10/24/2021
Financial Regulation: Daily Update
The FCA intends to publish a third policy statement by the end of 2021.
Legal, Regulation & Compliance
10/24/2021
Climate Financial Risk Forum Guide 2021 - Managing legal risk
There is also an excellent Climate Data and Metrics report which was driven by Impax and Willis Towers Watson which shares key insights from thematic work across the Forum and applies these insights to an illustrative climate disclosure dashboard.
10/24/2021
Investment Firms Prudential Regime final rules published
It will refocus requirements and expectations away from the risks that firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.
10/22/2021
Changes to SPACs regulation will impact European tech M&A
That is changing, though, with several countries, including the UK, embracing reform in the hope of encouraging greater investment to enable innovative businesses to grow.
10/22/2021
Dutch regulatory authorities strengthen cooperation over regulation of digital activities
The AP also announced that the four authorities will jointly invest in knowledge, expertise and skills and will explore if they can support each other, for example by tackling problems in the digital market together.
10/22/2021
How share plans relate to European tech M&A and the digital skills shortage
Access to skilled labour is imperative to the success of any business, particularly in the technology sector where innovation is so vital to a business’ ongoing competitiveness, growth, attractiveness and value.
10/22/2021
Cyprus to Revoke 45 Golden Visas Issued Illegally
Because of obvious irregularities revealed by the media and the subsequent criticism by Brussels, it was terminated in 2020.
10/22/2021
European lawmakers and competition authorities focus on tech transactions
Recent decisions by national competition authorities under the merger control rules illustrate the current approach by the authorities to these issues.
10/22/2021
EBA replies to the European Commission’s call for advice on funding in resolution and insolvency
The EBA response provides a descriptive analysis on banks’ capacity to access resolution financing arrangements (RFA) based on banks’ balance sheets and their business models, as well as an analysis based on a modelling approach to simulate cr
10/22/2021
HMRC to send nudge letters to crypto asset investors
We have published detailed guidance to help our customers apply tax law to crypto assets correctly.
10/21/2021
Credit Suisse fined £147,190,276
Credit Suisse has also agreed with the FCA to forgive US$200 million of debt owed by the Republic of Mozambique as a result of these tainted loans.
10/21/2021
UK Government publishes National Artificial Intelligence Strategy
This announcement comes only a few months after the European Commission published its own comprehensive proposals for regulating AI technologies.
10/21/2021
Spotlight on UBS in Spurned CEO Case
After the Spanish bank yanked the job offer three months later, Orcel sued to be reinstated, or recompense.
10/21/2021
Danske Bank has deficiencies in its anti-money laundering work
The investigation identified deficiencies in Danske Bank's work to combat money laundering and terrorist financing.
10/21/2021
Carey Olsen confirmed as the leading Channel Islands law firm in Chambers UK rankings
The Chambers UK rankings follow last month's publication of the 2022 edition of The Legal 500 UK, which also saw Carey Olsen lead offshore firms in the Channel Islands with 18 top-tier rankings.
10/21/2021
English law trumps Italian contractual arguments in swaps litigation
The English High Court interpreted the Italian Supreme Court decision as being based on principles of Italian contract law
10/21/2021
UK government commits to regulating for future payments innovation
Financial regulation expert Andrew Barber of Pinsent Masons, the law firm behind Out-Law, said this suggested that the government considered the current voluntary contingent reimbursement model code for APP scams was not providing enough protection for cu
10/21/2021
The Climate Financial Risk Forum publishes second set of guides
A second round of guides to help financial firms manage climate-related financial risk has been published by the Climate Financial Risk Forum (CFRF).
10/21/2021
Anti-Money Laundering Transaction Monitoring in the Markets Sector
An industry perspective
10/21/2021
FCA probes tech giants' compliance with promotion rules
The FCA again told the government that duties on internet companies in the Online Safety Bill should extend to paid-for advertising, as well as user-generated content.