10/05/2021
Financial Regulation: Daily Update
Participants will continue to engage on these topics, as well as on other topics of mutual interest, ahead of the next Forum meeting, which is expected to take place in early 2022.
Legal, Regulation & Compliance
10/04/2021
Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax
Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister
10/04/2021
Sarasin fined €385,000 and reprimanded by the Central Bank of Ireland
Sarasin Funds Management (Ireland) Limited fined €385,000 and reprimanded by the Central Bank of Ireland for breaches of investment restrictions and inadequate supervision of delegates
10/04/2021
Will Bulgaria and Croatia meet their eurozone accession deadlines?
Croatia’s adoption of the single currency will be eurozone’s first enlargement since Lithuania joined in 2015.
10/04/2021
Monte dei Paschi’s slow approach to altar reveals EU banking flaws
Politics still stymies the consolidation of European banking fiefdoms
10/04/2021
European banks canceling fossil fuel companies over ESG liabilities
There’s already evidence that upstream oil and gas projects are falling out of favor as banks move beyond coal exclusions.
10/03/2021
Millions stolen from Barclays accounts by Monzo fraudsters
Criminals using Monzo account carried out the thefts using a new money transfer method called Pisp, or payments initiation service provider
10/03/2021
Woodford investors may have to wait another three years for compensation if watchdog fails to intervene
This was the stark admission made late last week by law firm Leigh Day as it started court proceedings against Link on behalf of investors who lost money in the meltdown of the Woodford fund in 2019.
10/01/2021
Financial Regulation: Daily Update
In the template letter, the PRA sets out the thematic feedback from its review of written auditor reports received in 2021.
10/01/2021
UK Government to open door to unlisted Real Estate Investment Trusts
In addition, the new REIT legislation proposals will contain other flexibilities that will make the UK even more attractive as a property investment hub:
10/01/2021
German online bank with worldwide offices fined €4.25m
All measures to improve reports of suspicious activities had been implemented earlier this year, the bank said.
10/01/2021
Cleary Gottlieb Wins Legal Business Corporate Team of the Year Award
The Legal Business Awards also highly commended Cleary for two further awards:
10/01/2021
Morgan Lewis Deepens International Projects and Infrastructure Strength with Partner Seyfi Can Kandemir in London
His representations span developed and emerging markets throughout Europe, the Middle East, Africa, and North America.
09/30/2021
Further arrangements for the orderly wind-down of LIBOR at end-2021
hese 6 LIBOR settings will be available only for use in some legacy contracts, and are not for use in new business.
09/30/2021
Financial Services & Banking News
The deadline for responses to CP19/21 is 12 October 2021
09/30/2021
FCA: Benchmarks Regulation: our new powers, policy and decision-making
Benchmarks are used in a wide range of markets to help set prices, measure performance, or work out amounts payable under financial contracts.
09/30/2021
EU General Court backs European Commission’s tough stance on merger control “gun jumping”
It underscores why it is critical to have robust procedures in place, not just on paper but in practice, to manage contact between the buyer and the target both before signing and between signing and completion.
09/30/2021
Why flexible green funding is essential for transition assets
Central and eastern Europe, the EBRD’s region, has some of the highest carbon emission rates in the world, due partly to its carbon-heavy industries.
09/30/2021
Financial Regulation Daily Update
The FCA intends to confirm its decisions as soon as practicable after the consultation closes.
09/30/2021
Baker McKenzie Announces Global Revenues of USD 3.1 Billion
Most regions recorded significant growth