10/29/2021
ESG Investments: Assessing the litigation and regulatory risk of ESG failings – Part 1: Litigation risk from investment "greenwashing"
Regulatory implications will be considered in Part 2 of this series.
Legal, Regulation & Compliance
10/29/2021
High-Level Synopsis of the Stocktake of the Unintended Consequences of the FATF Standards
Despite these efforts, de-risking and financial exclusion remain challenges for many sectors and run contrary to the RBA promoted by the FATF and core philosophy of the RBA.
10/29/2021
Banking Package 2021: new EU rules to strengthen banks' resilience and better prepare for the future
Today's package finalises the implementation of the Basel III agreement in the EU.
10/29/2021
Financial Regulation: Daily Update
The FCA report also examines how the industry is making commitments to reach net-zero.
10/29/2021
Responsible investment consultation: UK Charity Commission publishes responses
A point raised in the consultation was whether the term ‘responsible investment’ is helpful.
10/29/2021
Privy Council clarifies jurisdiction of freezing orders in key BVI case
Viewed from an English litigator’s perspective, the Convoy Collateral decision is not especially groundbreaking.
10/29/2021
Art collector's court case signals potential legal and contractual issues with NFTs
According to the NFT Report 2020, published by L’Atelier BNP Paribas and Nonfungible.com, the value of the NFT market grew by 299% in 2020.
10/29/2021
Dubai royal divorce begins
A ten-day hearing at the High Court before Mr Justice Moor will decide the payout for the princess and their two young children.
10/29/2021
Five European nations, US agree transitional approach to DSTs as regards Pillar One
Pillar One of the solution would reallocate taxing rights in favor of market countries coordinated with the removal of all DSTs.
10/28/2021
Financial Regulation: Daily Update
The new Direction will replace Specific Direction 8 (SD8) which expires on 2 January 2022.
10/28/2021
Cyber Security – What do pension scheme trustees need to know?
Indeed, 2020 was the busiest year on record for cyber attacks against UK business, with hackers taking advantage of factors like the pandemic and remote working.
10/28/2021
SRB amends guidance on notifications of impracticability of bail-in recognition clauses
FCA publishes policy statement on new authorised fund regime for investing in long-term assets
10/28/2021
Booze, fuel and new fiscal rules: Nine big Budget takeaways
The plans will keep ‘growth up, jobs up and debt down’, he claimed.
10/28/2021
UK to require pension trustees to report on climate change commitments
DWP said the proposals would help inform trustees’ investment decisions, stewardship and voting, and reflected industry calls for methodological flexibility.
10/28/2021
Markets await ECB stimulus clues amid rising inflation
Observers do not expect the ECB's 25-member governing council to alter the bank's massive stimulus programme significantly, as it seeks to nurse the economy back to health from the impact of the coronavirus pandemic.
10/28/2021
The new UK Long-Term Asset Fund
The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.
10/28/2021
Criminal network dismantled in Lithuania; the UK and Ireland
The investigation revealed street dealers operating in the UK and Ireland, who were nearly all Lithuanians.
10/28/2021
UK regulators pledge to embed climate change reports into all aspects of policy
Doing so creates opportunities for UK companies and consumers, as well as helping address climate change.
10/28/2021
EU says more time needed to put in place bank capital rules
Brussels delays until 2025 the implementation of final phase of Basel III reforms
10/27/2021
FCA statement on Liverpool Victoria
The FCA will continue to scrutinise LV’s proposals and activities should the court confirm that the member vote can be convened as planned.