05/10/2022
GFG Facing UK Insolvency Hearing After Credit Suisse Ends Talks
The bank granted Gupta additional time by postponing hearings but has now broken off talks, which will lead to the commencing of insolvency hearings.
Legal, Regulation & Compliance
05/10/2022
Leading BVI academic weighs into controversy over UK direct rule
"We are committed to the decolonisation of the Caribbean and deplore the persistence of colonial rule of the people in the region.
05/10/2022
Flagstone receives regulatory approval in Jersey for new international arm
Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.
05/10/2022
Jersey lists sovereign bond on TISE
Jersey has listed a new £500 million government bond on The International Stock Exchange (TISE).
05/10/2022
MEPs back major AI reforms
It called for the EU to become a global standard setter for AI.
05/09/2022
Long Arm of U.S. Law Nabs Oligarch's Yacht in Fiji
The yacht arrived in Fiji on April 12, and a week later a judge ordered authorities to prevent is leaving Fijian waters.
05/09/2022
FCA bans five 'reckless' directors for unsuitable pension advice
The City watchdog said the firms provided unsuitable advice to more than 2,000 customers, with losses of more than £50mn.
05/09/2022
Digital Markets Act: Commission’s expectations on timeframes clarified
The Commission will be responsible for enforcing compliance with the DMA.
05/09/2022
Directors should take note of recent updates to Irish corporate law
Future legislation is expected to put some of these measures on a permanent basis.
05/09/2022
Reforms to UK competition law and merger control regime confirmed
The government has also decided against legislating specifically for the handling of whistleblowers in the context of competition law cases.
05/09/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/08/2022
Financial Regulation: Daily Update
The FCA is more resilient to the economic and geopolitical disruptions of today
05/08/2022
The widening scope of the Quincecare Duty
The Philipp case provides an excellent opportunity for financial instructions to review and improve their APP fraud measures.
05/06/2022
Digital Services Act agreed by EU law makers
Fines of up to 6% of the annual global turnover of will be able to be levied on online platforms and search engines that fail to comply with the new legislation.
05/06/2022
European data protection authorities agree to enhance cooperation
The EDPB said there are qualitative and quantitative criteria that the authorities will refer to for collectively identifying when a cross-border case is to be subject to the enhanced cooperation measures.
05/06/2022
Irish Central Bank outlines SFDR and taxonomy disclosure expectations for Irish funds
The latest draft of the RTS will now be scrutinised by the European parliament and the Council of Ministers and are expected to apply from 1 January 2023.
05/06/2022
Financial Regulation Daily Update
The campaign aims to raise awareness of increasingly sophisticated investment scam tactics.
05/06/2022
FCA warns of 'poor' practices ahead of D2C platform review
The City watchdog said it had found: a lack of a succinct comprehensive list of charges being clearly signposted
05/06/2022
Sberbank Facing Swift Expulsion
Sberbank and the other two banks would join seven other banks that the EU said it would bar from Swift in March.
05/06/2022
Financial Services & Banking News
The updated ITS specify the data collection for the supervisory benchmarking exercise of 2023 in relation to the internal approaches used in market and credit risk and IFRS9 accounting.