07/12/2021
Central Bank of Ireland updates AML/CFT Guidelines for Financial Sector
The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.
Legal, Regulation & Compliance
07/12/2021
Dealing with the publicity of a family feud - a modern way of thinking when it comes to the media
Blood may be thicker than water, but when it comes to a family dispute blood can boil far more readily than in a colder more clinical fight with an independent third party.
07/12/2021
​Norway’s GPFG backs requiring UK companies to report climate risks
The pair said company accounts were central to NBIM’s investment analysis, and deficient audit quality posed financial risks to investors and undermined trust in financial markets.
07/12/2021
Brussels sets stage for battle over emissions cuts
EU reform proposals attacked by politicians, industry lobbies, environmentalists
07/12/2021
Esma fines DTCC Derivatives Repository €408,000 for data breaches
The breaches, which were committed between 2014 and 2018, were found to have resulted from negligence on the part of DDRL.
07/11/2021
Implementation of Basel standards
This PS is relevant to UK banks, building societies, and PRA-designated investment firms, as well as UK financial holding companies and UK mixed financial holding companies of certain PRA-authorised firms.
07/11/2021
UK Authorities Issues A Red Flag Over The Usage Of Crypto Ads
A major native advertising business group has announced a crackdown on cryptocurrency advertisements
07/09/2021
FCA fines LBGI £90 million
Renewal premiums offered to customers would also likely have been higher than the premium quoted to new customers, or customers that chose to switch insurance provider.
07/09/2021
FCA Must Come Forward with Tangible, Tested Proposals to Strengthens the Financial Promotions Rules
PIMFA has reiterated its belief that the approval of financial promotions should be a regulated activity.
07/09/2021
European Commission endorses Cyprus's €1.2 billion recovery and resilience plan
The Commission assessed Cyprus's plan based on the criteria set out in the RRF Regulation.
07/09/2021
Long awaited proposal for EU Green Bond Standard published
These initiatives highlight the EU's global leadership in setting international standards for sustainable finance.
07/09/2021
Russia to Introduce Rules for Confiscating Crypto: Report
The country's prosecutor general said crypto is increasingly used for bribes.
07/09/2021
UNDP and EBRD reaffirm partnership to promote sustainable development
The two organisations will also collaborate on issues including the digital transformation of small and medium-sized enterprises and the promotion of equality of opportunity for women, youth and people suffering from disabilities.
07/09/2021
FCA issues £90m fine to LBGI for misleading home insurance communications to customers
Home insurance customers were told they were receiving a ‘competitive price’ or ‘discount’ for loyalty at renewal, however this language was not substantiated
07/09/2021
Clifford Chance advises Allianz Real Estate on the acquisition of its first PRS portfolio in Spain
The portfolio comprises 421 residential units at 21 assets located in first-rate urban areas in Madrid and Barcelona and targeted at the middle market. Elix, one of Spain's major real estate investment managers, will manage the assets.
07/09/2021
Data protection watchdogs call for a ban on automated facial recognition in AI Act
In terms of governance, the Opinion stresses the need to clearly set forth the independent nature of the authorities tasked with supervising and enforcing the AI Act.
07/08/2021
FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms
The regulators are also asking for views on how any changes could be tailored to specific categories of firms to ensure it is proportionate.
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
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.