04/18/2022
Government plans new laws to protect Britons who use savings clubs
Move comes 16 years after collapse of Christmas savings club Farepak, which left thousands unable to access cash
Legal, Regulation & Compliance
04/18/2022
Policymakers right to be worried as UK housing boom shows no sign of waning
But situation needs looking at in global context because it is not a story of British exceptionalism
04/14/2022
US-Spain cooperation leads to seizure of Russian yacht
US attorney general Merrick B. Garland said the case was the first seizure of a Russia-linked sanctioned individual’s assets and promised that it would “not be the last”.
04/14/2022
London law firms to merge
The merger will bring together each firms’ complementary expertise to create a full service law firm.
04/14/2022
EU wants businesses to provide better product sustainability information
Under the proposed new rules manufacturers and retailers would have to inform consumers about the guaranteed lifetime of goods.
04/14/2022
Irish funds may have to revisit taxonomy disclosures over updated guidance from ESAs
“As the initial taxonomy regulation disclosures were being prepared, the ESAs suggested that they favoured a 0% taxonomy-alignment disclosure,”
04/14/2022
Financial firms can expect more scrutiny of outsourcing arrangements
Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g
04/14/2022
Dutch bank ABN Amro apologizes for historic involvement in slavery
The lender asked independent researchers in 2020 to investigate its own past
04/14/2022
Jersey freezes $7bn of Roman Abramovich's assets
The Royal Court also imposed a formal freezing order on 12 April
04/13/2022
Herbert Smith Freehills: Financial Regulation: Daily Update
The guidelines aim to enhance clarity and foster convergence in the application of certain aspects of the appropriateness and execution-only requirements.
04/13/2022
FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes
Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports.
04/13/2022
Highvern Ireland receives TCSP authorisation
This is a great opportunity to build upon what we already offer at Highvern, and to further cement our reputation for service delivery excellence, focussing on forging long-term client relationships.
04/13/2022
French growth seen at 0.25% in first quarter - central bank
Bank of France Governor Francois Villeroy de Galhau said the more than 8,000 businesses the central bank surveys each month were reporting a more uncertain outlook as the economic impact of Russia's invasion of Ukraine begins to be felt.
04/13/2022
Aviva subject of thousands of Fos complaints
From these new cases, 25 per cent were upheld, with six proactively resolved.
04/13/2022
Booming inflation but no booming economy
The Bank of England is looking more and more as if it is on the back foot in this fight against inflation.
04/13/2022
Addleshaw Goddard: Financial Services & Banking News
The letter proposes new time limits for the submission of regulatory mandates
04/13/2022
FCA expects only 8% of staff to strike
The 75% of Unite members who voted in favour of strike action would equate to about 450 staff
04/13/2022
ABN AMRO Bank Signs to Extend Partnership on the Temenos Banking Cloud
Dutch bank accelerates the pace of innovation and speed of software delivery with Continuous Deployment on the Temenos Banking Cloud
04/13/2022
Central Bank of Ireland makes changes to controlled function roles for financial firms
All existing PCFs classified as PCF-2 will automatically be classified as PCF-2A, ‘non-executive director’, unless a firm notifies the CBI that they should be an independent non-executive director.
04/13/2022
Financial Regulation: Daily Update
The Bank of England (BoE) has published an update on the joint BoE and FCA data collection transformation programme