06/24/2021
Regulatory governance in private markets
Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.
Legal, Regulation & Compliance
06/24/2021
Ashurst represents German winemaker
Pieroth Japan was established in 1969 and it was the first foreign wine import company in Japan.
06/24/2021
FCA consults on proposed decision to require synthetic LIBOR for 6 sterling and Japanese yen settings
For the 3 Japanese yen LIBOR settings, based on information currently available to us, we intend to compel their publication for 1 year only until end-2022, after which they will cease.
06/23/2021
ESMA Recommends Changes to Supervisory Fees for Credit Rating Agencies
ESMA also recommends a number of changes to streamline the fee collection process and to align ESMA’s approach across its supervisory mandates.
06/23/2021
Greensill sent all loans under government scheme to Gupta-linked companies
Eight businesses that borrowed from firm under taxpayer-backed programme revealed
06/23/2021
The EDPB’s uncompromising new recommendation on transborder dataflow
The Recommendation is uncompromising and intended to ensure the EU’s protective framework
06/23/2021
Government publishes regulations and guidance on climate risk governance for pension scheme trustees
Accompanying guidance (‘Guidance’) published in June by the Department for Work and Pensions (‘DWP’), sets out how and when trustees must implement climate change governance measures
06/23/2021
Bird & Bird advises WH Ireland Limited on the £15 million Pensana plc fundraise
The Company is focussed on the production of the rare earth elements
06/23/2021
More regulation in private markets remains a challenge, but new solutions bring opportunities
And with such rapidly accelerating demand from clients looking to access private markets, this is now an essential topic for relationship managers and advisers to tackle.
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’
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.