04/27/2021
UK announces new sanctions regime to stop money launderers treating country as ‘honey pot’
The move brings the UK in line with the US and Canada in adding corruption to its Magnitsky Act sanctions regime.
Legal, Regulation & Compliance
04/27/2021
EU Taxonomy Regulation: Climate Technical Screening Criteria a step closer to the statute books
The European Commission’s announcement on 21 April 2021 that it has reached political agreement on the climate TSC moves us closer to a green classification framework.
04/27/2021
Funds & Investment Management Update - Ireland and Luxembourg - Q1 2021
On 1 March 2021, the European Banking Authority ("EBA") published its final report with revised guidelines on customer due diligence
04/27/2021
Legal certainty on question of privacy rights and sharing of information needed
The conference is hearing from many stakeholders on how a multi-agency response can help build up capacity in the detection and prosecution of financial crime both internationally and here in Ireland.
04/26/2021
Insights from Herbert Smith Freehills
New webpages on climate change
04/26/2021
Cautious optimism for the post-pandemic world
Speech by Charles Randell, Chair of the FCA and PSR, to the Finance & Leasing Association
04/26/2021
Accountants seek leniency from UK watchdog for high-risk audits
Plea for audits of new clients to be exempt from scrutiny over fears of censure for mistakes
04/26/2021
ECB keeps rates on hold and stimulus in place
The closely-followed University of Michigan sentiment index improved from a reading of 84.9 in March to 86.5 in April, according to a preliminary reading.
04/26/2021
AIB and BoI mull Government bonds move after Davy exit
AIB looking to get back into market as part of planned repurchase of Goodbodys
04/26/2021
Blevins Franks debuts beefed-up Brexit emigration and financial advice service
The requirements in terms of application forms and support documentation can be daunting
04/26/2021
European Data Protection Board issues opinions on European Commission’s draft UK adequacy decisions
The Opinions largely support the draft UK adequacy decisions and represent a positive step towards adoption of formal UK adequacy decisions.
04/26/2021
FCA writes to 2,800 firms over missing SMCR data
The regulator added it would send emails to approximately 2,800 non-submitting firms, which previously had approved persons and provide consumer-facing activities, including mortgage advice firms.
04/23/2021
Financial Services & Banking News
The FMLC understands that the IPSF is a forum for public authorities in charge of developing sustainable finance policies and initiatives and supports the coordination efforts made globally to scale up sustainable finance and promote integrated markets in
04/23/2021
Impact of changes to the Takeover Code on bid financing
The Code currently provides for bids to lapse automatically if certain regulatory procedures are initiated in the UK or EU.
04/23/2021
Daily Legal Update
The European Commission has adopted an ambitious and comprehensive package of measures to help improve the flow of money towards sustainable activities across the European Union.
04/23/2021
Malta mired in golden visa scandal
Investigation reveals millionaires were given passports despite not meeting the conditions
04/23/2021
Swiss authority to probe Credit Suisse over trading losses
The authority said such "enforcement proceedings" against financial institutions typically take months, depending on the complexity of the matter.
04/22/2021
German parliament expands probe into EY’s audits of Wirecard
Inquiry committee extends remit and timeframe for special investigator after scathing initial report
04/22/2021
Ex-BSPS adviser among nine advice firms in default
Bartholomew Hawkins is facing 13 claims to but the FSCS has yet to pay out anything it said at the time.
04/22/2021
European Commission publishes landmark Artificial Intelligence regulatory package
In Brussels today, the European Commission unveiled a much-anticipated new rulebook on Artificial Intelligence.