its new systems and controls meet our expectations and deliver good outcomes for consumers.
10/17/2022
CACEIS and Royal Bank of Canada sign a Memorandum of Understanding on the proposed acquisition of RBC Investor Services operations in Europe
This would include custody, global custody FX, fund administration, transfer agency, middle office and securities lending.
10/17/2022
UK's Hargreaves hit by lawsuit over Woodford fund failure
Both institutions have failed WEIF investors