06/15/2022
Addleshaw Goddard: Financial Services & Banking News
These include product suitability and price transparency, uncertainty of insurance cover, culture and resilience.
Legal, Regulation & Compliance
06/15/2022
Food insecurity following Ukraine war set to drive more volatility
Between them, Russia and Ukraine also supplied more than half of the world’s sunflower seed.
06/15/2022
Addleshaw Goddard: Financial Services and Banking News
The draft regulations make consequential changes as a result of the Financial Services Act 2021
06/14/2022
Trial set for 2024 for Lloyds bank manager accused of theft
Hussain, of Romford, denies fraud, transferring criminal property and conspiracy to defraud.
06/14/2022
Financial Services & Banking News
The DCE will assist the analysis of, amongst other things, potential reform options relating to MA-FS methodology.
06/14/2022
Five new partners for Carey Olsen in Bermuda, Jersey and London
The five promotions bring the total number of partners across the Carey Olsen group to 68.
06/14/2022
Deciphering stablecoins: A financial stability risk?
Last week, a consultation paper suggested the UK Treasury would give the BoE authority to address the collapse of failed, systemic stablecoins.
06/13/2022
Explainer: What does Russia’s “zero inflation” mean?
In two of the last three weeks with data, Rostat said Russia actually recorded a slight deflation.
06/13/2022
UK's New N.Ireland Trade Rules Will Not Break Law, Minister Says
Any unilateral move by London to override the treaty will inflame a simmering argument with the European Union.
06/13/2022
FCA fines guarantor lender TFS Loans Ltd (in administration) and requires it to provide redress to affected guarantors
The FCA has also imposed a requirement on TFS to redress the guarantors that were harmed by the firm not conducting appropriate checks.
06/13/2022
PRA statement on removing the PRA buffer adjustment in PS15/20
This statement provides an update on the PRA’s approach to the PRA buffer.
06/10/2022
Linklaters advises the lenders on the US$6bn restructuring of Nordic Aviation Capital
This was a rare example of security over such a large number of aircraft being taken at once, in such a short period of time.
06/10/2022
Brent Hoberman Welcomes Chronos Law to Founders Forum Group
The firm combines the expertise of private practice with the accessibility of in-house legal counsel.
06/10/2022
Directors banned over £8.9mn hotel investment scheme
But the partnership went into insolvency in February 2017, with creditors claiming £14.8mn in the liquidation.
06/10/2022
FCA appoints members for new Secondary Markets Advisory Committee
The purpose of the committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives.
06/10/2022
Eurozone interest rates set to rise for first time in 11 years
"It is not just a step, it is a journey," ECB President Christine Lagarde said of the moves.
06/10/2022
Anti-money laundering proposals ‘uninspired and insipid’, say MPs
Law Commission review of corporate criminal liability in England and Wales also criticised by campaigners
06/10/2022
Neuchâtel WM obtains Finma licence
Firms which manage assets on a commercial basis in the name and on behalf of occupational pension schemes must be authorised by the regulator, according to FinIA, which came into force on 1 January 2020.
06/10/2022
PIMFA publishes diversity & inclusion reports as it extends deadline for entires to this year's D&I Awards
“We are really excited to be holding our Diversity & Inclusion Awards again this year."
06/10/2022
Raising rates, calming markets – testing times for the ECB
That makes a shallower hiking cycle in Europe more likely, with rates peaking at 1.25% in the first quarter of 2023.