12/28/2023
BNP Paribas caught up in Cyprus-related money laundering investigation
The suspicious financial flows, reportedly more than €220 million, were made between 2019 and 2021.
Legal, Regulation & Compliance
12/27/2023
Tax Fraud: Swiss Banker Pleads Guilty
He was involved in a scheme that helped wealthy US taxpayers to conceal their income and assets in offshore accounts.
12/27/2023
Everton new takeover gets boost after Financial Conduct Authority approval
Discover Everton FC's imminent ownership shift as 777 Partners nears approval, pending Premier League and FA clearance.
12/22/2023
Switzerland and the UK sign agreement on mutual recognition in financial services
The agreement boosts competitiveness and fosters the close cooperation between these two major international financial centres.
12/22/2023
Linklaters advises iliad on its €650 million bonds issuance and on a tender offer targeting its outstanding bonds due February 2024 and October 2024
The bonds issued are admitted to trading on the regulated market of Luxembourg Stock Exchange.
12/22/2023
Addleshaw Goddard: Financial Services & Banking News
The FPC is generally in support of the recommendations, and, among other things, states it is fully committed to supporting the Government’s economic policy in line with the FPC’s secondary objective.
12/22/2023
Ombudsman annual report highlights ‘good news’ for UK pension schemes
The report sets out the PO’s main focus areas for 2023-24, including measures to reduce wait times and deal with more complex cases in a more thorough way.
12/22/2023
Wirecard investor lawsuit against EY filed in Munich
It is one of several lawsuits EY is facing in the matter.
12/21/2023
Addleshaw Goddard Financial Services & Banking News
The CMA and BoE intend to review the MoU at least every 5 years
12/21/2023
Proposed new rules to encourage companies to list in the UK and other market improvements set out by financial watchdog
The FCA is suggesting disclosures for significant transactions while keeping sponsor scrutiny of related party transactions, rather than the current mandatory votes.
12/21/2023
IA's Karis Stander: Industry has to 'drive forward' on diversity in wake of Crispin Odey scandal
Data headwinds
12/20/2023
Proof of value a key challenge for firms as industry shifts focus to consumer
Outlook for 2024
12/20/2023
Cyber resilience good practice for firms
Cyber resilience is a top priority for us, the Bank and PRA.
12/20/2023
BoE's newest rate-setter Breeden warns further tightening cannot be ruled out
Important for policy to remain 'restrictive'
12/20/2023
EIB Group and BNP Paribas sign new securitisation transaction to support French small businesses and mid-caps
The securitisation transaction has been structured to achieve optimal risk-weighted asset relief over the next five years
12/20/2023
The Swiss Advantage: Why choose Switzerland for your next FDI venture
From company formation to tax filing and payroll services, IQ-EQ Switzerland offers a complete suite of corporate administration services
12/19/2023
FCA responds to the Complaints Commissioner’s Final Report into Premier FX Limited
The failure of Premier FX caused serious worry for people who had entrusted it with their money.
12/19/2023
An increase in the current deposit coverage level of EUR 100,000 would have limited impact on financial stability and depositor protection, an EBA simulation shows
On the other hand, it would be costly and have a somewhat negative impact on moral hazard.
12/19/2023
GDPR cyber liability and compensation rights clarified by EU court
In its ruling, the CJEU also provided further clarification of the circumstances in which individuals may be eligible for compensation in the event their personal data is compromised in a cyber incident.
12/19/2023
Banks underpricing exposure to climate risks - ECB
The report follows three previous ECB/ESRB reports on climate risk and is part of the ECB’s broader response to climate change.