07/08/2021
Former boss of City of London firm charged over £50m fraud
Anthony Constantinou allegedly used Capital World Markets, a now defunct forex trading firm, to attract investors
Legal, Regulation & Compliance
07/08/2021
Past business reviews underway in 11 advice firms
FTAdviser understands that PI insurers may need to be involved as some policies include conditions which prevent firms from acting without the agreement of the insurer, otherwise the cover will be invalidated.
07/08/2021
Client funds saved after duping by fraudulent investment broker and two crypto platforms
Binance has issued a statement saying that it is working with the regulators.
07/08/2021
Guernsey’s insurance regime allows innovation to flourish
Paratus Maritime Insurance Limited was launched to create price certainty, allowing policy holders to manage volatility
07/08/2021
Walkers' Jersey Team Advises Suntera Global on Successful Application for Fund Administration Services Licence
Suntera already held fund administration licenses in the Cayman Islands, Bahamas and Isle of Man.
07/08/2021
A Guide to the Steps to take if you inherit a property in Italy
If you make the decision to accept the inheritance it is strongly advised that you should instruct probate lawyers experienced in Italian succession law
07/08/2021
Monetary Authority of Singapore and Banque de France Break New Ground in CBDC Experimentation
First use of automated market making in m-CBDC experiment
07/07/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror
07/07/2021
Fund managers falling short on assessing the value of their funds
Our review found that, while some had been conducting AoV assessments well, too many AFMs often made assumptions that they could not justify to us, undermining the credibility of their assessments.
07/07/2021
Carey Olsen supports Nordic Capital on first mid-market Evolution Fund
Carey Olsen's investment funds team has advised European private equity firm Nordic Capital on the €1.2 billion final closing of its first Evolution Fund.
07/07/2021
Ogier advises Cain International
Its remaining capital will be used to target opportunities in the residential sector in markets where Cain has an established investment track record.
07/07/2021
Spotlight on diversity and inclusion in a time of crisis
In other jurisdictions, governance change is also afoot, with the PIRC introducing gender quotas at board level in Germany, and NASDAQ proposing diversity quotas for its companies too.
07/07/2021
Top UK regulators join forces to tackle regulated firms' lack of diversity
The discussion paper also focuses on the importance of data and disclosure in order to enable firms, regulators and other stakeholders to monitor progress.
07/07/2021
Agents should prepare for an increase in AML legislation due to Brexit
The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.
07/07/2021
Regulators mull linking exec pay to diversity targets
These measures include linking remuneration to diversity and inclusion metrics and the regulators’ approach to it in terms of non-financial misconduct.
07/07/2021
A Quantum Leap for Financial Services
The workshop also pointed to the challenge security will pose to regulators in various sectors
07/06/2021
What does Brexit mean for tax havens and the City of London?
The words ‘competitive advantage,’ or ‘competitiveness’ when applied to a financial sector, are clear warning signals for those of us who look closely at these things.
07/06/2021
FCA consults on reforms to improve the effectiveness of UK primary markets
The FCA’s suggested reforms seek to address, and build, on the proposals in these important reviews to ensure that the UK remains an attractive place to grow and list successful companies.
07/06/2021
New law opens gates for institutional crypto investment in Germany
The new law could facilitate a massive influx of German financial capital into the crypto industry, with some analysts speculating this latest move will open the door to $415B in potential investment in cryptocurrencies.
07/06/2021
Delta spells new risk dimension for markets
Beyond investors’ fears of runaway inflation potentially triggering a premature hike in interest rates, the fast-spreading variant now poses a threat worth watching for economic recoveries and financial markets.