03/07/2023
Addleshaw Goddard: Financial Services & Banking News
The inquiry coincides with the 25th anniversary of the Bank of England Act 1998, which gave the Bank independence, and will examine how operational independence is working.
Legal, Regulation & Compliance
03/07/2023
Linklaters acts for joint lead managers of record Luxembourg sovereign bond issue
The bonds are listed on the regulated market of the Luxembourg Stock Exchange.
03/07/2023
Two individuals face FCA fines for ‘flawed’ DB transfer advice
Both partners held approved person status at their firm.
03/07/2023
Millions released from dormant accounts to support vulnerable people with cost of living
£76 million tied up in forgotten accounts to be used to support people to get out of debt and assist social enterprises with innovative energy saving solutions.
03/06/2023
UK trade body for investment management joins IOSCO
IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation.
03/06/2023
German banks accused of short-changing savers with low rates
CIO David Herro questions ‘future of franchise’ after years of scandal and client exodus as shares hit new low
03/06/2023
ECB’s first chief economist says bank acted too late on inflation
Pioneer of single currency warns of further 'shocks’
03/06/2023
Personal Injury Claims in Jersey
It used to be the case that if you lost your case, you would usually be liable to pay the defendant’s costs.
03/03/2023
Implied terms and unjust enrichment: silence in court
The High Court held that Mr Barton was not entitled to anything as there was no contractual obligation on Foxpace to pay him if the property sold for less than £6.5 million.
03/03/2023
Addleshaw Goddard: Financial Services & Banking News
The guidelines set out in this consultation provide overarching guidance for global and domestic market practices
03/03/2023
Bank of England signals base rate may have hit stable point
The base rate currently sits at 4 per cent as of the last meeting of the monetary policy committee at the beginning of February - a fifteen year high.
03/03/2023
Implementation of EU’s Representative Actions Directive takes shape in Germany
In contrast to the model declaratory action, which is solely aimed at establishing facts and legal questions, the new redress action will make it possible to bring a joint claim for performance against businesses.
03/03/2023
Withers invests in digital estate planning platform Zenplans to deliver new services to clients
Once an account is set up, it can be shared with family members, advisors and executors so that everyone has access to the system at the appropriate time.
03/03/2023
FCA opens enforcement investigation into LME nickel trading suspension
BoE to closely supervise LME Clear
03/02/2023
Swiss bank employees indicted in connection to Russia president’s vast fortunes
The charges stem from bank accounts linked to Vladimir Putin’s childhood friend Sergei Roldugin, whose web of offshore companies was first revealed in the Panama Papers.
03/02/2023
Switzerland to Review its Banking Secrecy Law After Suisse Secrets Revelations
The probe will now determine whether Article 47 needs to be updated.
03/02/2023
Withers' charity and philanthropy team wins recognition in major awards and directories
Our practice is renowned for advising 65% of the UKs leading charities.
03/02/2023
Linklaters advises Macquarie on selling its stake in Energie Steiermark
The business aims to significantly expand Energie Steiermark’s role for clean energy within the grid through additional investment in smart grid infrastructure alongside the deployment of new wind, solar and hydropower capacity.
03/02/2023
UK banks asked to explain why some savings rates remain so low
The committee wants to know whether net interest margins are linked to the amounts that bank bosses are being paid.
03/02/2023
FCA launches study to assess uncompetitive data markets
Competition not working as it should