11/17/2021
IQ-EQ acquires U.S. outsourced compliance provider
Global Investor Services Group IQ-EQ deepens its U.S. foothold with strategic acquisition
Legal, Regulation & Compliance
11/17/2021
FCA confirms rules for legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR
The FCA has confirmed it will allow the temporary use of ‘synthetic’ sterling and yen LIBOR rates in all legacy LIBOR contracts, other than cleared derivatives, that have not been changed at or ahead of end-31 December 2021.
11/17/2021
Financial Services & Banking News
The proposed changes are aimed at ensuring that the framework still addresses the key systemic risk intended by the FPC
11/17/2021
Linklaters - Launching new resources on financial crime risks in the art market
Regulators in Europe have already taken notice
11/17/2021
A Guide to Anti-Money Laundering for Digital Banks
Increased time spent living and working at home during the pandemic spurred many late adopters to embrace digital banking practically overnight.
11/17/2021
Calls for greater regulation of AI in the workplace
A final report produced by the All-Party Parliamentary Group on the Future of Work November 2021
11/16/2021
Rabobank faces punishment over customer anti-money-laundering checks
Both banks were warned by the DNB about their weak enforcement of anti-money-laundering practices ahead of the settlements.
11/16/2021
Financial Regulation: Daily Update
It also sets out the FCA's disclosure expectations and supervisory strategy, and includes a consultation on a new technical note on environmental, social and governance and sustainability.
11/16/2021
High court Rectifies pension increase provisions in Mitchells & Butlers Pension Plan
In another aspect of the case, Mr Justice Trower declared that the amendments by which the pension increase provisions were introduced should be set aside.
11/16/2021
Daily Legal Update
This draft heat network delivery plan sets out how the provisions of the Heat Networks (Scotland) Act 2021, and related policies, will contribute to increased heat networks across Scotland.
11/16/2021
‘Right to rest’: inside Portugal’s bold bid to regulate remote working
Newly passed leglisation bans bosses from contacting employees outside work hours
11/16/2021
Ground-breaking FRC report sets out what it expects from audit firms to deliver high quality audit
To support the delivery of high-quality audit, the report provides a range of examples of good practice identified by the FRC over recent audit quality inspections and supervision work.
11/16/2021
London wealth boutique brought down by AR's pension transfers
Meyado Private Wealth Management London was prevented from taking on new clients in March this year.
11/15/2021
FCA Launches The Long Term Asset Fund To Encourage Investment In Illiuid Assets
Until now, some investors have been unable, or unwilling, to invest in long term illiquid assets even though these assets could meet their investment goals.
11/15/2021
FCA promises to bring down ballooning FSCS levy
The Financial Conduct Authority is preparing plans to stabilise and reduce the Financial Services Compensation Scheme levy.
11/14/2021
FPC: Cloud Adoption
The regulators have now taken an action to review the need for additional policy measures
11/14/2021
EBA issues requirements on institutions’ Pillar 3 disclosure of interest rate risk exposures
The standards will amend the comprehensive ITS on institutions’ public disclosures
11/14/2021
Voluntary disclosure of sovereign exposures
The Committee has not reached a consensus to make any changes to the regulatory treatment of sovereign exposures
11/14/2021
Revisions to market risk disclosure requirements
The revised standard introduced a "traffic light" approach for capital requirements
11/14/2021
EBA publishes final draft technical standards on individual portfolio management by crowdfunding service providers
When investing in a portfolio of loans offered by crowdfunding service providers, investors may face potential information asymmetries.