06/23/2023
European Banking Authority Finds Payment Sector AML/CFT Controls Lacking
This makes it possible for firms lacking proper AML/CFT measures to conduct business in the EU by establishing themselves in countries with insufficient supervision.
Legal, Regulation & Compliance
06/23/2023
Calls for alternative pensions approach for doctors
Murray also pointed out that the chancellor himself had also suggested a doctors-only scheme “less than a year ago”.
06/22/2023
DWP review fails to address unnecessary points of friction in its pension transfer regulations
These regulations empowered pension schemes to raise red and amber flags where they saw risk of consumer harm, and in particular scams.
06/22/2023
Bank of England adopts ISO 20022
The central bank said businesses and consumers are unlikely to need to change their payments processes.
06/22/2023
Swiss National Bank tightens monetary policy further and raises SNB policy rate to 1.75%
From 2024 onwards, the new forecast is higher than in March, despite today’s increase in the SNB policy rate.
06/22/2023
Linklaters advises on a trio of high yield and leveraged financings for Triton
Linklaters also advised Italian-based portfolio company Bormioli Pharma
06/22/2023
Linklaters advises GIC and Copenhagen Infrastructure Partners
The first €270m tranche will add to the existing funding sources for the construction of the first stage of Golden Plains Wind Farm
06/22/2023
Lifetime Isa withdrawal charges soar 53 per cent
The consumer is also hampered if they purchase a home with a Lisa that is worth more than £450,000, a figure which has not changed since 2017.
06/21/2023
Margrethe Vestager to run for European Investment Bank top job
EU’s competition and digital regulation commissioner put forward as candidate for presidency by Danish government
06/21/2023
Addleshaw Goddard: Financial Services & Banking News
The date for the House of Commons to further consider the Lords amendments is yet to be announced.
06/21/2023
Financial stability risks from the non-bank sector: thinking system wide
Speech by Lee Foulger
06/20/2023
Crispin Odey no longer regulated to deal directly with clients
Holds no regulatory approval
06/19/2023
Addleshaw Goddard: Financial Services & Banking News
The EBA believes addressing these points will be essential to protecting the EU's single market from financial crime
06/19/2023
FCA receives 43 sexual harassment reports in 5 years
Crispin Odey fired the executive committee of OAM when they tried to reign the company’s founder in after launching a formal investigation into his behaviour.
06/19/2023
Odey AM employee assets restricted by FCA
Client assets remain unrestricted
06/19/2023
FCA proposals likely to hurt smaller MPS providers
Regulation aligning wealth and fund management activities will not worry large managed portfolio service providers but could threaten smaller businesses, warn industry figures.
06/19/2023
Paris summit to push for global debt and climate reform
World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries.
06/19/2023
Home REIT shareholder calls for FCA probe into 'campaign of misinformation'
The Boatman Capital
06/16/2023
ESMA launches Data Strategy for the next five years
Promote data-driven supervision – Enable cutting-edge, smart and effective data-driven supervision by joint developments and use of novel technologies;
06/16/2023
FCA proposes tougher rules for cryptoasset marketing
The rules will apply to ‘qualifying cryptoassets’