04/28/2021
Ireland Implements 5MLD
Prescribing in detail the enhanced customer due diligence measures to be applied when dealing with a customer established or residing in a 'high risk third country'
Legal, Regulation & Compliance
04/28/2021
UPDATE 2-Danske Bank may have to look into Estonia dirty money case again
Authorities may require bank to investigate Estonia case further
04/28/2021
BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million
Traders colluded for sovereign-bonds sold to pension funds
04/28/2021
Proposal for EU Regulation of Artificial Intelligence published
The regulation has vast implications for industry across numerous sectors around the world
04/28/2021
Financial Regulation: Daily Update
The European Commission (EC) has published a draft Implementing Regulation on the extension of the transitional provisions related to own funds requirements for exposures to central counterparties (CCPs).
04/27/2021
Compliance, Culture and Evolving Regulatory Expectations
Under the statutory duty of responsibility, liability is not strict and requires positive evidence that the senior manager has failed to take a reasonable step to prevent a firm’s non-compliance.
04/27/2021
Financial Regulation: Daily Update
The PRA proposes that implementation of the changes resulting from CP9/21 would take effect upon publication of the final policy in Q2 2021.
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.
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