06/23/2021
UK anti-money laundering expert convicted of laundering cash
Prosecutor says £850,000 was allowed to be ‘defrauded from 60 individuals to be dispersed across the world’
Legal, Regulation & Compliance
06/22/2021
A new dawn for payments - speech by Victoria Cleland
The determination of those involved in its creation, was to build something not only for their immediate needs but for many generations to come.
06/22/2021
Final EDPB Recommendations published on supplementary measures for international personal data transfers from Europe
The challenges posed with implementing the Recommendations may ultimately lead to organisations deciding to instead locate more European personal data in the European Economic Area (the "EEA") or a jurisdiction which is recognised as offering an
06/22/2021
Basel Committee Seeks Public Comments on Prudential Framework for Cryptoassets
To date, the absence of clear bank regulatory standards for cryptoasset-related activities—as well as public skepticism of the legitimacy and future of cryptoassets by some prudential regulators—has slowed the development and offering of crypt
06/22/2021
Successful transactions of securities with Central Bank Digital Currency
Banque de France successfully used Central Bank Digital Currency in a test environment
06/22/2021
Brexit: less than 10 days to request a new residency permit
Tick Tock! Reminder to British Citizens Living in Luxembourg: Less than 10 days remaining to request a new residency permit before 30 June 2021
06/22/2021
Financial investigation powers handed to raft of UK authorities
The legislation allows financial investigators to discharge powers which are normally granted to law enforcement officials such as police officers, Pinsent Masons said in a briefing note on 18 June.
06/22/2021
English High Court rules on scope of its power to determine jurisdiction of arbitral tribunals
The defendant chartered a ship from the claimant on a standard form.
06/22/2021
Third of advisers want to see advice allowance increased
The rules operate slightly differently to the pensions advice allowance.
06/22/2021
Carey Olsen advises FSN Capital on latest mid-market fund launch
The fund, which was oversubscribed and closed above its original hard cap, will continue FSN Capital's proven investment strategy of targeting control buyout investments of mid-sized companies in Northern Europe.
06/21/2021
EU/US: Cross-border data flows - a necessary part of global trade
Cross-border data transfers have been beneficial to consumer welfare, by giving access to a wider range of goods and services at a lower cost.
06/21/2021
Data regulation replaces tax rate as top investment factor, survey finds
Regulatory regime biggest driver for firms seeking to make data-related investments in EU
06/20/2021
Macron exploits UK Covid restrictions to lure top bankers to Paris in Brexit revenge
Under current restrictions, passengers are required to quarantine for 10 days when travelling from amber list countries such as the US, France and Germany.
06/20/2021
Mr Boom quits the Bank of England warning about the ‘beast of inflation’
Andy Haldane, Threadneedle Street’s free-thinking chief economist, is bowing out after 32 years in central banking
06/20/2021
How will the Bank of England react to the return of inflation?
Market Questions is the FT’s guide to the week ahead
06/18/2021
Ruling confirms possibility of parallel GDPR investigations
Amsterdam-based Wouter Seinen of Pinsent Masons, the law firm behind Out-Law, said: “This ruling erodes the ‘one stop shop’ mechanism significantly as it means the one stop shop does not absolutely protect multinational companies against
06/18/2021
EU legislators reach political agreement on CBCR
The provisionally agreed text will be submitted to the relevant bodies of the EU Council and the EU Parliament for political endorsement and then the EU Council will adopt its position at first reading.
06/18/2021
Bird & Bird becomes pro-bono partner of FEDORA to support sustainability, equality and digital transformation in performing arts
FEDORA is a non-profit organisation at the forefront of cultural and artistic creation and philanthropy, with 96 member organisations in 26 countries.
06/18/2021
The dawn of a new wave of internal models for Solvency II
This process has dramatically accelerated in the last few months, as we witness a new wave of simulation-based economic capital implementations, particularly in those countries where the first wave left out a few significant players.
06/18/2021
British Steel Active Wealth IFA banned for 13 years
These were high risk and described as ‘relatively illiquid’ and ‘unregulated’.