08/29/2021
Financial Regulation Daily Update
A lack of adequate data and common standards remain key challenges to be overcome to drive ESG integration.
Legal, Regulation & Compliance
08/27/2021
Financial Dispute Resolution
The element of deception: can a party claim litigation privilege over information obtained by misleading another party?
08/27/2021
Financial Regulation: Daily Update
The FCA has published a template portfolio letter to boards of directors on loan-based peer-to-peer (P2P) crowdfunding platforms.
08/27/2021
New draft guideline in Germany to prevent greenwashing
If the investment terms of a fund were approved before 2 August, the fund will be exempt from the new rules.
08/27/2021
Banks and insurers licensed to exchange fraud data in the Netherlands
The licences granted by the AP only applies to processing activities taking place in the Netherlands.
08/27/2021
PRA remit could change for UK investment firms regime
The FCA opened its third consultation on proposed IFPR rules, covering changing prudential standards, earlier this month.
08/27/2021
EU privacy watchdog calls for stricter data use to guarantee fair access to credit
The opinion argues that a stronger, clearer framework should be implemented when it comes to credit assessment, at a time when new lending platforms have started to dig into non-traditional sources, like social media data or consumer browsing history, to
08/27/2021
Government urged to make CDC pension schemes more accessible
This means there are currently limited options for sponsors who may wish to explore different benefit structures.
08/27/2021
FCA will go for 'high-profile scalps' over adverts
The latest research from InfluenceMap finds that not all strategies with climate in their name are aligned with carbon-neutral targets.
08/27/2021
Remote right to work checks to continue until 5 April 2022
In many cases, this involved meeting the employee and checking their documents in person.
08/27/2021
Frontier workers: Swiss government adopts new agreement with Italy
The new agreement will enter into force once the Italian parliament ratifies it.
08/27/2021
Germany and US issue joint statement on spontaneous exchange of CbC reports for 2020
According to the German regulations, in the absence of such an information exchange agreement, a German taxpayer must submit the group’s CbC report to the German competent authority, even if the ultimate parent company submitted the report on time
08/26/2021
Danske Bank defeats appeal in U.S. over money laundering scandal
Their lawyers did not immediately respond to requests for comment.
08/26/2021
US probes Deutsche Bank's asset management arm over sustainability claims
The agency earlier this year established a task force to root out misconduct related to environmental, social and governance issues.
08/26/2021
Mounting workloads and staff struggles: Can the FCA keep up?
A mounting workload is throwing up tough decisions for the regulator
08/25/2021
Hundreds of advisers give up permissions during pandemic
Recent data found many UK advice firms saw a decline in profitability through 2020, despite some of the larger firms reporting profitable years.
08/25/2021
LCF investors drop appeal against FSCS
The issue of compensation from the FSCS has been a matter of debate as mini-bonds are unregulated investments and therefore not protected by the scheme.
08/25/2021
Kirkland Represents Nordic Capital
The transaction is expected to close in late 2021
08/25/2021
Report: Italian Mafia Exploits Cryptocurrency and the Deep Web
The anonymity offered by the online markets is particularly valuable to the criminals amids the pandemic
08/25/2021
Former Santander employee accused of multimillion-pound fraud
Belfast man (39) to stand trial on 66 counts of fraud by abuse of position with bank