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:
Legal, Regulation & Compliance
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
09/30/2021
European banks need regulation reset to catch U.S. rivals: EBF
Banking capital buffers in Europe have been much tougher than in the United States
09/30/2021
Central Bank Governor sends letter to banks on short term loan restructurings and fee transparency
To this end, providing comprehensive information to borrowers in order to conduct the most efficient, fair and constructive negotiation possible is a necessary component
09/30/2021
SFO announces investigation into £150m investment schemes after dawn raid
At the same time, the SFO also issued several Section 2 notices, which force companies to provide relevant information.
09/30/2021
Listed Funds and the issue of ever-increasing Regulation
Regulators who may have been accused of being asleep at the wheel very quickly responded to political pressure by introducing requirements that now seem commonplace.
09/30/2021
Policy & Practice for Purposeful Business
The final report of the Future of the Corporation programme
09/29/2021
Project Dunbar: international settlements using multi-CBDCs
The project will work with multiple partners to develop technical prototypes on different distributed ledger technology platforms.
09/29/2021
Herbert Smith Freehills Advises on Petershill Partners' £4 Billion London IPO
Petershill Partners are a leading alternative asset manager which owns minority stakes in alternative asset managers with a combined US$187 billion of assets under management.
09/29/2021
AutoRek Urges Industry to Prepare for Jan 1 IFPR Start
“From reading the consultation papers, it’s quite staggering to think that this is a simplified approach to prudential regulation,” says Murray Campbell, CASS Business Consultant at AutoRek.
09/29/2021
How Jersey Law is Adapting to Fight Greenwashing
The Investment Business Code of Practice will also be similarly updated in due course.